Re: Stus-List West Marine leaves Canada

2014-11-15 Thread Jim Watts via CnC-List
One of the problems they faced was the see-sawing $CAD. When it was really
lurching around vs. the $USD, we would sometimes see two or three different
prices for the same item in one month. In the end, however, I think they
gave up to some extent and just let it ride as "too much".

Jim Watts
Paradigm Shift
C&C 35 Mk III
Victoria, BC

On 15 November 2014 16:08, Colin Kilgour via CnC-List  wrote:

> I won't be sad to see West go.   Their prices were good when they came
> in,  but I find them too expensive.
>
> I have one within walking distance of my office,  but I'd prefer to go
> just about anywhere else.
>
> I'm guessing most other Canadian boaters are the same  Hence they head
> back home.
>
> Buh bye
>
> Cheers
> Colin
> Bojangles IV
>  On Nov 10, 2014 2:16 PM, "ed vanderkruk via CnC-List" <
> cnc-list@cnc-list.com> wrote:
>
>> The Dock Shoppe has (re)opened in the space vacated by Genco.
>>
>> Ed
>> On Nov 10, 2014 1:39 PM, "Stevan Plavsa via CnC-List" <
>> cnc-list@cnc-list.com> wrote:
>>
>>> That's a bummer .. the two marine stores I frequent, West Marine and
>>> Genco. Genco has already closed it's doors on Queens Quay and now when West
>>> Marine closes there will be nowhere to go "in a pinch". Everyone else is
>>> quite a drive for me. What other options are there on Toronto's downtown
>>> waterfront???
>>>
>>> Steve
>>> Suhana, C&C 32
>>> Toronto
>>>
>>>
>>> On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List <
>>> cnc-list@cnc-list.com> wrote:
>>>
>>>>  Good question.
>>>> They never even tried in South Western Ontario.
>>>>
>>>> - Original Message -
>>>> *From:* Bill Coleman via CnC-List 
>>>> *To:* cnc-list@cnc-list.com
>>>> *Sent:* Monday, November 10, 2014 1:10 PM
>>>> *Subject:* Stus-List West Marine leaves Canada
>>>>
>>>>  Wonder why?   West Marine plans exit from Canadian market
>>>> --
>>>>
>>>> Marine retailer West Marine will close 10 stores in Canada during the
>>>> next few years, ending its presence in the country.
>>>>
>>>> “We have some fantastic associates up in Canada. This was a very
>>>> difficult decision for us,” West Marine CEO Matthew Hyde told analysts
>>>> during a quarterly earnings call Oct. 23. “That said, this is all about
>>>> ensuring that when leases come up that we’re making the right determination
>>>> about where we invest our money.”
>>>>
>>>> The company has seven leases coming up throughout the coming year, “so
>>>> we’re going to be in Canada for quite some time,” Hyde said.
>>>>
>>>> But the leases that were coming up “didn’t meet our minimum hurdles,”
>>>> he said. Also, Canada faces some additional expenses. “So we will be
>>>> closing our stores in Canada over the next few years,” Hyde said.
>>>>
>>>> With the exception of the Toronto store, where the company has the
>>>> lease termination at the end of this year, the six additional stores will
>>>> operate “basically through the season,” said CFO Thomas Moran.
>>>>
>>>> “As you can imagine, Canada is a pretty highly seasonal market. So
>>>> that’s just a callout about next year.
>>>>
>>>> But beyond that, the impact on our top-line sales and on in our
>>>> contribution and profitability is immaterial [in 2015],” Moran said.
>>>>
>>>>
>>>>
>>>>
>>>> --
>>>>
>>>> ___
>>>> This List is provided by the C&C Photo Album
>>>>
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>>>> CnC-List@cnc-list.com
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>>>> of page at:
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>>>>
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>>>> of page at:
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Re: Stus-List West Marine leaves Canada

2014-11-15 Thread Dennis C. via CnC-List
I have a commercial (Port Supply) account with WM.  I find I can buy
cheaper from Defender, eBay, among others, than my commercial account.  Of
course, Port Supply discounts are volume based.  If you buy $40-50K a year
from them, they're great.

Dennis C.

On Sat, Nov 15, 2014 at 6:08 PM, Colin Kilgour via CnC-List <
cnc-list@cnc-list.com> wrote:

> I won't be sad to see West go.   Their prices were good when they came
> in,  but I find them too expensive.
>
> I have one within walking distance of my office,  but I'd prefer to go
> just about anywhere else.
>
> I'm guessing most other Canadian boaters are the same  Hence they head
> back home.
>
> Buh bye
>
> Cheers
> Colin
> Bojangles IV
>  On Nov 10, 2014 2:16 PM, "ed vanderkruk via CnC-List" <
> cnc-list@cnc-list.com> wrote:
>
>> The Dock Shoppe has (re)opened in the space vacated by Genco.
>>
>> Ed
>> On Nov 10, 2014 1:39 PM, "Stevan Plavsa via CnC-List" <
>> cnc-list@cnc-list.com> wrote:
>>
>>> That's a bummer .. the two marine stores I frequent, West Marine and
>>> Genco. Genco has already closed it's doors on Queens Quay and now when West
>>> Marine closes there will be nowhere to go "in a pinch". Everyone else is
>>> quite a drive for me. What other options are there on Toronto's downtown
>>> waterfront???
>>>
>>> Steve
>>> Suhana, C&C 32
>>> Toronto
>>>
>>>
>>> On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List <
>>> cnc-list@cnc-list.com> wrote:
>>>
>>>>  Good question.
>>>> They never even tried in South Western Ontario.
>>>>
>>>> - Original Message -
>>>> *From:* Bill Coleman via CnC-List 
>>>> *To:* cnc-list@cnc-list.com
>>>> *Sent:* Monday, November 10, 2014 1:10 PM
>>>> *Subject:* Stus-List West Marine leaves Canada
>>>>
>>>>  Wonder why?   West Marine plans exit from Canadian market
>>>> --
>>>>
>>>> Marine retailer West Marine will close 10 stores in Canada during the
>>>> next few years, ending its presence in the country.
>>>>
>>>> “We have some fantastic associates up in Canada. This was a very
>>>> difficult decision for us,” West Marine CEO Matthew Hyde told analysts
>>>> during a quarterly earnings call Oct. 23. “That said, this is all about
>>>> ensuring that when leases come up that we’re making the right determination
>>>> about where we invest our money.”
>>>>
>>>> The company has seven leases coming up throughout the coming year, “so
>>>> we’re going to be in Canada for quite some time,” Hyde said.
>>>>
>>>> But the leases that were coming up “didn’t meet our minimum hurdles,”
>>>> he said. Also, Canada faces some additional expenses. “So we will be
>>>> closing our stores in Canada over the next few years,” Hyde said.
>>>>
>>>> With the exception of the Toronto store, where the company has the
>>>> lease termination at the end of this year, the six additional stores will
>>>> operate “basically through the season,” said CFO Thomas Moran.
>>>>
>>>> “As you can imagine, Canada is a pretty highly seasonal market. So
>>>> that’s just a callout about next year.
>>>>
>>>> But beyond that, the impact on our top-line sales and on in our
>>>> contribution and profitability is immaterial [in 2015],” Moran said.
>>>>
>>>>
>>>>
>>>>
>>>> --
>>>>
>>>> ___
>>>> This List is provided by the C&C Photo Album
>>>>
>>>> Email address:
>>>> CnC-List@cnc-list.com
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>>>> of page at:
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>>>>
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>>>>
>>>>
>>

