West Marine going out of business... and I can't think of anything I need!

Lou C

Lou C

Supreme Mariner
Joined
Nov 10, 2002
Messages
14,162
On all of Long Island we will have 2 stores left after this "restructuring" on in East Isip and the other in Patchogue. My local store is closing for sure. I did pick up some deals on motor oil and a few other things.
Luckily we have a great local marine supply store who supplies a large marina nearby, this will be GREAT for his business.
West Marine always had sky high prices, it was nice when they had fully stocked shelves, but our local store always looked empty (with respect to shoppers) to me. High prices and high overhead, no good!
 
P

Pmt133

Lieutenant Commander
Joined
Jan 6, 2022
Messages
1,718
My west marine was more of a Kohls with a couple boat parts. Nearly half the store was clothing and coolers...
 
Scott Danforth

Scott Danforth

Grumpy Vintage Moderator still playing with boats
Staff member
Joined
Jul 23, 2011
Messages
52,832
West Marine is hiding behind a Chapter 11 so they don't have to pay the 850million they owe their vendors and suppliers while giving themselves a large bonus

A good friend of mine is trying to get $2M that they owe him

If you find any of the execs from West Marine, feel free to punch them in the throat

 
A

airshot

Admiral
Joined
Jul 22, 2008
Messages
6,652
Anyone watching had to know this was comming. Hardly any stock, and much of their stock was old, at least in our area. Prices were high with only a few exceptions. When I upgraded my winch, they had the best price by far but the box was old as a dinosoar. To many buying foreign junk off Amazon.
 
rolmops

rolmops

Vice Admiral
Joined
Feb 24, 2002
Messages
5,746
airshot said:
Anyone watching had to know this was comming. Hardly any stock, and much of their stock was old, at least in our area. Prices were high with only a few exceptions. When I upgraded my winch, they had the best price by far but the box was old as a dinosoar. To many buying foreign junk off Amazon.
Click to expand...
Some of this is true and some of it is not. "Foreign junk" meaning Chinese is not always junk.
West Marine not unlike Sears is one of many stores that made their high mark up profit as middle man automatically doubling or tripling their prices for whatever they sold. A lot of that came from China. Their strategy fell apart the moment somebody was willing to sell for less than a 200% profit. West Marine's own arrogance is mostly why they ignored the writing on the wall and continued overpricing while the competition just overpowered them
 
Scott Danforth

Scott Danforth

Grumpy Vintage Moderator still playing with boats
Staff member
Joined
Jul 23, 2011
Messages
52,832
West Marine is selling products that cost $8-10 to have manufactured in China and Taiwan only to mark up 3-5 X

Anything stainless that is polished is most likely from off shore

These off-shore suppliers feed most of the marine companies.
 
Last edited:
A

airshot

Admiral
Joined
Jul 22, 2008
Messages
6,652
While what you stated is true, my comment was in reference to folks buying off Amazon and not supporting their local businesses. When sales are few and far between prices have to be higher to keep up with overhead..I always try to buy local even if it means spending a little more. The knowledge and expertise of that local store owner has saved me hundreds over the years. Saving a few buck buying on Amazon has never helped me when in a pinch and need expertise.
rolmops said:
Some of this is true and some of it is not. "Foreign junk" meaning Chinese is not always junk.
West Marine not unlike Sears is one of many stores that made their high mark up profit as middle man automatically doubling or tripling their prices for whatever they sold. A lot of that came from China. Their strategy fell apart the moment somebody was willing to sell for less than a 200% profit. West Marine's own arrogance is mostly why they ignored the writing on the wall and continued overpricing while the competition just overpowered them
Click to expand...
 
You must log in or register to reply here.
Top