www.iFourWinns.com

Dedicated to Current and Future Owners
It is currently Sat May 03, 2025 5:52 pm

View unanswered posts | View active topics


Board index » The Lobby » Boating Banter

All times are UTC - 6 hours [ DST ]



Post new topic Reply to topic  Page 1 of 3
  [ 39 posts ]  Go to page 1, 2, 3  Next
  Print view Previous topic | Next topic 
Author Message
Cap'n Morgan
PostPosted: Fri Mar 20, 2009 9:20 am 
Offline
268 Vista

Joined: Tue May 16, 2006 9:49 am
Posts: 4989
Location: West Michigan
We only have one store about 45 miles from here, but for any of you that were regular customers at your local Boater's World it will be sad to see them go. In the meantime, there might be a few deals to find during the liquidation.

Quote:
Boater's World to be liquidated

By IBI Magazine

The assets of 129 Boater's World stores will be liquidated by the company that submitted the largest bid for the retail chain. Boater's World parent company, Ritz Camera Centers, should collect about US$40m from the sale.

According to the Baltimore Sun, Gordon Brothers Group LLC was given permission by US Bankruptcy Judge Mary Walrath to liquidate the chain's assets. They were the highest bidders from Tuesday's auction. Ritz attorney Irving Walker told Walrath in a hearing yesterday that the sale was in "the best interest" of the creditors.

In its bid, Gordon Brothers guaranteed that Ritz would collect at least 90 per cent of the value of the goods sold during the liquidation. According to its website, Gordon Brothers Group conducts over US$40bn in annual transactions and appraisals in over 15 offices worldwide.

A spokesman at Boater's World was unavailable for comment.

(20 March 2009)

_________________
One of 4 Previous (Sold) Boats:
2000 Four Winns 268 Vista
Image
Current Boat: 2004 Chaparral 235 ssi cuddy
Image
Top
 Profile  
 
captwalt
PostPosted: Fri Mar 20, 2009 9:24 am 
Offline
email admin your custom rank

Joined: Mon Aug 06, 2007 9:02 am
Posts: 616
Location: Miami, FL
do they have a total of 129 stores or is this 129 of X stores will be liquidated?

_________________
Walter
Image
2003 248 Vista - VP 5.0 GXi
2009 Toyota Tundra SR5 5.7L 4x4
Top
 Profile  
 
Cap'n Morgan
PostPosted: Fri Mar 20, 2009 9:34 am 
Offline
268 Vista

Joined: Tue May 16, 2006 9:49 am
Posts: 4989
Location: West Michigan
They have/had 129 stores that will liquidate their merchandise over the next few months. They hope to have all done by June 1st. Initial discount should be about 30% and increasing as their inventory is depleted.

http://www.baltimoresun.com/business/ba ... 0065.story

_________________
One of 4 Previous (Sold) Boats:
2000 Four Winns 268 Vista
Image
Current Boat: 2004 Chaparral 235 ssi cuddy
Image
Top
 Profile  
 
cougarcruiser
PostPosted: Fri Mar 20, 2009 9:39 am 
Offline
All Night Long
User avatar

Joined: Fri Jul 06, 2007 12:03 am
Posts: 1899
Location: Lake Washington, Seattle, WA
any idea when the liquidation will start?

_________________
Image
2008 318 Vista -SOLD, but I am still around!
All Night Long, Seattle WA
Top
 Profile  
 
Cap'n Morgan
PostPosted: Fri Mar 20, 2009 9:53 am 
Offline
268 Vista

Joined: Tue May 16, 2006 9:49 am
Posts: 4989
Location: West Michigan
cougarcruiser wrote:
any idea when the liquidation will start?


Just some rumors that it will start this Saturday. Not confirmed however.

http://www.boatersworldstores.com/

_________________
One of 4 Previous (Sold) Boats:
2000 Four Winns 268 Vista
Image
Current Boat: 2004 Chaparral 235 ssi cuddy
Image
Top
 Profile  
 
millhaven_nice_guy
PostPosted: Fri Mar 20, 2009 11:25 am 
Offline
email admin your custom rank

Joined: Wed Dec 12, 2007 3:56 pm
Posts: 1046
Location: Millhaven, ON
I think that rumour is just wishful thinking.... The liquidators will have to move in, inventory, markdown, establish workers etc... I would guess in two weeks minimum.

_________________
Marc, Kathlin & Nathalie

Image
'89 Chaparral Laser 32

'93 Vista 245, 5.8L w/ King Cobra

Former Boats
'01 H260, 7.4 VP Duoprop
'98 H200, 5.0 GL w/VP SX drive
Top
 Profile  
 
Cap'n Morgan
PostPosted: Fri Mar 20, 2009 11:39 am 
Offline
268 Vista

Joined: Tue May 16, 2006 9:49 am
Posts: 4989
Location: West Michigan
millhaven_nice_guy wrote:
I think that rumour is just wishful thinking.... The liquidators will have to move in, inventory, markdown, establish workers etc... I would guess in two weeks minimum.


Could be, but I have read this morning on some blogs that the sale in the Wilmington store started this morning. Other reports at a few stores indicate the sale is on now as well.
When Circuit City liquidated recently, they did not have to hire workers, used their own employees, marked down everything 30% at the cash register, and started clearing out displays and fixtures as they were emptied.
Only one way to find out for sure, check your local Boater's World.

_________________
One of 4 Previous (Sold) Boats:
2000 Four Winns 268 Vista
Image
Current Boat: 2004 Chaparral 235 ssi cuddy
Image
Top
 Profile  
 
Graham R
PostPosted: Fri Mar 20, 2009 12:04 pm 
Offline
email admin your custom rank

Joined: Thu May 18, 2006 12:31 pm
Posts: 2108
Location: Chester, UK
That's a shame; where will I go for my Boating store "fix" when I'm next in Orlando ?