Re: Stus-List West Marine leaves Canada

2014-11-15 Thread Colin Kilgour via CnC-List
I won't be sad to see West go.   Their prices were good when they came in,
but I find them too expensive.

I have one within walking distance of my office,  but I'd prefer to go just
about anywhere else.

I'm guessing most other Canadian boaters are the same  Hence they head
back home.

Buh bye

Cheers
Colin
Bojangles IV
 On Nov 10, 2014 2:16 PM, "ed vanderkruk via CnC-List" <
cnc-list@cnc-list.com> wrote:

> The Dock Shoppe has (re)opened in the space vacated by Genco.
>
> Ed
> On Nov 10, 2014 1:39 PM, "Stevan Plavsa via CnC-List" <
> cnc-list@cnc-list.com> wrote:
>
>> That's a bummer .. the two marine stores I frequent, West Marine and
>> Genco. Genco has already closed it's doors on Queens Quay and now when West
>> Marine closes there will be nowhere to go "in a pinch". Everyone else is
>> quite a drive for me. What other options are there on Toronto's downtown
>> waterfront???
>>
>> Steve
>> Suhana, C&C 32
>> Toronto
>>
>>
>> On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List <
>> cnc-list@cnc-list.com> wrote:
>>
>>>  Good question.
>>> They never even tried in South Western Ontario.
>>>
>>> - Original Message -
>>> *From:* Bill Coleman via CnC-List 
>>> *To:* cnc-list@cnc-list.com
>>> *Sent:* Monday, November 10, 2014 1:10 PM
>>> *Subject:* Stus-List West Marine leaves Canada
>>>
>>>  Wonder why?   West Marine plans exit from Canadian market
>>> --
>>>
>>> Marine retailer West Marine will close 10 stores in Canada during the
>>> next few years, ending its presence in the country.
>>>
>>> “We have some fantastic associates up in Canada. This was a very
>>> difficult decision for us,” West Marine CEO Matthew Hyde told analysts
>>> during a quarterly earnings call Oct. 23. “That said, this is all about
>>> ensuring that when leases come up that we’re making the right determination
>>> about where we invest our money.”
>>>
>>> The company has seven leases coming up throughout the coming year, “so
>>> we’re going to be in Canada for quite some time,” Hyde said.
>>>
>>> But the leases that were coming up “didn’t meet our minimum hurdles,” he
>>> said. Also, Canada faces some additional expenses. “So we will be closing
>>> our stores in Canada over the next few years,” Hyde said.
>>>
>>> With the exception of the Toronto store, where the company has the lease
>>> termination at the end of this year, the six additional stores will operate
>>> “basically through the season,” said CFO Thomas Moran.
>>>
>>> “As you can imagine, Canada is a pretty highly seasonal market. So
>>> that’s just a callout about next year.
>>>
>>> But beyond that, the impact on our top-line sales and on in our
>>> contribution and profitability is immaterial [in 2015],” Moran said.
>>>
>>>
>>>
>>>
>>> --
>>>
>>> ___
>>> This List is provided by the C&C Photo Album
>>>
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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Paul Baker via CnC-List
Our local one (Sidney) certainly started stocking less and less sailing 
related gear, now the place is full of stand-up paddle boards and 
fishing kit.  We're fortunate to still have a number of independent 
chandleries in the area so aside from their annual electronics 
clear-out, it will be no huge loss.  One thing to their credit, you 
always knew when they would be open, and if they said they would be, 
they were - something the independents don't necessarily do.

Cheers
Paul.

Orange Crush
C&C27 MkII
Sidney, BC.

On 14-11-10 02:23 PM, Jim Watts via CnC-List wrote:
I'm surprised they lasted this long. Much of the management at WM 
regarded Canada as something akin to a leper colony. Product wasn't 
available for import to the stores, the supply chain was ridiculously 
long, many of the stores were in odd or difficult locations (cheap 
rent), prices were frequently uncompetitive, and at least one of the 
District Managers was an ego-driven idiot. Being in store management, 
I got to see the sales and profit numbers for all the stores. I'm 
surprised they lasted this long. (Echo echo echo).


Jim Watts
Paradigm Shift
C&C 35 Mk III
Victoria, BC

On 10 November 2014 13:53, John McKay via CnC-List 
mailto:cnc-list@cnc-list.com>> wrote:


Genco still has the store further west in Toronto.




On Monday, November 10, 2014 3:57 PM, Russ & Melody via CnC-List
mailto:cnc-list@cnc-list.com>> wrote:


Hi Steve,

For other options, you could try leaving Toronto... :)

I wonder about the fate of the Nanaimo West Marine store, serving
a population area of 120,000 or so. Especially with the Harbour
Chandler a mile from the boats and willing to match Vancouver
pricing on everything and Internet pricing on many things.

The comment on being "highly seasonal" is a little odd too. I'm
just about on my way to putter this afternoon on ship's husbandry
tasks.

 Cheers, Russ
/Sweet /35-1




At 10:39 AM 10/11/2014, you wrote:

That's a bummer .. the two marine stores I frequent, West Marine
and Genco. Genco has already closed it's doors on Queens Quay and
now when West Marine closes there will be nowhere to go "in a
pinch". Everyone else is quite a drive for me. What other options
are there on Toronto's downtown waterfront???

