Tag Archives: West Marine

West Marine bag design contest raises $3,860 for BlueFuture Fund

West Marine’s first-ever World Oceans Day Bag Design Contest has raised more than $3,800 for the nonprofit BlueFuture Fund. For the contest, the company invited youth ages 5-12 and 13-18 to submit original artwork inspired by the 2016 World Oceans Day theme — Healthy Oceans, Healthy Planet. A panel of West Marine judges selected a winner in each age group, ...

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West Marine raises $30,000 to support BlueFuture Fund

West Marine has announced that it raised $30,000 to support its nonprofit BlueFuture Fund during National Safe Boating Week. During its safety-inspired fundraiser May 21-27, the company donated $5 from each life jacket purchase to the BlueFuture Fund, which supports community-based organizations dedicated to getting young people on and around the water in both recreational and educational capacities. “We hit ...

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Ambassador Marine files for Chapter 11 bankruptcy

According to documents filed in Federal court, Ambassador Marine has filed a petition for chapter 11 protection. The company said the bankruptcy filing will enable Ambassador to maintain normal operations in the ordinary course of business as it addresses a lawsuit filed by West Marine over a disputed bicycle recall. A separate division of Ambassador sourced private label bikes for ...

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West Marine announces spring 2016 BlueFuture grant winners

West Marine has announced the names of the 25 nonprofit organizations that will receive spring 2016 BlueFuture grants. West Marine’s BlueFuture Program will present the $1,500 grants this month to the winners, all of which are community-based organizations that are dedicated to getting young people on and around the water in both recreational and educational capacities. The grants are unrestricted, ...

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RBLC New Markets Task Force announces educational plans

On Monday during the American Boating Congress biannual meeting of the Recreational Boating Leadership Council, the New Markets Task Force announced final plans for its new industry-wide multicultural educational training module, including the selection of featured industry companies and a video production firm. The forthcoming 45-minute multimedia training module is projected for a Fall 2016 debut, in time for the ...

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Sales up as losses decrease for West Marine in Q1

West Marine, Inc. reported Thursday financial results for the first quarter ended April 2, 2016. The company reported net revenues of $130.4 million in the quarter, an increase of 2.6 percent compared to the same period last year. Comparable store sales increased 2.7 percent.  Pre-tax loss was $15.2 million compared to a pre-tax loss of $18.1 million last year. “We ...

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West Marine plans National Safe Boating Week fundraiser

To commemorate National Safe Boating Week next month, West Marine has announced that it will host a weeklong, safety-inspired fundraiser in its stores across North America and on westmarine.com. From May 21-27, the world’s premier Waterlife Outfitter will donate $5 from each life jacket purchase (up to $30,000) to its nonprofit BlueFuture Fund, which supports community-based organizations dedicated to getting ...

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West Marine opens Blue Future spring grant cycle

On Friday, April 1, West Marine began accepting applications for its 2016 BlueFuture Fund grants. The spring grant cycle will run through May 1, with the names of grant recipients to be determined by June 1 and publicly announced no later than June 6. Encouraged to apply are nonprofit, community-based organizations that teach sailing, powerboating, fishing or boatbuilding skills, foster aquatic sustainability and conservation practices ...

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West Marine announces new direction for BlueFuture program

Starting this spring, West Marine is taking a new approach with its nonprofit BlueFuture program. While the program initially supported initiatives on three fronts — youth boating, sustainable fisheries and marine conservation — the company has opted to narrow BlueFuture’s focus with the aim of strengthening its impact. To grow BlueFuture and broaden its reach across North America, West Marine ...

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West Marine reports fiscal 2015 earnings per share of $0.18, more than doubled prior year

WATSONVILLE, Calif. – West Marine, Inc. (NASDAQ:WMAR) today reported financial results for the fourth quarter and fiscal year ended January 2, 2016 (“fiscal 2015”). Fiscal 2014 was a 53-week year for the company versus a 52-week year for fiscal 2015. West Marine held a conference call and webcast on Thursday, February 25, 2016, at 4:30 p.m. Eastern Time to discuss its fourth quarter and fiscal year 2015 ...

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