Graham
Top
 Profile  
 
M3eater
PostPosted: Fri Mar 20, 2009 12:05 pm 
Offline
email admin your custom rank
User avatar

Joined: Wed Apr 23, 2008 12:14 pm
Posts: 906
Location: New Hampshire
Ritz is also in Chapter-11 ....... and I would imagine will eventually liquidate.

http://www.dpreview.com/news/0902/09022403ritzcameras.asp

_________________
Gordon Arnold
New Hampshire

2003 268 Vista ..................................................................Prior: 97 245 Sundowner
Image
Top
 Profile  
 
cougarcruiser
PostPosted: Fri Mar 20, 2009 12:19 pm 
Offline
All Night Long
User avatar

Joined: Fri Jul 06, 2007 12:03 am
Posts: 1899
Location: Lake Washington, Seattle, WA
I just called my local Boatersworld. This is all confirmed and the liquidation sale starts today!

Today -- woo hoo -- a whopping 10% off!

They said it will ramp up to 30% over the next week.

_________________
Image
2008 318 Vista -SOLD, but I am still around!
All Night Long, Seattle WA
Top
 Profile  
 
millhaven_nice_guy
PostPosted: Fri Mar 20, 2009 12:30 pm 
Offline
email admin your custom rank

Joined: Wed Dec 12, 2007 3:56 pm
Posts: 1046
Location: Millhaven, ON
I'm surprised at how quick the liquidation is starting but am glad for you U.S. guys... As far as I know they don't have a location close to me even just across the border.

I have a hard time swallowing West Marine's prices right now imagine next year when they don't have this competition?

If I were close to a Boater's World, I would be visiting my local store and eyeballing all the "goodies" I want and then going back everyday to check on discount vs. stock....When stock gets low jump on the items one by one and don't look back. Get to know one or two of the clerk's and make sure they check the warehouse when you are looking for the stock counts. For example, if it's the last item and you really want it and the price fits your budget-- BUY IT! If there's 6 left and it's not a "hot" item....wait for the next discount level. Your new buddy may be able to tell you when that is coming up! :lol:

_________________
Marc, Kathlin & Nathalie

Image
'89 Chaparral Laser 32

'93 Vista 245, 5.8L w/ King Cobra

Former Boats
'01 H260, 7.4 VP Duoprop
'98 H200, 5.0 GL w/VP SX drive
Top
 Profile  
 
captwalt
PostPosted: Fri Mar 20, 2009 12:41 pm 
Offline
email admin your custom rank

Joined: Mon Aug 06, 2007 9:02 am
Posts: 616
Location: Miami, FL
I just went by during lunch. 10-30% off everything.

_________________
Walter
Image
2003 248 Vista - VP 5.0 GXi
2009 Toyota Tundra SR5 5.7L 4x4
Top
 Profile  
 
mkivbren
PostPosted: Fri Mar 20, 2009 1:28 pm 
Offline
AGE < LOA

Joined: Tue Mar 13, 2007 8:53 pm
Posts: 739
I was in there this week and the mgr was hopeful they'd be bought out and it would be business as usual. They had a pretty good sale on their Bombard dinghy's but she said that their license expired friday (today) and after today they'd have to pull it off the shelf. I guess I'd then have to deal with warranty issues directly through zodiac now if I were to buy it.
Top
 Profile  
 
aguyindallas
PostPosted: Fri Mar 20, 2009 2:48 pm 
Offline
Nauti Luv

Joined: Mon Jan 05, 2009 9:55 am
Posts: 2186
Location: Little Elm - Lake Lewisville TX
Two Things:

1. This is really sad to see another big company fail due to our economy, it really is.

2. Have you seen a "liquidation sale"? Its an absolute joke! The liquidation company comes in, marks everything up to FULL MSRP, THEN they discount from there. Its such a bunch of crap. Anybody see how the Circuit City liquidation went down? 42LCD TV's, liquidation priced HIGHER than they were for sale prior to bankruptcy in the same store.

_________________
Current Boat:
2004 Sea Ray 320 Sundancer "Nauti Luvin'"

Previous Boats:
1999 298 Vista "Seas The Day"
2008 H200SS "Nauti Luv"
2006 Tahoe Q4
Top
 Profile  
 
scottmph
PostPosted: Fri Mar 20, 2009 4:10 pm 
Offline
I fix stuff

Joined: Wed Jun 21, 2006 3:40 pm
Posts: 375
Location: Euless (TX)
aguyindallas wrote:
Two Things:

1. This is really sad to see another big company fail due to our economy, it really is.

2. Have you seen a "liquidation sale"? Its an absolute joke! The liquidation company comes in, marks everything up to FULL MSRP, THEN they discount from there. Its such a bunch of crap. Anybody see how the Circuit City liquidation went down? 42LCD TV's, liquidation priced HIGHER than they were for sale prior to bankruptcy in the same store.


exactly - I had a bud who thought he got a good deal on a large LCD till he researched online... smoke was coming out his ears, really.

_________________
2006 FW 203 FS
2005 Dodge Laramie 1500
2003 CRF 247F SuperMoto racer
2001 CBR1100XX
Top
 Profile  
 
Display posts from previous:  Sort by  
Post new topic Reply to topic  Page 1 of 3
  [ 39 posts ]  Go to page 1, 2, 3  Next

Board index » The Lobby » Boating Banter

All times are UTC - 6 hours [ DST ]

Who is online

Users browsing this forum: No registered users and 28 guests

You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum

Search for:
Jump to:  
Powered by phpBB® Forum Software © phpBB Group