Steve
Suhana, C&C 32
Toronto


On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List
mailto:cnc-list@cnc-list.com>> wrote:

Good question.       Â
They never even tried in South Western Ontario.

- Original Message -
From: Bill Coleman via CnC-List
<mailto:cnc-list@cnc-list.com>
To: cnc-list@cnc-list.com <mailto:cnc-list@cnc-list.com>
Sent: Monday, November 10, 2014 1:10 PM
Subject: Stus-List West Marine leaves Canada


  *Wonder why?*




  *Â *




  *West Marine plans exit from Canadian market*





Marine retailer West Marine will close 10 stores in
Canada during the next few years, ending its presence in
the country.

âEURoeWe have some fantastic associates up in Canada.
This was a very difficult decision for us,âEUR West
Marine CEO Matthew Hyde told analysts during a quarterly
earnings call Oct. 23. âEURoeThat said, this is all about
ensuring that when leases come up that weâEUR^(TM)re
making the right determination about where we invest our
money.âEUR

The company has seven leases coming up throughout the
coming year, âEURoeso weâEUR^(TM)re going to be in Canada
for quite some time,âEUR Hyde said.

But the leases that were coming up âEURoedidnâEUR^(TM)t
meet our minimum hurdles,âEUR he said. Also, Canada faces
some additional expenses. âEURoeSo we will be closing our
stores in Canada over the next few years,âEUR Hyde said.

With the exception of the Toronto store, where the
company has the lease termination at the end of this
year, the six additional stores will operate
âEURoebasically through the season,âEUR said CFO Thomas
Moran.

âEURoeAs you can imagine, Canada is a pretty highly
seasonal market. So thatâEUR^(TM)s just a callout about
next year.

But beyond that, the impact on our top-line sales and on
in our contribution and profitability is immaterial [in
2015],âEUR Moran said.



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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Ken Heaton via CnC-List
Also the Yacht Shop, also in Halifax.

Yachtshop.ca

http://shop.yachtshop.ca/

Ken H.

On Monday, 10 November 2014, Graham Collins via CnC-List <
cnc-list@cnc-list.com> wrote:
> Also blyacht.com (Quebec)
>
> Graham Collins
> Secret Plans
> C&C 35-III #11
>
> On 2014-11-10 3:52 PM, Marek Dziedzic via CnC-List wrote:
>
> if you are looking for mail order (internet) stores, there are a few
available on our side of the border:
>
> Marine Outfitters (in Kingston)
> The Chandlery (Ottawa)
> Holland Marine (Mississauga)
> Binnacle (Halifax)
>
> Marek (in Ottawa)
>
> From: Tim Sippel via CnC-List
> Sent: Monday, November 10, 2014 1:44 PM
> To: Stevan Plavsa ; cnc-list@cnc-list.com
> Subject: Re: Stus-List West Marine leaves Canada
>
>
> Always check binnacle.ca
>
>
>
>
>
>
>
> Tim
>
> C&C 33mkii
>  Toronto
>
>
>
> From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of Stevan
Plavsa via CnC-List
> Sent: Monday, November 10, 2014 1:40 PM
> To: Steve Thomas; cnc-list@cnc-list.com
> Subject: Re: Stus-List West Marine leaves Canada
>
>
>
> That's a bummer .. the two marine stores I frequent, West Marine and
Genco. Genco has already closed it's doors on Queens Quay and now when West
Marine closes there will be nowhere to go "in a pinch". Everyone else is
quite a drive for me. What other options are there on Toronto's downtown
waterfront???
>
>
>
> Steve
>
> Suhana, C&C 32
>
> Toronto
>
>
>
>
>
> On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List <
cnc-list@cnc-list.com> wrote:
>
> Good question.
>
> They never even tried in South Western Ontario.
>
> - Original Message -
>
> From: Bill Coleman via CnC-List
>
> To: cnc-list@cnc-list.com
>
> Sent: Monday, November 10, 2014 1:10 PM
>
> Subject: Stus-List West Marine leaves Canada
>
>
>
> Wonder why?
>
>
>
> West Marine plans exit from Canadian market
>
> 
>
> Marine retailer West Marine will close 10 stores in Canada during the
next few years, ending its presence in the country.
>
> “We have some fantastic associates up in Canada. This was a very
difficult decision for us,” West Marine CEO Matthew Hyde told analysts
during a quarterly earnings call Oct. 23. “That said, this is all about
ensuring that when leases come up that we’re making the right determination
about where we invest our money.”
>
> The company has seven leases coming up throughout the coming year, “so
we’re going to be in Canada for quite some time,” Hyde said.
>
> But the leases that were coming up “didn’t meet our minimum hurdles,” he
said. Also, Canada faces some additional expenses. “So we will be closing
our stores in Canada over the next few years,” Hyde said.
>
> With the exception of the Toronto store, where the company has the lease
termination at the end of this year, the six additional stores will operate
“basically through the season,” said CFO Thomas Moran.
>
> “As you can imagine, Canada is a pretty highly seasonal market. So that’s
just a callout about next year.
>
> But beyond that, the impact on our top-line sales and on in our
contribution and profitability is immaterial [in 2015],” Moran said.
>
>
>
>
>
> 
>
> ___
> This List is provided by the C&C Photo Album
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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Graham Collins via CnC-List

Also blyacht.com (Quebec)

Graham Collins
Secret Plans
C&C 35-III #11

On 2014-11-10 3:52 PM, Marek Dziedzic via CnC-List wrote:
if you are looking for mail order (internet) stores, there are a few 
available on our side of the border:

Marine Outfitters (in Kingston)
The Chandlery (Ottawa)
Holland Marine (Mississauga)
Binnacle (Halifax)
Marek (in Ottawa)
*From:* Tim Sippel via CnC-List <mailto:cnc-list@cnc-list.com>
*Sent:* Monday, November 10, 2014 1:44 PM
*To:* Stevan Plavsa <mailto:stevanpla...@gmail.com> ; 
cnc-list@cnc-list.com <mailto:cnc-list@cnc-list.com>

*Subject:* Re: Stus-List West Marine leaves Canada

Always check binnacle.ca

Tim

C&C 33mkii
Toronto <http://www.timeanddate.com/worldclock/city.html?n=250>

*From:*CnC-List [mailto:cnc-list-boun...@cnc-list.com] *On Behalf Of 
*Stevan Plavsa via CnC-List

*Sent:* Monday, November 10, 2014 1:40 PM
*To:* Steve Thomas; cnc-list@cnc-list.com
*Subject:* Re: Stus-List West Marine leaves Canada

That's a bummer .. the two marine stores I frequent, West Marine and 
Genco. Genco has already closed it's doors on Queens Quay and now when 
West Marine closes there will be nowhere to go "in a pinch". Everyone 
else is quite a drive for me. What other options are there on 
Toronto's downtown waterfront???


