West Marine Reports Increase in Net Sales

Watsonville, Calif.-based West Marine Inc. reported that net sales for the four weeks ended April 28, 2001 were $51.1 million, a 4.9 percent increase from net sales of $48.7 million for the same period a year ago.

Comparable store net sales for the four weeks ended April 28, 2001 increased 5.3 percent from the same period a year ago. Net sales for the seventeen weeks ended April 28, 2001 were $140.9 million, a decrease of 2.9 percent from net sales of $145.0 million for the same period a year ago. Comparable store net sales for the latest seventeen weeks decreased 3.6 precent compared to the same period a year ago.

With 238 stores in 38 states and Puerto Rico, West Marine’s worldwide catalog business offers almost 50,000 products, and has a growing presence on the Internet. West Marine’s Port Supply division is a major wholesale distributor of marine equipment, serving boat manufacturers, marine services, commercial vessel operators and government agencies.