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 <cnc-list@cnc-list.com> > *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: > http://cnc-list.com/mailman/listinfo/cnc-list_cnc-list.com > > > _______________________________________________ > 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: > http://cnc-list.com/mailman/listinfo/cnc-list_cnc-list.com > > >
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