| Business Summary | | West
Marine,
Inc.
is
a
specialty
retailer
of
recreational
and
commercial
boating
supplies
and
apparel
in
the
United
States.
The
Company
has
three
divisions
(Stores,
Wholesale
(Port
Supply)
and
Catalog)
that
sell
aftermarket
recreational
boating
supplies
directly
to
customers.
At
year-end
2000,
the
Company
offered
its
products
through
233
stores
in
38
states
and
in
Puerto
Rico
on
the
Internet
(westmarine.com)
and
through
catalogs
that
it
distributes
several
times
each
year.
The
Company's
business
strategy
is
to
offer
an
extensive
selection
of
marine
supplies
and
apparel
to
the
recreational
aftermarket
for
both
sailboats
and
powerboats
at
competitive
prices
in
a
convenient,
one-stop
shopping
environment,
emphasizing
customer
service
and
technical
assistance.
The
Company
is
also
engaged,
through
its
Port
Supply
business
line
and
stores,
in
the
wholesale
distribution
of
products
to
commercial
customers
and
other
retailers. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | West
Marine,
Inc.
sells
an
extensive
selection
of
boating
products
and
apparel
to
recreational
and
commercial
boaters
through
retail
stores
and
mail
order
catalogs.
For
the
26
weeks
ended
6/30/01,
net
sales
decreased
1%
to
$278
million.
Net
income
increased
20%
to
$10.5
million.
Revenues
reflect
decreased
sales
in
the
Company's
catalog
division.
Earnings
reflect
improved
gross
margins
due
to
reduced
distribution
costs
and
a
change
in
product
mix. | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| Randolph Repass, 57 Chairman | -- | John Edmondson, 56 Pres,
CEO | $534K | Russell Solt, 53 CFO,
Exec. VP, Sec. | 285K | Richard Everett, 48 COO;
Pres of Stores Division | 305K | Dollar amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|