West endures a bad quarter, loss of its CEO

Article Abstract:

West Marine Inc.'s founder and chairman Randy Repass took the chief executive post at the company after then CEO Crawford Cole suddenly resigned. The executive change followed the company's announcement that earnings for the second quarter of 1998 would be below analysts expectations of between 47 and 52 cents a share. The company cited poor weather, problems at its distribution center in South Carolina and a drop in catalog sales as the reason for the lower income. Meanwhile, sales at the company's stores open at least a year increased by 4.6% in the quarter and 1.2% for the five-week period ended Jul. 5, 1998.

Comment:

Founder and chairman Randy Repass took the chief executive post at the company after then CEO Crawford Cole suddenly resigned

Boat & Marine, Retail, Boat Dealers, West Marine Inc., Article

NMMA board may select new president at IMTEC

Article Abstract:

The National Marine Manufacturers Assn (NMMA) board of directors may vote on the last day of the 1998 International Marine Trades Exhibit and Conference, as to who would succeed Jeff Napier as the organization's president. Still, the NMMA would be three months behind schedule, even if it decides to find a successor for Napier. NMMA Acting Pres Ham Hamberger said the organization is just being extra careful. He added that they are looking for somebody with strong management and social skills.

Business Associations, Trade Associations

If it's fun you're selling, you mix work and play

Article Abstract:

The advantages of mixing pleasure and work are enumerated by Stuart Fraser, owner of Clark Marine, Tenn., Earl Bentz, founder of Triton Boats Inc., and Norm Schultz, vice president, Lake Erie Marine Trades Association.

Management dynamics, All Other Amusement and Recreation Industries, AMUSEMENT & RECREATION SERVICES, Recreational Boating, Management, Officials and employees, Beliefs, opinions and attitudes, Leisure industry, Executives, Company business management, Boats and boating, Boating, Bentz, Earl, Fraser, Stuart, Schultz, Norm