West Marine posted net income of $400,000 for the third quarter, compared to net income of $2 million n the prior-year.
The cataloger reported net sales of $195.6 million for the quarter ended Sept. 30, a 3.7% increase over last year.
The Watsonville, CA firm said its same-store sales for the third quarter rose 2.4%, but it remains “cautious with regard to the boating supply retail environment,” and that its store-closing program is “proceeding on track and our cost structure has been reduced.”
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