Brownie's Marine Group launches new retail concept

Author:
Updated:
Original:

Brownie's Marine Group, in a company update from chairman and CEO Robert Carmichael, said today it believes the outdoor recreational markets have begun to stabilize, yet remain significantly below prerecession levels.

“While the outdoor recreation industry is on the road to recovery, the economic recession has had a lasting impact on the marketplace. Consumers are more demanding and discerning, with increasingly higher price/value expectations,” Carmichael said, adding that it’s the reason the company is launching a multisport concept store: Brownie's Adventure Centers.

“Single-niche market retailers are limited in their profit center potential,” he added. “The variety of sports and activities available at a BAC demand professional guidance, training and mentorship, a resource not easily found in any ‘big box’ outlet, but very difficult to subsidize in a single product store.”

Carmichael added, “Focused, disciplined execution of our strategic plan is essential to reach profitable growth in what will be another challenging year. We will continue to carefully manage inventories, keep working capital in check and implement the vertical integration strategy during 2012.”

Related

Besenzoni - for over 50 years ambassador of made in Italy in the world - designs and produces accessories for pleasure and commercial boating characterized by simple and functional design

Besenzoni constantly assists its customers in 90 countries with 187 representative points and a direct assistance network consisting of 164 operating units around the world coordinated by the headquarters.

Sea Tow Saves Cold-Stunned Turtles

Its Corpus Christi outfit is rescuing turtles that were affected by the deep freeze in Texas.

Southern Marinas Sells Portfolio

The group had made six acquisitions last year and had a total of 12 properties under its umbrella.

2020 Neptune Award Winners Named

The annual marketing awards drew 129 entries in 20 categories.

‘A Great Start to 2021’

An onslaught of new and returning customers kept dealers busy in what is typically a slower time of year.

Nautique Names VP of Sales

Rick Skinner joins the Correct Craft subsidiary after 30-plus years with water-sports equipment manufacturer HO Sports.

MarineMax Expands Territories for Cruisers, MJM

The dealership will offer the brands at several of its locations, including Boston, Baltimore, Jacksonville and Charleston.