Rancho Cordova Boating Outlet Closes
The 62 year old marine and water recreation merchandise company, Cope & McPhetres Marine Inc., that operates outlets in Rancho Cordova and Rocklin, is going out of business. Just over a year ago, the company had 13 stores sprinkled through the west. Officials said the company started shutting stores in the second half of last year as the impending recession took its toll on the recreational boating industry. Cope & McPhetres stores in California, Nevada and Washington sold and serviced new and used power boats.
A triple threat of falling consumer confidence, rising gas prices and the nation’s economic downturn has pummeled the industry, changing the boating habits of recreational skippers and forcing layoffs, plant closures and corporate reorganizations, all to the demise of the recreational industry.
Nation wide, sales of new boats have been slipping virtually every month since mid-2004, when the nation’s consumer confidence began to dip. 2008 sales closed out down almost 15 percent compared to last December, according to market research data.
- None Found
Short URL: http://www.ranchocordovapost.com/?p=2308