Steve

Suhana, C&C 32

Toronto

On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List 
mailto:cnc-list@cnc-list.com>> wrote:


Good question.

They never even tried in South Western Ontario.

- Original Message -

*From:*Bill Coleman via CnC-List <mailto:cnc-list@cnc-list.com>

*To:*cnc-list@cnc-list.com <mailto:cnc-list@cnc-list.com>

    *Sent:*Monday, November 10, 2014 1:10 PM

*Subject:*Stus-List West Marine leaves Canada


  Wonder why?


  West Marine plans exit from Canadian market



Marine retailer West Marine will close 10 stores in Canada during
the next few years, ending its presence in the country.

“We have some fantastic associates up in Canada. This was a very
difficult decision for us,” West Marine CEO Matthew Hyde told
analysts during a quarterly earnings call Oct. 23. “That said,
this is all about ensuring that when leases come up that we’re
making the right determination about where we invest our money.”

The company has seven leases coming up throughout the coming year,
“so we’re going to be in Canada for quite some time,” Hyde said.

But the leases that were coming up “didn’t meet our minimum
hurdles,” he said. Also, Canada faces some additional expenses.
“So we will be closing our stores in Canada over the next few
years,” Hyde said.

With the exception of the Toronto store, where the company has the
lease termination at the end of this year, the six additional
stores will operate “basically through the season,” said CFO
Thomas Moran.

“As you can imagine, Canada is a pretty highly seasonal market. So
that’s just a callout about next year.

But beyond that, the impact on our top-line sales and on in our
contribution and profitability is immaterial [in 2015],” Moran said.




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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Jim Watts via CnC-List
I'm surprised they lasted this long. Much of the management at WM regarded
Canada as something akin to a leper colony. Product wasn't available for
import to the stores, the supply chain was ridiculously long, many of the
stores were in odd or difficult locations (cheap rent), prices were
frequently uncompetitive, and at least one of the District Managers was an
ego-driven idiot. Being in store management, I got to see the sales and
profit numbers for all the stores. I'm surprised they lasted this long.
(Echo echo echo).

Jim Watts
Paradigm Shift
C&C 35 Mk III
Victoria, BC

On 10 November 2014 13:53, John McKay via CnC-List 
wrote:

> Genco still has the store further west in Toronto.
>
>
>
>
>   On Monday, November 10, 2014 3:57 PM, Russ & Melody via CnC-List <
> cnc-list@cnc-list.com> wrote:
>
>
>  Hi Steve,
>
> For other options, you could try leaving Toronto... :)
>
> I wonder about the fate of the Nanaimo West Marine store, serving a
> population area of 120,000 or so. Especially with the Harbour Chandler a
> mile from the boats and willing to match Vancouver pricing on everything
> and Internet pricing on many things.
>
> The comment on being "highly seasonal" is a little odd too. I'm just about
> on my way to putter this afternoon on ship's husbandry tasks.
>
>  Cheers, Russ
> *Sweet *35-1
>
>
>
>
> At 10:39 AM 10/11/2014, you wrote:
>
> That's a bummer .. the two marine stores I frequent, West Marine and
> Genco. Genco has already closed it's doors on Queens Quay and now when West
> Marine closes there will be nowhere to go "in a pinch". Everyone else is
> quite a drive for me. What other options are there on Toronto's downtown
> waterfront???
>
> Steve
> Suhana, C&C 32
> Toronto
>
>
> On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List <
> cnc-list@cnc-list.com> wrote:
>  Good question.       Â
> They never even tried in South Western Ontario.
>  - Original Message -
> From: Bill Coleman via CnC-List 
> To: cnc-list@cnc-list.com
> Sent: Monday, November 10, 2014 1:10 PM
> Subject: Stus-List West Marine leaves Canada
>
>
> *Wonder why?*
>
>
> *Â *
>
>
> *West Marine plans exit from Canadian market*
>
> --
>  Marine retailer West Marine will close 10 stores in Canada during the
> next few years, ending its presence in the country.
>
> “We have some fantastic associates up in Canada. This was a very
> difficult decision for us,†West Marine CEO Matthew Hyde told analysts
> during a quarterly earnings call Oct. 23. “That said, this is all about
> ensuring that when leases come up that we’re making the right
> determination about where we invest our money.â€
>
> The company has seven leases coming up throughout the coming year, “so
> we’re going to be in Canada for quite some time,†Hyde said.
>
> But the leases that were coming up “didn’t meet our minimum hurdles,â€
> he said. Also, Canada faces some additional expenses. “So we will be
> closing our stores in Canada over the next few years,†Hyde said.
>
> With the exception of the Toronto store, where the company has the lease
> termination at the end of this year, the six additional stores will operate
> “basically through the season,†said CFO Thomas Moran.
>
> “As you can imagine, Canada is a pretty highly seasonal market. So
> that’s just a callout about next year.
>
> But beyond that, the impact on our top-line sales and on in our
> contribution and profitability is immaterial [in 2015],†Moran said.
>
>
> ___
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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread John McKay via CnC-List
Genco still has the store further west in Toronto.

 

 On Monday, November 10, 2014 3:57 PM, Russ & Melody via CnC-List 
 wrote:
   

 Hi Steve,

For other options, you could try leaving Toronto... :)

I wonder about the fate of the Nanaimo West Marine store, serving apopulation 
area of 120,000 or so. Especially with the Harbour Chandler amile from the 
boats and willing to match Vancouver pricing on everythingand Internet pricing 
on many things. 

The comment on being "highly seasonal" is a little odd too. I'mjust about on my 
way to putter this afternoon on ship's husbandrytasks.

  Cheers,Russ
 Sweet35-1




At 10:39 AM 10/11/2014, you wrote:

That's a bummer .. the twomarine stores I frequent, West Marine and Genco. 
Genco has already closedit's doors on Queens Quay and now when West Marine 
closes there will benowhere to go "in a pinch". Everyone else is quite a drive 
forme. What other options are there on Toronto's downtownwaterfront???

