Nice to see some good news in the industry from a big company that really does try to connect to the community.
West Marine reported an increase in net income and net revenues for fiscal 2011 and announced it ended the year debt-free. “Our strong results for 2011 reflect continued progress in executing our focused strategies to drive higher sales and profit and position us very well for 2012,” West Marine CEO Geoff Eisenberg said in a statement. “Due to the success of our many initiatives, from our new store formats to our new merchandise assortments, we have a great deal of optimism about our future.” From Soundings Trade Only. Read on.