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    • 8 Florida West Marine Stores Closing (Nationwide List) – Loose Cannon

      Cruisers Net publishes Loose Cannon articles with Captain Swanson’s permission in hopes that mariners with saltwater in their veins will subscribe. $7 per month or $56 for the year; you may cancel at any time.

       
       
         
       
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      8 Florida West Marine Stores Closing (Nationwide List)

      Five Each in Michigan, Washington and California; Bonuses for Execs

       
       
       
       
       

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      Florida got hit the worst as a bankrupt West Marine closes 56 stores nationwide. As the headline says, Michigan, Washington and California followed with five closings in each.

      Additionally four stores each in Maryland and South Carolina, and three stores in Ohio and New Jersey. In all, 23 states lost at least one store. (List below)

      Meanwhile Trade Only Today is reporting that company’s former chief executive officer received a $1.2 million bonus and that current CEO Paulee Day received an undisclosed amount of “retention bonus” money 16 days before the company filed for bankruptcy in mid-May.

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      List of Stores To Close

         

      LOOSE CANNON covers hard news, technical issues and nautical history. Sometimes he tries to be funny. Subscribe for free to support the work. If you’ve been reading for a while—and you like it—consider upgrading to paid.

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