WATSONVILLE, Calif. West Marine, (Nasdaq:
WMAR) the largest specialty retailer of boating supplies and accessories, has
once again been named by Forbes magazine as one of "America's 100 Most
Trustworthy Companies." According to Forbes reporter Jacquelyn Smith, the
most "transparent and trustworthy businesses that trade on American
exchanges" were selected by partnering with GMI Ratings (GMI), a global
research firm that examines environmental, social, and accounting risks
affecting public companies. Over 60 governance and accounting measures were
examined and West Marine was featured in the small-cap sector based upon
accounting transparency, solid management practices and appropriate Board supervision.
West Marine has nearly 300 company-operated stores located in 38 states, Puerto
Rico, Canada and five franchised stores located in Turkey. The
Direct-to-Consumer division includes a call center, direct mail and
westmarine.com, offering customers over 75,000 products, plus the convenience
of exchanging catalog and e-commerce purchases at store locations.
To qualify for "America's 100 Most Trustworthy Companies,"
corporations had to have market caps of $250 million or more. GMI Ratings
examined more than 8,000 publicly traded companies and assigned an accounting
and governance risk score (AGR) based on a proprietary model. To be considered
for the list, companies must have maintained AGR ratings of
"conservative" or "average" for the past four quarters and
have a positive forecast for equity returns.
GMI Ratings found that "America's 100 Most Trustworthy Companies"
usually outperformed comparable corporations over the long term. The entire
article is available at http://www.forbes.com/sites/jacquelynsmith/2013/03/18/americas-100-most-trustworthy-companies/
About West Marine
West Marine, the largest specialty retailer of boating supplies and
accessories, has nearly 300 company-operated stores located in 38 states,
Puerto Rico, Canada and five franchised stores located in Turkey. Our
Direct-to-Customer division, which comprises our call center, direct mail and
e-commerce channels, offers Customers over 75,000 products plus the convenience
of exchanging catalog and e-commerce purchases at our Store locations. Our Port
Supply division is one of the largest wholesale distributors of marine
equipment serving boat manufacturers, marine services, commercial vessel
operators and government agencies. For more information on West Marine's
products and store locations, or to start shopping, visit westmarine.com or
call 1-800-BOATING (1-800-262-8464).
Advertising