Thread: Westmarine - the good and the bad
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Old 04-21-2008
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Quote:
Originally Posted by merlin2375 View Post
As it stands now people are voting with their wallets:
West Marine sales drop by 10 per cent for Q1

They could be going the way of Radio Shack sooner rather than later...closing their doors and slimming down.
As I'm sure you know WM is not the only business that has been suffering as of late, if you follow the market place you'll notice that almost all sectors are down from their highs. These are the very times that companies have to change for, or they will not be around in the coming years. The market place had been going through a feast period for the last five or more years, and very lately it's been in a famine period. The WM management knows what it needs to do to survive, and I think you'll see deals aplenty coming out of them...deals for WM that is. Hopefully WM will learn from this downturn, and become more competitive player in the future.
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