Steve
Suhana, C&C 32
Toronto


On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via 
CnC-Listwrote:
   
  - Good question.        

  - They never even tried in South Western Ontario.
  
 - - Original Message -   

 - From: Bill Coleman viaCnC-List   

 - To:cnc-list@cnc-list.com   

 - Sent: Monday, November 10, 2014 1:10 PM      

     - Subject: Stus-List West Marine leaves Canada  
  
  

 -   
Wonder why?
  
  
  

 -   
 
  
  
  

 -   
West Marine plans exit from Canadian market
  
  

 - Marine retailer West Marine will close 10 stores in Canada during 
thenext few years, ending its presence in the country.  
  

 - “We have some fantastic associates up in Canada. This was a 
verydifficult decision for us,†West Marine CEO Matthew Hyde told 
analystsduring a quarterly earnings call Oct. 23. “That said, this is all 
aboutensuring that when leases come up that we’re making the 
rightdetermination about where we invest our money.† 
  

 - The company has seven leases coming up throughout the coming 
year,“so we’re going to be in Canada for quite some time,†Hydesaid.  
  

 - But the leases that were coming up “didn’t meet our 
minimumhurdles,†he said. Also, Canada faces some additional expenses. “Sowe 
will be closing our stores in Canada over the next few years,†Hydesaid.  
  

 - With the exception of the Toronto store, where the company has 
thelease termination at the end of this year, the six additional stores 
willoperate “basically through the season,†said CFO ThomasMoran.  
  

 - “As you can imagine, Canada is a pretty highly seasonal market. 
Sothat’s just a callout about next year.   
  

 - But beyond that, the impact on our top-line sales and on in 
ourcontribution and profitability is immaterial [in 2015],†Moransaid.  




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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Russ & Melody via CnC-List

Hi Steve,

For other options, you could try leaving Toronto... :)

I wonder about the fate of the Nanaimo West 
Marine store, serving a population area of 
120,000 or so. Especially with the Harbour 
Chandler a mile from the boats and willing to 
match Vancouver pricing on everything and Internet pricing on many things.


The comment on being "highly seasonal" is a 
little odd too. I'm just about on my way to 
putter this afternoon on ship's husbandry tasks.


Cheers, Russ
Sweet 35-1




At 10:39 AM 10/11/2014, you wrote:
That's a bummer .. the two marine stores I 
frequent, West Marine and Genco. Genco has 
already closed it's doors on Queens Quay and now 
when West Marine closes there will be nowhere to 
go "in a pinch". Everyone else is quite a drive 
for me. What other options are there on Toronto's downtown waterfront???


Steve
Suhana, C&C 32
Toronto


On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas 
via CnC-List <<mailto:cnc-list@cnc-list.com>cnc-list@cnc-list.com> wrote:

Good question.       Â
They never even tried in South Western Ontario.
- Original Message -
From: <mailto:cnc-list@cnc-list.com>Bill Coleman via CnC-List
To: <mailto:cnc-list@cnc-list.com>cnc-list@cnc-list.com
Sent: Monday, November 10, 2014 1:10 PM
Subject: Stus-List West Marine leaves Canada



Wonder why?





Â





West Marine plans exit from Canadian market




--
Marine retailer West Marine will close 10 stores 
in Canada during the next few years, ending its presence in the country.


“We have some fantastic associates up in 
Canada. This was a very difficult decision for 
us,” West Marine CEO Matthew Hyde told 
analysts during a quarterly earnings call Oct. 
23. “That said, this is all about ensuring 
that when leases come up that we’re making the 
right determination about where we invest our money.”


The company has seven leases coming up 
throughout the coming year, “so we’re going 
to be in Canada for quite some time,” Hyde said.


But the leases that were coming up “didn’t 
meet our minimum hurdles,” he said. Also, 
Canada faces some additional expenses. “So we 
will be closing our stores in Canada over the next few years,” Hyde said.


With the exception of the Toronto store, where 
the company has the lease termination at the end 
of this year, the six additional stores will 
operate “basically through the season,” said CFO Thomas Moran.


“As you can imagine, Canada is a pretty highly 
seasonal market. So that’s just a callout about next year.


But beyond that, the impact on our top-line 
sales and on in our contribution and 
profitability is immaterial [in 2015],” Moran said.
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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Stevan Plavsa via CnC-List
Hi, yeah I know the online places but they don't qualify as "in a pinch".
I'm talking about those times you need a tube of caulk _now_ because you're
mid project and you just ran out, or hose clamps or whatever. Mail order is
great but not timely. And oh boy, the Dock Shoppe .. those guys in there
have treated me very badly in the past. It is what it is I guess.

Thanks,
Steve
Suhana, C&C 32
Toronto


On Mon, Nov 10, 2014 at 2:52 PM, Marek Dziedzic via CnC-List <
cnc-list@cnc-list.com> wrote:

>   if you are looking for mail order (internet) stores, there are a few
> available on our side of the border:
>
> Marine Outfitters (in Kingston)
> The Chandlery (Ottawa)
> Holland Marine (Mississauga)
> Binnacle (Halifax)
>
> Marek (in Ottawa)
>
>  *From:* Tim Sippel via CnC-List 
> *Sent:* Monday, November 10, 2014 1:44 PM
> *To:* Stevan Plavsa  ; cnc-list@cnc-list.com
> *Subject:* Re: Stus-List West Marine leaves Canada
>
>
> Always check binnacle.ca
>
>
>
>
>
>
>
> Tim
>
> C&C 33mkii
>  Toronto <http://www.timeanddate.com/worldclock/city.html?n=250>
>
>
>
> *From:* CnC-List [mailto:cnc-list-boun...@cnc-list.com] *On Behalf Of *Stevan
> Plavsa via CnC-List
> *Sent:* Monday, November 10, 2014 1:40 PM
> *To:* Steve Thomas; cnc-list@cnc-list.com
> *Subject:* Re: Stus-List West Marine leaves Canada
>
>
>
> That's a bummer .. the two marine stores I frequent, West Marine and
> Genco. Genco has already closed it's doors on Queens Quay and now when West
> Marine closes there will be nowhere to go "in a pinch". Everyone else is
> quite a drive for me. What other options are there on Toronto's downtown
> waterfront???
>
>
>
> Steve
>
> Suhana, C&C 32
>
> Toronto
>
>
>
>
>
> On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List <
> cnc-list@cnc-list.com> wrote:
>
> Good question.
>
> They never even tried in South Western Ontario.
>
>   - Original Message -
>
> *From:* Bill Coleman via CnC-List 
>
> *To:* cnc-list@cnc-list.com
>
> *Sent:* Monday, November 10, 2014 1:10 PM
>
> *Subject:* Stus-List West Marine leaves Canada
>
>
>  Wonder why?   West Marine plans exit from Canadian market
> --
>
> Marine retailer West Marine will close 10 stores in Canada during the next
> few years, ending its presence in the country.
>
> “We have some fantastic associates up in Canada. This was a very difficult
> decision for us,” West Marine CEO Matthew Hyde told analysts during a
> quarterly earnings call Oct. 23. “That said, this is all about ensuring
> that when leases come up that we’re making the right determination about
> where we invest our money.”
>
> The company has seven leases coming up throughout the coming year, “so
> we’re going to be in Canada for quite some time,” Hyde said.
>
> But the leases that were coming up “didn’t meet our minimum hurdles,” he
> said. Also, Canada faces some additional expenses. “So we will be closing
> our stores in Canada over the next few years,” Hyde said.
>
> With the exception of the Toronto store, where the company has the lease
> termination at the end of this year, the six additional stores will operate
> “basically through the season,” said CFO Thomas Moran.
>
> “As you can imagine, Canada is a pretty highly seasonal market. So that’s
> just a callout about next year.
>
> But beyond that, the impact on our top-line sales and on in our
> contribution and profitability is immaterial [in 2015],” Moran said.
>
>
>
>  --
>
> ___
> This List is provided by the C&C Photo Album
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> This communication is confidential. We only send and receive email on the
> basis of the terms set out at www.rogers.com/web/content/emailnotice
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>
>
> Ce message est confidentiel. Notre transmission et réception de courriels
> se fait strictement suivant les modalités énoncées dans l’avis publié à 
> www.rogers.com/aviscourriel
>
> --
>
> --

Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Marek Dziedzic via CnC-List
if you are looking for mail order (internet) stores, there are a few available 
on our side of the border:

Marine Outfitters (in Kingston)
The Chandlery (Ottawa)
Holland Marine (Mississauga)
Binnacle (Halifax)

Marek (in Ottawa)

From: Tim Sippel via CnC-List 
Sent: Monday, November 10, 2014 1:44 PM
To: Stevan Plavsa ; cnc-list@cnc-list.com 
Subject: Re: Stus-List West Marine leaves Canada

Always check binnacle.ca 

 

 

 

Tim 

C&C 33mkii 
 Toronto 

 

From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of Stevan 
Plavsa via CnC-List
Sent: Monday, November 10, 2014 1:40 PM
To: Steve Thomas; cnc-list@cnc-list.com
Subject: Re: Stus-List West Marine leaves Canada

 

That's a bummer .. the two marine stores I frequent, West Marine and Genco. 
Genco has already closed it's doors on Queens Quay and now when West Marine 
closes there will be nowhere to go "in a pinch". Everyone else is quite a drive 
for me. What other options are there on Toronto's downtown waterfront???

 

Steve

Suhana, C&C 32

Toronto

 

 

On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List 
 wrote:

Good question. 

They never even tried in South Western Ontario. 

  - Original Message - 

  From: Bill Coleman via CnC-List 

  To: cnc-list@cnc-list.com 

  Sent: Monday, November 10, 2014 1:10 PM

  Subject: Stus-List West Marine leaves Canada

   

  Wonder why?
   
  West Marine plans exit from Canadian market

--

  Marine retailer West Marine will close 10 stores in Canada during the next 
few years, ending its presence in the country.

  “We have some fantastic associates up in Canada. This was a very difficult 
decision for us,” West Marine CEO Matthew Hyde told analysts during a quarterly 
earnings call Oct. 23. “That said, this is all about ensuring that when leases 
come up that we’re making the right determination about where we invest our 
money.”

  The company has seven leases coming up throughout the coming year, “so we’re 
going to be in Canada for quite some time,” Hyde said.

  But the leases that were coming up “didn’t meet our minimum hurdles,” he 
said. Also, Canada faces some additional expenses. “So we will be closing our 
stores in Canada over the next few years,” Hyde said.

  With the exception of the Toronto store, where the company has the lease 
termination at the end of this year, the six additional stores will operate 
“basically through the season,” said CFO Thomas Moran.

  “As you can imagine, Canada is a pretty highly seasonal market. So that’s 
just a callout about next year. 

  But beyond that, the impact on our top-line sales and on in our contribution 
and profitability is immaterial [in 2015],” Moran said.

   
   


--

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This communication is confidential. We only send and receive email on the basis 
of the terms set out at www.rogers.com/web/content/emailnotice



Ce message est confidentiel. Notre transmission et réception de courriels se 
fait strictement suivant les modalités énoncées dans l’avis publié à 
www.rogers.com/aviscourriel 





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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread ed vanderkruk via CnC-List
The Dock Shoppe has (re)opened in the space vacated by Genco.

Ed
On Nov 10, 2014 1:39 PM, "Stevan Plavsa via CnC-List" 
wrote:

> That's a bummer .. the two marine stores I frequent, West Marine and
> Genco. Genco has already closed it's doors on Queens Quay and now when West
> Marine closes there will be nowhere to go "in a pinch". Everyone else is
> quite a drive for me. What other options are there on Toronto's downtown
> waterfront???
>
> Steve
> Suhana, C&C 32
> Toronto
>
>
> On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List <
> cnc-list@cnc-list.com> wrote:
>
>>  Good question.
>> They never even tried in South Western Ontario.
>>
>> - Original Message -
>> *From:* Bill Coleman via CnC-List 
>> *To:* cnc-list@cnc-list.com
>> *Sent:* Monday, November 10, 2014 1:10 PM
>> *Subject:* Stus-List West Marine leaves Canada
>>
>>  Wonder why?   West Marine plans exit from Canadian market
>> --
>>
>> Marine retailer West Marine will close 10 stores in Canada during the
>> next few years, ending its presence in the country.
>>
>> “We have some fantastic associates up in Canada. This was a very
>> difficult decision for us,” West Marine CEO Matthew Hyde told analysts
>> during a quarterly earnings call Oct. 23. “That said, this is all about
>> ensuring that when leases come up that we’re making the right determination
>> about where we invest our money.”
>>
>> The company has seven leases coming up throughout the coming year, “so
>> we’re going to be in Canada for quite some time,” Hyde said.
>>
>> But the leases that were coming up “didn’t meet our minimum hurdles,” he
>> said. Also, Canada faces some additional expenses. “So we will be closing
>> our stores in Canada over the next few years,” Hyde said.
>>
>> With the exception of the Toronto store, where the company has the lease
>> termination at the end of this year, the six additional stores will operate
>> “basically through the season,” said CFO Thomas Moran.
>>
>> “As you can imagine, Canada is a pretty highly seasonal market. So that’s
>> just a callout about next year.
>>
>> But beyond that, the impact on our top-line sales and on in our
>> contribution and profitability is immaterial [in 2015],” Moran said.
>>
>>
>>
>>
>> --
>>
>> ___
>> This List is provided by the C&C Photo Album
>>
>> Email address:
>> CnC-List@cnc-list.com
>> To change your list preferences, including unsubscribing -- go bottom of
>> page at:
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>>
>>
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>>
>> Email address:
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>> page at:
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>>
>>
>>
>
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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Paul Fountain via CnC-List
Steve

