All articles by Craig Ritchie – Page 91
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NewsPolaris reports Q2 revenue declines
Polaris reported sales of US$132.2m for its boat business in the second quarter, marking a 28% year-over-year decline from the $182.4m reported for Q2 2019 Minneapolis, US-based boat and powersports equipment manufacturer Polaris Inc reported a 15% decline in second-quarter revenues today, driven by double-digit declines in ...
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NewsProposed 5G network could compromise GPS signals in the US
Critics of the proposed Ligado 5G system say its terrestrial antennae network would generate a powerful enough signal to overpower satellite-based GPS transmitters, which operate on adjacent frequencies A growing body of legislators and industry associations in the US are raising red flags over a proposed 5G ...
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NewsFirst-time boat buyers up 34% in US
New empirical data confirms anecdotal reports of high numbers of new boaters entering US market
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InterviewIBI interview with MarineMax CEO Brett McGill (trailer)
In the latest installment of the IBI Interview, IBI contributor Craig Ritchie speaks with Brett McGill, CEO of mega boat retailer MarineMax about significant shifts emerging out of the Covid-19 crisis and the role technology and digital investments are playing in the company’s business model. In this excerpt, McGill discusses ...
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VideoIBI speaks with MarineMax CEO Brett McGill
IBI contributor Craig Ritchie speaks with Brett McGill, CEO of America’s largest boat retailer about how the company’s digital strategy and investments over the past ten year have paid off during the Covid crisis, the significant shift in consumer appetite to get out on the water, and some of the ...
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NewsRecord Q3 revenues for MarineMax
Clearwater, Florida-based boat and yacht retailer MarineMax reported record revenues for its third quarter of 2020, fuelled by a 37% year-over-year bump in same-store sales. For the quarter ended June 20, 2020, the company reported revenues of US$498.3m, marking a 30% year-over-year increase from the $383.4m in revenues earned during ...
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NewsDometic Q2 sales down 38%
Swedish equipment manufacturer reports hefty declines followed by encouraging trends in “extraordinary” second quarter
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NewsWaterline Systems expands with southeast US location
US boatbuilder adds second production and service facility in former Hatteras plant
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NewsSeakeeper appoints Canadian distributor
Seakeeper Inc has signed a new distribution agreement with Toronto-based Wajax Corp to exclusively represent the company’s full line of gyroscopic marine stabilisation devices in Canada east of British Columbia.
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NewsCovid-19 hurts Q2 sales and earnings for Volvo Group
Volvo Penta business down 32% year-over-year, but CEO Lundstedt confident current transformations will position company to leverage new opportunities
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NewsCanadian electric PWC builder expands product line
Taiga Motors unveils two new models with retail prices starting at US$15,000 in bid to gain mass market traction
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NewsJohnson Outdoors takes three new product awards at virtual ICAST
Wisconsin, US-based marine equipment manufacturer Johnson Outdoors picked up three awards on Wednesday evening as organisers of the International Convention of Allied Sportfishing Trades (ICAST) trade show announced the category winners in the event’s annual New Product Showcase.
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NewsAtlantic Cruising Yachts enters into expansion partnership
Prominent US yacht dealership Atlantic Cruising Yachts (ACY) announced this week that it has entered into a new partnership venture to expand its footprint into the affluent Gulf Coast market.
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NewsUS boat sales up 59% in May
The National Marine Manufacturers Association (NMMA) released new data on Wednesday confirming a surge in US boat sales for the month of May, with volumes rebounding by 59% over April’s numbers and growth observed across virtually every product category.
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NewsCampion Marine reinvents itself with all-new 2021 line-up
Canadian boatbuilder on track for long-term growth goals with complete line refresh featuring multiple new models
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NewsLand ‘N’ Sea replaces all 2020 dealer trade shows with virtual events
Land ‘N’ Sea wholesale distribution division to replace four P&A shows scheduled for this fall across North America
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NewsNorth American industry gears up for July 1 implementation of USMCA trade deal
NAFTA-replacement aims to simplify cross-border shipment of goods while adding intellectual property protections
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NewsWinnebago reports Q3 results
March to May period deeply impacted by Covid-19, yet YTD operating cash flow up 96% YOY
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NewsLippert Components’ CEO Jason Lippert – The 15-Minute Read
Not watched the video yet? Check out the edited transcript highlights of IBI’s recent interview with Jason Lippert and learn about the benefits of experienced leadership, the growth of powered stuff and why this is a key time for the industry to focus on quality.
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InterviewInterview with Jason Lippert of Lippert Components (trailer)
In the latest installment of the IBI Interview, Craig Ritchie speaks with Jason Lippert, CEO of Lippert Componet Industries (LCI), the US and Europe-based component manufacturer whose broad portfolio includes Taylor Made, Lewmar and Power Arm – strategic acquisitions made in the last 18 months to provide the company with ...
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