Message From The Editor What if West Marine goes bankrupt?
In our research this week, we have read about the possibility that West Marine might declare bankruptcy as a result of general sales declines, having too many outlets and the corporation’s level of indebtedness. What we have read is that West Marine has been taken over by private equity funds on more than one occasion and those funds can refinance to actually take money out rather than put money in.
We see this as being not just a USA situation – many marine suppliers operate internationally and could get burned in the process as well as loose big volume. West Marine has more than 250 stores. That could impact our Canadian supply chain, pricing and delivery at the start of the season. We will be watching to see what happens. (READ MORE)
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