The Dock Shoppe has reopened where Genco was On Queens Quay ….. there is also 
the Chandlery in Bronte (until he has to move)


Paul Fountain
Perception II
1985 C&C 33-II
Newport Yacht Club – Stoney Creek, Ontario



From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of Marek 
Dziedzic via CnC-List
Sent: Monday, November 10, 2014 1:51 PM
To: cnc-list@cnc-list.com
Subject: Re: Stus-List West Marine leaves Canada

I always believed that having West Marine there was an unfair advantage for 
Toronto (;-)

Marek (in Ottawa)

From: Stevan Plavsa via CnC-List<mailto:cnc-list@cnc-list.com>
Sent: Monday, November 10, 2014 1:39 PM
To: Steve Thomas<mailto:sthom...@sympatico.ca> ; 
cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com>
Subject: Re: Stus-List West Marine leaves Canada

That's a bummer .. the two marine stores I frequent, West Marine and Genco. 
Genco has already closed it's doors on Queens Quay and now when West Marine 
closes there will be nowhere to go "in a pinch". Everyone else is quite a drive 
for me. What other options are there on Toronto's downtown waterfront???

Steve
Suhana, C&C 32
Toronto


On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List 
mailto:cnc-list@cnc-list.com>> wrote:
Good question.
They never even tried in South Western Ontario.
- Original Message -
From: Bill Coleman via CnC-List<mailto:cnc-list@cnc-list.com>
To: cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com>
Sent: Monday, November 10, 2014 1:10 PM
Subject: Stus-List West Marine leaves Canada

Wonder why?

West Marine plans exit from Canadian market


Marine retailer West Marine will close 10 stores in Canada during the next few 
years, ending its presence in the country.

“We have some fantastic associates up in Canada. This was a very difficult 
decision for us,” West Marine CEO Matthew Hyde told analysts during a quarterly 
earnings call Oct. 23. “That said, this is all about ensuring that when leases 
come up that we’re making the right determination about where we invest our 
money.”

The company has seven leases coming up throughout the coming year, “so we’re 
going to be in Canada for quite some time,” Hyde said.

But the leases that were coming up “didn’t meet our minimum hurdles,” he said. 
Also, Canada faces some additional expenses. “So we will be closing our stores 
in Canada over the next few years,” Hyde said.

With the exception of the Toronto store, where the company has the lease 
termination at the end of this year, the six additional stores will operate 
“basically through the season,” said CFO Thomas Moran.

“As you can imagine, Canada is a pretty highly seasonal market. So that’s just 
a callout about next year.

But beyond that, the impact on our top-line sales and on in our contribution 
and profitability is immaterial [in 2015],” Moran said.




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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Marek Dziedzic via CnC-List
I always believed that having West Marine there was an unfair advantage for 
Toronto (;-)

Marek (in Ottawa)

From: Stevan Plavsa via CnC-List 
Sent: Monday, November 10, 2014 1:39 PM
To: Steve Thomas ; cnc-list@cnc-list.com 
Subject: Re: Stus-List West Marine leaves Canada

That's a bummer .. the two marine stores I frequent, West Marine and Genco. 
Genco has already closed it's doors on Queens Quay and now when West Marine 
closes there will be nowhere to go "in a pinch". Everyone else is quite a drive 
for me. What other options are there on Toronto's downtown waterfront??? 

Steve
Suhana, C&C 32
Toronto


On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List 
 wrote:

  Good question. 
  They never even tried in South Western Ontario. 
- Original Message - 
From: Bill Coleman via CnC-List 
To: cnc-list@cnc-list.com 
Sent: Monday, November 10, 2014 1:10 PM
Subject: Stus-List West Marine leaves Canada

Wonder why?

West Marine plans exit from Canadian market



Marine retailer West Marine will close 10 stores in Canada during the next 
few years, ending its presence in the country.

“We have some fantastic associates up in Canada. This was a very difficult 
decision for us,” West Marine CEO Matthew Hyde told analysts during a quarterly 
earnings call Oct. 23. “That said, this is all about ensuring that when leases 
come up that we’re making the right determination about where we invest our 
money.”

The company has seven leases coming up throughout the coming year, “so 
we’re going to be in Canada for quite some time,” Hyde said.

But the leases that were coming up “didn’t meet our minimum hurdles,” he 
said. Also, Canada faces some additional expenses. “So we will be closing our 
stores in Canada over the next few years,” Hyde said.

With the exception of the Toronto store, where the company has the lease 
termination at the end of this year, the six additional stores will operate 
“basically through the season,” said CFO Thomas Moran.

“As you can imagine, Canada is a pretty highly seasonal market. So that’s 
just a callout about next year. 

But beyond that, the impact on our top-line sales and on in our 
contribution and profitability is immaterial [in 2015],” Moran said.






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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Tim Sippel via CnC-List
Always check binnacle.ca



Tim
C&C 33mkii
 Toronto<http://www.timeanddate.com/worldclock/city.html?n=250>

From: CnC-List [mailto:cnc-list-boun...@cnc-list.com] On Behalf Of Stevan 
Plavsa via CnC-List
Sent: Monday, November 10, 2014 1:40 PM
To: Steve Thomas; cnc-list@cnc-list.com
Subject: Re: Stus-List West Marine leaves Canada

That's a bummer .. the two marine stores I frequent, West Marine and Genco. 
Genco has already closed it's doors on Queens Quay and now when West Marine 
closes there will be nowhere to go "in a pinch". Everyone else is quite a drive 
for me. What other options are there on Toronto's downtown waterfront???

