Search results

HOLLAND, Mich. — Tiara Yachts will lay off 300 of its 400 employees for at least a month, according to a report from Michigan's Grand Rapids Press. These layoffs are not the same as the permanent cuts that were made last year, and Tiara hopes to be able to call all of the employees back, the...

VONORE, Tenn. — MasterCraft Boat Co. has laid off 110 workers at its East Tennessee manufacturing facility effective immediately and without severance, the Knoxville News Sentinel reported over the weekend. The cuts are due to the decline in wholesale credit, MasterCraft President and CEO John...

MIAMI, Fla. – Unit sales of powerboats 15 feet in length and above dropped about 30 percent during the 12-month period ended Jan. 31, compared to the prior 12 months, according to Info-Link Technologies Inc.’s Bellwether Report, which has been updated through January. The graphs can be viewed...

ROCKAWAY, N.J. — Pettit Marine Paint has developed its own "economic stimulus package" for customers in the form of a $20 rebate, it said in a statement this week. Customers are eligible receive a $20 per gallon manufacturer mail-in rebate with the purchase of up to two gallons of Pettit...

MANATEE COUNTY, Fla. – The National Park Service filed a federal lawsuit against Marlow Marine Sales in Palmetto, Fla., this month for an incident that occurred in 2006 when a 72-foot yacht from the dealership, bound for the Miami Boat Show, ran aground and allegedly damaged an environmentally...

WASHINGTON — More than $740 million in Wildlife and Sport Fish Restoration Program funds will be distributed in the U.S. to fund fish and wildlife conservation, boater access to public waters and hunter and aquatic education in 2009, Ken Salazar, secretary of the U.S. Department of the Interior...

CAYMAN ISLANDS – Marine segment revenue at Garmin Ltd. (Nasdaq: GRMN) was flat at $33 million during the fourth quarter ended Dec. 27, the company reported in a statement yesterday morning. Total company revenue declined 14 percent in the quarter to $1.048 billion, largely due to a drop in its...

BELTSVILLE, Md. — Ritz Camera Centers Inc., the largest U.S. camera-store chain and owner of boating-and-fishing supplier Boater’s World, has filed for bankruptcy protection, blaming the recession and the transition to digital photography, according to a report on Bloomberg.com. Digital...

RENO, Nev. – Online firm IpAuctions Inc. will auction 10 unique yacht designs created by luxury yacht designer Tom Fexas that are currently owned by his estate, the company reported in a recent release. The winning bidders will have the right to use the designer’s name in the boat as a brand...

EDGEWATER, Fla. — Everglades Boats is reporting retail sales totaling more than $3 million during the Atlanta, Atlantic City and Miami International Boat Shows and those results may indicate some market stabilization, Everglades Vice President of Sales Greg Allen in a statement Thursday. “I am...

MIAMI, Fla. — The average number of problems has steadily declined for both Direct Injection and Electronic Fuel Injection outboard engines since 2005, according to the J.D. Power and Associates 2009 Marine Engine Competitive Information Study released Thursday. In 2009, DI engines averaged 73...

MIAMI, Fla. — The latest edition of a customer satisfaction and quality study across the new boat industry shows significant gains, according to a report released by J.D. Power and Associates on Thursday at the Miami International Boat Show. The 2009 Boat Competitive Information Study, now in...

MIAMI, Fla. — Despite what NMMA President Thom Dammrich referred to as the "perfect storm for boating" this past year in which the drop in sales has been faster and deeper than anticipated, his State of the Industry speech at the Miami International Boat Show yesterday wasn't all doom and gloom...

SIOUX FALLS, S.D. – New boat sales made by the average dealer tracked by Spader Business Management fell by 23.3 percent in 2008, when compared to 2007, the company recently reported. This compares to the 28-percent decline forecast for the U.S. powerboat market 15 feet in length and above by...

ST. PETERSBURG, Fla. — Four principals long on marine-industry experience have come together to form Statement Marine, a new performance boat builder that will introduce two new models at the 2009 Miami International Boat Show, the company said in its first release. Statement grew out of...

OCONTO, Wis. – Cruisers Yachts is ceasing production for a month because of the economy and a sales decline of recreational vehicles, The Associated Press reported in a story on the Minneapolis Star Tribune Web site this week. KCS International President Jim Viestenz said employees were placed...

MIAMI, Fla. – Unit sales of powerboats 15 feet in length and above dropped about 28 percent in 2008, compared to 2007, according to Info-Link Technologies Inc.’s Bellwether Report, which has been updated through December. The graphs can be viewed at: www.info-link.com/bellwetherreport.asp...

CHARLESTON, S.C. — Attendance for the Charleston Boat Show was down "only a small percentage from 2008," according to Boat Show Producer Jacqui Bomar. "We are thrilled that the current recession did not have a significant negative impact on the show’s attendance or the number of transactions,"...

ORANGE PARK, Fla. — GEM Products Inc. and Marine Hardware Inc. have formed a strategic business alliance and distribution agreement, the companies said in a statement. Effective immediately, all Marine Hardware products will be exclusively distributed by GEM Products in the Southeast, the...

RACINE, Wis. — Johnson Outdoors Inc. recently reported first quarter net sales of $69.8 million, an 8.2 percent decline compared to net sales of $76 million for the same quarter last year, according to the company. The company’s first quarter ended Jan. 2. Marine electronics revenues were 3.9...