West Marine reports improved Q1 operating results
April 30, 2009
WATSONVILLE, Calif. — Pre-tax operating results at West Marine, Inc., improved by $11.0 million compared to the same period last year, the company reported today. The gain represents the company’s best first quarter pre-tax operating results since 2005, the company said. “We are pleased to... Read more »
Brunswick confident despite sales decline and net loss
April 30, 2009
LAKE FOREST, Ill. — While marine market conditions are clearly taking their toll on marine industry giant Brunswick Corp. (NYSE: BC), its chairman and CEO said in a statement this morning that the company is “increasingly confident that we are well positioned to benefit from an economic recovery.” The... Read more »
NMBA analysis shows marine market opportunities for lenders
April 29, 2009
CHICAGO, Ill. — A white paper developed for lenders by the National Marine Bankers Association anticipates significant opportunities for financial institutions as the recreational boating industry recovers, according to a release from the NMBA. The report says the upside potential for banks and other... Read more »
BRP offers spring Evinrude incentives
April 29, 2009
STURTEVANT, Wis. — BRP’s latest Evinrude promotion offers consumers a five-year BRP factory-backed warranty, new financing options and a cash back credit of up to $500 on 40 hp and above E-TEC outboards, according to a release from BRP. As an optional incentive, consumers can choose special... Read more »
National Youth Marine Alliance now certified to deliver Volunteer Service Award
April 29, 2009
WESTERLY, R.I. — The National Youth Marine Alliance / Preserve America’s Waterways Initiative is now a certifying organization for the President’s Volunteer Service Award, the group reported in a release Tuesday. The award is a national program that recognizes Americans who have demonstrated a... Read more »
Father/daughter marketing team to kick off IBEX
April 29, 2009
BROOKLIN, Maine — Father and daughter marketing team Al and Laura Ries will speak at a special opening night presentation at IBEX 2009, show organizers reported in a release this week. This year’s show runs from Oct. 12-14 at the Miami Beach Convention Center in Florida. The Rieses have co-authored... Read more »
MRAA creates Young Leaders Advisory Board
April 29, 2009
BOCA GRANDE, Fla. — The Marine Retailers Association of America is creating a new advisory group called the Young Leaders Advisory Board to represent the next generation of marine retailers, according to a release from MRAA. “Within all of our organizations there are young rising stars that... Read more »
Marine Products Corp. reports 77.9 percent fewer boats sold
April 29, 2009
ATLANTA – Boat builder Marine Products Corp. (NYSE: MPX) sold 77.9 percent fewer boats in the quarter ended March 31, which contributed to a 78.9-percent decrease in net sales, compared to the same quarter of last year, it reported in a statement today. “Marine Products’ first quarter... Read more »
ARI acquires Channel Blade Technologies
April 28, 2009
MILWAUKEE, Wis. – ARI (OTCBB:ARIS), a supplier of electronic parts catalogs and marketing services, is acquiring the assets of Channel Blade Technologies Corp., a provider of Web sites, lead management and marketing automation solutions in the marine and recreation vehicle markets, the company reported... Read more »
Skipper Bud’s opens marine repo center
April 28, 2009
OSHKOSH, Wis. — In response to the sluggish economy, boat dealership Skipper Bud’s is “rebadging” its Oshkosh location on Lake Butte des Morts as the Midwest Marine Repo Center, it reported in a statement today. “The times are just right for businesses such as boat dealers to offer consumers... Read more »