Steve
Suhana, C&C 32
Toronto


On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List 
mailto:cnc-list@cnc-list.com>> wrote:
Good question.
They never even tried in South Western Ontario.
- Original Message -
From: Bill Coleman via CnC-List<mailto:cnc-list@cnc-list.com>
To: cnc-list@cnc-list.com<mailto:cnc-list@cnc-list.com>
Sent: Monday, November 10, 2014 1:10 PM
Subject: Stus-List West Marine leaves Canada

Wonder why?

West Marine plans exit from Canadian market


Marine retailer West Marine will close 10 stores in Canada during the next few 
years, ending its presence in the country.

“We have some fantastic associates up in Canada. This was a very difficult 
decision for us,” West Marine CEO Matthew Hyde told analysts during a quarterly 
earnings call Oct. 23. “That said, this is all about ensuring that when leases 
come up that we’re making the right determination about where we invest our 
money.”

The company has seven leases coming up throughout the coming year, “so we’re 
going to be in Canada for quite some time,” Hyde said.

But the leases that were coming up “didn’t meet our minimum hurdles,” he said. 
Also, Canada faces some additional expenses. “So we will be closing our stores 
in Canada over the next few years,” Hyde said.

With the exception of the Toronto store, where the company has the lease 
termination at the end of this year, the six additional stores will operate 
“basically through the season,” said CFO Thomas Moran.

“As you can imagine, Canada is a pretty highly seasonal market. So that’s just 
a callout about next year.

But beyond that, the impact on our top-line sales and on in our contribution 
and profitability is immaterial [in 2015],” Moran said.




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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Stevan Plavsa via CnC-List
That's a bummer .. the two marine stores I frequent, West Marine and Genco.
Genco has already closed it's doors on Queens Quay and now when West Marine
closes there will be nowhere to go "in a pinch". Everyone else is quite a
drive for me. What other options are there on Toronto's downtown
waterfront???

Steve
Suhana, C&C 32
Toronto


On Mon, Nov 10, 2014 at 1:29 PM, Steve Thomas via CnC-List <
cnc-list@cnc-list.com> wrote:

>  Good question.
> They never even tried in South Western Ontario.
>
> - Original Message -
> *From:* Bill Coleman via CnC-List 
> *To:* cnc-list@cnc-list.com
> *Sent:* Monday, November 10, 2014 1:10 PM
> *Subject:* Stus-List West Marine leaves Canada
>
>  Wonder why?   West Marine plans exit from Canadian market
> --
>
> Marine retailer West Marine will close 10 stores in Canada during the next
> few years, ending its presence in the country.
>
> “We have some fantastic associates up in Canada. This was a very difficult
> decision for us,” West Marine CEO Matthew Hyde told analysts during a
> quarterly earnings call Oct. 23. “That said, this is all about ensuring
> that when leases come up that we’re making the right determination about
> where we invest our money.”
>
> The company has seven leases coming up throughout the coming year, “so
> we’re going to be in Canada for quite some time,” Hyde said.
>
> But the leases that were coming up “didn’t meet our minimum hurdles,” he
> said. Also, Canada faces some additional expenses. “So we will be closing
> our stores in Canada over the next few years,” Hyde said.
>
> With the exception of the Toronto store, where the company has the lease
> termination at the end of this year, the six additional stores will operate
> “basically through the season,” said CFO Thomas Moran.
>
> “As you can imagine, Canada is a pretty highly seasonal market. So that’s
> just a callout about next year.
>
> But beyond that, the impact on our top-line sales and on in our
> contribution and profitability is immaterial [in 2015],” Moran said.
>
>
>
>
> --
>
> ___
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Re: Stus-List West Marine leaves Canada

2014-11-10 Thread Steve Thomas via CnC-List
Good question. 
They never even tried in South Western Ontario. 
  - Original Message - 
  From: Bill Coleman via CnC-List 
  To: cnc-list@cnc-list.com 
  Sent: Monday, November 10, 2014 1:10 PM
  Subject: Stus-List West Marine leaves Canada


  Wonder why?
   
  West Marine plans exit from Canadian market

--

  Marine retailer West Marine will close 10 stores in Canada during the next 
few years, ending its presence in the country.

  "We have some fantastic associates up in Canada. This was a very difficult 
decision for us," West Marine CEO Matthew Hyde told analysts during a quarterly 
earnings call Oct. 23. "That said, this is all about ensuring that when leases 
come up that we're making the right determination about where we invest our 
money."

  The company has seven leases coming up throughout the coming year, "so we're 
going to be in Canada for quite some time," Hyde said.

  But the leases that were coming up "didn't meet our minimum hurdles," he 
said. Also, Canada faces some additional expenses. "So we will be closing our 
stores in Canada over the next few years," Hyde said.

  With the exception of the Toronto store, where the company has the lease 
termination at the end of this year, the six additional stores will operate 
"basically through the season," said CFO Thomas Moran.

  "As you can imagine, Canada is a pretty highly seasonal market. So that's 
just a callout about next year. 

  But beyond that, the impact on our top-line sales and on in our contribution 
and profitability is immaterial [in 2015]," Moran said.

   
   



--


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Stus-List West Marine leaves Canada

2014-11-10 Thread Bill Coleman via CnC-List

Wonder why?


 


West Marine plans exit from Canadian market

  _  


Marine retailer West Marine will close 10 stores in Canada during the next
few years, ending its presence in the country.

"We have some fantastic associates up in Canada. This was a very difficult
decision for us," West Marine CEO Matthew Hyde told analysts during a
quarterly earnings call Oct. 23. "That said, this is all about ensuring that
when leases come up that we're making the right determination about where we
invest our money."

The company has seven leases coming up throughout the coming year, "so we're
going to be in Canada for quite some time," Hyde said.

But the leases that were coming up "didn't meet our minimum hurdles," he
said. Also, Canada faces some additional expenses. "So we will be closing
our stores in Canada over the next few years," Hyde said.

With the exception of the Toronto store, where the company has the lease
termination at the end of this year, the six additional stores will operate
"basically through the season," said CFO Thomas Moran.

"As you can imagine, Canada is a pretty highly seasonal market. So that's
just a callout about next year. 

But beyond that, the impact on our top-line sales and on in our contribution
and profitability is immaterial [in 2015]," Moran said.


 


 

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