The Dock Shoppe has (re)opened in the space vacated by Genco.

Ed
On Nov 10, 2014 1:39 PM, "Stevan Plavsa via CnC-List" <cnc-list@cnc-list.com>
wrote:

> 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.
>>
>>
>>
>>
>> ------------------------------
>>
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>
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