West Marine store closures
Definition
A period of retail contraction occurring when West Marine, a major boating equipment retailer, initiated Chapter 11 bankruptcy proceedings to restructure its business, resulting in the shuttering of 59 physical locations.
A collective term used by boaters and industry observers to describe the specific corporate downsizing event involving the loss of accessibility to local nautical supplies.
Examples
I showed up to buy emergency flares, but the West Marine store closures effectively turned my boat into a very expensive lawn ornament.
If the West Marine store closures continue at this rate, the only way to get a new anchor will be to trade it for a kidney on the black market.
The silver lining of the West Marine store closures is that my partner can no longer complain that I spent the mortgage payment on high-performance marine wax.