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Article: West Marine Reports Katrina Impact and Updates 2005 Guidance; All Associates Believed to Be Safe, but 2005 Earnings Guidance Is Lowered.
- Article from:
- Business Wire
- Article date:
- September 12, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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WATSONVILLE, Calif. -- West Marine, Inc. (Nasdaq:WMAR) announced today that to their knowledge, all Company associates are safe, but four West Marine stores were destroyed by Hurricane Katrina. An additional nine West Marine stores and BoatU.S. Marine Centers were damaged but are currently operating, some functioning on portable generator power.
"As far as we've been able to ascertain, all West Marine and BoatU.S. Marine Center teams and their families are accounted for and healthy. Our hearts and prayers go out to our associates, customers, vendor partners and others whose lives have been disrupted by this devastating tragedy," said Peter Harris, West Marine's ...