In Defense of West Marine (ARRRGHHH!!)
As much as it pains me to say it, I have to give credit to West Marine for reopening their store in New Orleans. Their store was flooded in the Levee Fiasco following Katrina, and they just had their grand opening in February of this year. They reopened in the same location, and the store is fully stocked and looks better than it did before. Of course, the prices are the same as other WM stores, but they are here and that counts for a lot when you are trying to get a city back on its feet. But man, the prices!!!...I'm trying to support businesses that reopen in the area...but I still have my Defender and Hamilton marine catalogs when I can't stand it..Actually, I think that WM pricing structure will hurt it in the long run..yes, they did a debt deal and bought up all the competition so they could increase their prices...but now they MUST increase their prices to service the expansion costs, and the internet gets easier to use every year. CalebD and others make a good point, but I wonder how successful in the long run a business can be that opens itself up for price competition as part of its business plan, when the market for marine goods is limited and their are many substitute products available? If the majority of what they end up selling are things you need at the moment (nuts, bolts, caulking, replacement for things that break you must replace quickly) and the majority of large ticket things are bought from other sources, how can that be good for their overall cash flow? All the same...thanks for reopening the West Marine store on Harrison Avenue in New Orleans..the boaters of N.O. thank you.