Message From The Editor How Important Are the Marine Chandleries?
Apparently, the marine chandleries are quite important to some readers and I got a few responses back when I wrote, "What if West Marine goes bankrupt?"
We had read last week, about the possibility that West Marine might declare bankruptcy. The stories we read mentioned general sales declines, having too many West Marine outlets and the big issue, the corporation’s level of indebtedness. You might note that West Marine left the Canadian market several years ago. For some time, West Marine has been owned by private equity funds and those funds typically, are looking for a return on their investments, not for a business that they need to operate. That was what prompted the letters. (READ MORE)
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