Tag Archives: West Marine

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 ...

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 ...

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 ...

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 ...

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 — ...

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. ...

West Marine has announced the two winners of its second annual World Oceans Day Art Contest: 12-year-old Alexandra R., a seventh-grader from South Windsor, Conn.; and 10-year-old Owen G., a fourth-grader from Cream Ridge, N.J. For this contest, the company invited young people to submit original artwork inspired by the 2017 World Oceans Day theme — Our Oceans, Our Future. ...

To commemorate National Safe Boating Week later this month, West Marine has announced that it will host a 12-day, safety-inspired fundraiser in its stores across North America and on westmarine.com. From May 18 to 29, the manufacturers of West Marine life jackets will donate $2 for every West Marine-brand life jacket purchased (up to $35,000) to West Marine¹s nonprofit BlueFuture ...

West Marine announced the relaunch of its Waterlife station on Pandora Radio. Water enthusiasts everywhere are invited to tune in and spend time listening to a selection of music that speaks to good times and having fun on the water. West Marine’s Pandora Waterlife Radio station features a mix of music with broad appeal to people that enjoy recreating on ...

West Marine, Inc. Wednesday reported financial results for the first quarter ended April 1, 2017. First quarter 2017 net revenues were $129.1 million, a decrease of 1.0 percent compared to the same period last year. Comparable store sales were flat. Pre-tax loss was $12.1 million, compared to pre-tax loss of $15.2 million last year in the same period. Loss per ...