All articles by Craig Ritchie – Page 95
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NewsMasterCraft buys former Sea Ray plant
Newly-acquired Florida facility to handle all production for upscale Aviara day boat line
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NewsNew CEO for Sailfish Boats
Georgia, US-based fibreglass boatbuilder Sailfish Boats announced late last week that it has named marine industry veteran Rob Parmentier as its new president and CEO with immediate effect.
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NewsMPI names new rep group for eastern US, Canada
Atlantic Marketing to handle distribution, representation for US plastic and rubber hose maker
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NewsTrump resumes trade war with Canada
It’s Déjà vu for the North American boat industry as US president Donald Trump announces a new 10% tariff on Canadian aluminium, while Canada vows to retaliate
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NewsFire flattens US boat trailer plant
HLT Limited moves production to newly-acquired second location, expects minimal production delays
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NewsGarmin inks supply deal with Avalon and Tahoe Boats
Garmin International Inc announced early this week that it has completed an exclusive supply agreement with Michigan, US-based Avalon and Tahoe Manufacturing Inc.
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NewsAppointment at Mastercraft Boat Holdings
Scott Womack named president of NauticStar fibreglass fishing boat brand
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NewsLippert reports mixed Q2 results, together with surging summer demand
The US-based component supplier saw sales declines related to OEM shutdowns early in the second quarter, offset by a 109% jump in aftermarket sales and surging June and July retail demand in the outdoor-leisure segment
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NewsScania targets US cruising yacht market with two new engines
Introduction of new 900hp and 1,150hp diesels aims to grow footprint in North American leisure marine segment
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NewsJohnson Outdoors Q3 revenues down 21%
Strong demand for fishing products through May and June not enough to offset impact of April Covid-19 shutdowns
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NewsTough Q2 for Cummins Inc
US engine manufacturer records largest quarterly revenue decline in its history Covid-19 shuts down OEM customers worldwide
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NewsGarmin marine sales up 4% in Q2, while overall revenues drop 9%; CEO comments
A surge in its marine business helps offset higher declines in Garmin’s automotive, aviation and outdoor segments
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NewsMarine Products Corp records 58% Q2 sales decline
Sales, profits down sharply in the second quarter of 2020 as Covid-19 shutdowns impact US fibreglass boatbuilder, but strong June sales point to a brighter Q3
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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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