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Tag Archives: West Marine

West Marine hires retail executive as new CEO

West Marine has hired retail executive Ken Seipel as the company's new CEO. Seipel is an experienced leader with a strong track record helping grow privately held retail companies, as well as Fortune 500 brands. He was most recently CEO of Gabe’s and prior to that held executive positions with a wide range of retail organizations including Old Navy, Target ...

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West Marine announces 2018 BlueFuture Grant recipients

After receiving a record number of late spring applications, West Marine has announced the names of 50 nonprofit organizations that will each receive a $1,500 grant. Earlier this month, the retailer distributed grant checks to the winners, all of which are community-based organizations dedicated to getting young people on and around the water in recreational and educational capacities. “During each ...

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West Marine to sponsor Florida STAR competition

West Marine has announced a corporate sponsorship for the Fourth Annual CCA Florida STAR competition. Currently underway and ending Monday, Labor Day, Sept. 3, CCA Florida STAR is designed to educate the public about the importance of conservation of Florida’s marine resources and to engage families and youth in the sport of fishing. Billed as the “largest fishing competition in ...

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West Marine celebrates 50th anniversary

West Marine announced today that it will commemorate the company’s 50thanniversary — and officially welcome the spring season — with a special promotion. On Saturday, April 21, every West Marine location (nearly 250 in the U.S. and Puerto Rico) will give the first 50 customers a mystery gift card valued from $5-100. The grand totals of gift cards will reach nearly ...

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West Marine hires former Lowe’s executive as CEO

West Marine, Inc  has hired a new CEO. Doug Robinson will join the company Jan. 29. Most recently, Robinson spent 13 years with Lowe’s and his last role was president, international operations and development. He is an avid sailor and longtime customer of West Marine. Robinson has three decades of speciality retailing experience. He's also a supporter and participant in the ...

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West Marine announces BlueFuture grant recipients

West Marine has announced the names of the 25 nonprofit organizations that will receive fall 2017 BlueFuture grants. Unrestricted support in the amount of $1,500 will be provided to the winners, all community-based organizations that are dedicated to getting young people on and around the water in recreational and educational capacities. “No one understands the needs of a community better ...

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West Marine reports Q2 2017 results

West Marine, Inc. reported financial results for the second quarter ended July 1, 2017. Second quarter 2017 net revenues were $247.2 million, a decrease of 1.7 percent compared to the same period last year. Comparable store sales were down 1.2 percent. Pre-tax income was $36.0 million, compared to $36.4 million last year in the comparable period. The company incurred expenses ...

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Monomoy Capital Partners to acquire West Marine

West Marine, Inc. and Monomoy Capital Partners, a New York-based private equity fund, announced that they have executed a definitive merger agreement under which a wholly owned affiliate of Monomoy will acquire all of the outstanding shares of common stock of West Marine at $12.97 per share in cash, which represents a total equity value of $338 million. This price represents a premium of 32 percent over ...

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West Marine raises $33,380 to support BlueFuture fund

West Marine announced that it raised $33,380 during its annual National Safe Boating Week fundraiser. From May 18 to 29, the manufacturers of West Marine life jackets donated $2 for every life jacket purchased to the company’s nonprofit BlueFuture Fund. BlueFuture supports a broad range of nonprofit, community-based organizations dedicated to providing young people with access to the water — ...

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West Marine announces recipients of Spring 2017 BlueFuture Grants

After receiving a record number of applications in its spring 2017 grant cycle, West Marine has announced the names of 25 nonprofit organizations that will receive $1,500 grant awards. This summer, the company will present grant checks to the winners, all community-based organizations that are dedicated to getting young people on and around the water in recreational and educational capacities. ...

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