Genmar to sell assets
October 30, 2009
MINNEAPOLIS — In a letter to dealers, Genmar President and CEO Roger R. Cloutier said the company has concluded that a sale of Genmar’s assets will result in the most favorable outcome for the parties affected by its bankruptcy. “Over the last several months, Genmar and its boat brands and... Read more »
Dealers hopeful for Fort Lauderdale Boat Show
October 30, 2009
FORT LAUDERDALE, Fla. — Positive momentum on the stock market has boat dealers optimistic that the 50th installment of the Fort Lauderdale International Boat show will be a boon for sales, according to a recent article in the Miami Herald. The show, which runs through Monday in Fort Lauderdale, is... Read more »
West Marine raises earnings, eliminates debt in Q3
October 30, 2009
WATSONVILLE, Calif. — West Marine’s earnings per share for the third quarter increased 137 percent to $0.38, compared to $0.16 for the same period last year, according to a report from the company. In addition, at the end of the quarter, it had zero debt and a cash balance of $22.3 million,... Read more »
Marine Marketers of America presents annual awards
October 30, 2009
FORT LAUDERDALE, Fla. – Marine Marketers of America (MMA) hosted its second annual national marketing awards luncheon on Oct. 29 at the Fort Lauderdale International Boat Show, where it announced this year’s six Neptune Award winners, according to a release from the group. Neptune Awards honor... Read more »
Al T. Marine Electronics acquired by Italian shipping group
October 30, 2009
LAKE WORTH, Fla. – Al T. Marine Electronics LLC, a Lake Worth marine electronics firm, has been acquired by Telemar Yachting of Italy, part of the Italian shipping group CG Telemar, and will become “Telemar Yachting the Americas,” according to a release from Al T. Marine Electronics.... Read more »
Glacier Bay launches fall incentives
October 30, 2009
TARBORO, N.C. — Glacier Bay Catamarans, which recently combined with its main competitor, World Cat, has begun shipping its 26-foot boats and is offering $5,000 toward any new 26-foot model, according to a release from the company. To qualify for the discount, the purchase of a 2010 model must be... Read more »
Brunswick increases liquidity as sales drop
October 29, 2009
LAKE FOREST, Ill. — Brunswick Corp. saw sales plummet 36 percent in the third quarter of 2009, but nearly doubled its cash on hand to $624.1 million, according to a release from Brunswick today. Total sales of $665.8 million, down from $1,038.8 million a year earlier, were hurt primarily by marine... Read more »
Shifting from selling the fun to selling the deal
October 29, 2009
By Bob McCann, Director of Client Education, ARI Network Services & Channel Blade — When we started Channel Blade years ago, most of the marine dealer Web sites we designed were focused on the lifestyle of boating. Back then, many conversations with dealers often led to a familiar phrase: “We... Read more »
Top 100 Dealers Gala
October 28, 2009
The Top 100 Dealers Gala is set for Wednesday evening. All dealers who have been selected to the 2009 Top 100 will be receiving two complementary tickets. However, DEALERS who have not been selected to the list can purchase tickets to the event for $175 a seat. While this is a celebration event, it also... Read more »
Marine Products Corp. sales, inventory show dramatic Q3 decline
October 28, 2009
ATLANTA — Marine Products Corp., the maker of Chaparral pleasure boats and Robalo fishing boats, generated net sales of $8.7 million in its third quarter, a 72.3-percent decrease compared to $31.5 million last year. The company shared its quarterly numbers in a report released today. The decrease in... Read more »
