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Cabela's / Bass Pro

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VA Husker2    18

I've seen some nice stuff at Bass Pro, but Cabela's might be a better fit, being Nebraska based and all.

Edited by Mavric
Split from the Adidas thread.

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ColoradoHusk    2,877

I've seen some nice stuff at Bass Pro, but Cabela's might be a better fit, being Nebraska based and all.

Cabelas probably won't be around very much longer, given that Bass Pro is in the midst of acquiring them.

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B.B. Hemingway    1,211

 

I've seen some nice stuff at Bass Pro, but Cabela's might be a better fit, being Nebraska based and all.

Cabelas probably won't be around very much longer, given that Bass Pro is in the midst of acquiring them.

 

 

They're keeping the Cabela name, and all that. From what I've read, you're not going to see much of a change from the Cabela's you've seen in the past. I've lived in SW MO for most of my life, so I'm a Bass Pro guy.

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Mavric    8,656

 

 

I've seen some nice stuff at Bass Pro, but Cabela's might be a better fit, being Nebraska based and all.

Cabelas probably won't be around very much longer, given that Bass Pro is in the midst of acquiring them.

 

 

They're keeping the Cabela name, and all that. From what I've read, you're not going to see much of a change from the Cabela's you've seen in the past. I've lived in SW MO for most of my life, so I'm a Bass Pro guy.

 

Sounds like the deal is falling apart.

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B.B. Hemingway    1,211

 

 

 

I've seen some nice stuff at Bass Pro, but Cabela's might be a better fit, being Nebraska based and all.

Cabelas probably won't be around very much longer, given that Bass Pro is in the midst of acquiring them.

 

 

They're keeping the Cabela name, and all that. From what I've read, you're not going to see much of a change from the Cabela's you've seen in the past. I've lived in SW MO for most of my life, so I'm a Bass Pro guy.

 

Sounds like the deal is falling apart.

 

 

Really? Hadn't heard that. Of course, I haven't read anything on it in a month or so.

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ColoradoHusk    2,877

 

 

 

 

I've seen some nice stuff at Bass Pro, but Cabela's might be a better fit, being Nebraska based and all.

Cabelas probably won't be around very much longer, given that Bass Pro is in the midst of acquiring them.

 

 

They're keeping the Cabela name, and all that. From what I've read, you're not going to see much of a change from the Cabela's you've seen in the past. I've lived in SW MO for most of my life, so I'm a Bass Pro guy.

 

Sounds like the deal is falling apart.

 

 

Really? Hadn't heard that. Of course, I haven't read anything on it in a month or so.

 

That's interesting that the deal is falling apart. There is a Cabela's retail store that is near my neighborhood here in north Denver suburbs, so I would like to see that store stay open. I don't go shopping there much, but it's a good retail presence in the area and brings tax dollars to the city I live in.

 

If the deal does go through, I am interested in how the 2 brands/retail stores will co-exist. There are 2 Cabela's and 1 Bass Pro stores in the Denver area. I think the one near my house gets a lot of business from Northern Colorado and Wyoming residents that make the trip down I-25.

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Mavric    8,656

I hadn't heard that until yesterday. But a co-worker has a sister that works at Cabela's in Sidney and it sounds like it was off.

 

Quick Google search found this.

 

I don't think the plan was to close many of the retail stores - at leas not in the short term. Mainly consolidating management and possibly a few stores that were direct competitors with each other.

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B.B. Hemingway    1,211

I hadn't heard that until yesterday. But a co-worker has a sister that works at Cabela's in Sidney and it sounds like it was off.

 

Quick Google search found this.

 

I don't think the plan was to close many of the retail stores - at leas not in the short term. Mainly consolidating management and possibly a few stores that were direct competitors with each other.

 

 

I'm surprised Cabela's didn't see that as a problem before. Sometimes the lack of business acumen within these large companies is baffling.

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Mavric    8,656

 

I hadn't heard that until yesterday. But a co-worker has a sister that works at Cabela's in Sidney and it sounds like it was off.

 

Quick Google search found this.

 

I don't think the plan was to close many of the retail stores - at leas not in the short term. Mainly consolidating management and possibly a few stores that were direct competitors with each other.

 

I'm surprised Cabela's didn't see that as a problem before. Sometimes the lack of business acumen within these large companies is baffling.

 

I think it's just the opposite. They have very similar customer bases so they thought it would be easy to manage both. My comment about direct competitors would be if there was a Cabela's directly across the parking lot from a Bass Pro, they probably wouldn't need both.

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B.B. Hemingway    1,211

 

 

I hadn't heard that until yesterday. But a co-worker has a sister that works at Cabela's in Sidney and it sounds like it was off.

 

Quick Google search found this.

 

I don't think the plan was to close many of the retail stores - at leas not in the short term. Mainly consolidating management and possibly a few stores that were direct competitors with each other.

 

I'm surprised Cabela's didn't see that as a problem before. Sometimes the lack of business acumen within these large companies is baffling.

 

I think it's just the opposite. They have very similar customer bases so they thought it would be easy to manage both. My comment about direct competitors would be if there was a Cabela's directly across the parking lot from a Bass Pro, they probably wouldn't need both.

 

 

Oh, I see what you meant now. Even so, If the two stores are that closely in proximity it'd be foolish to pay two sets of employees, insurances, bills, etc.

 

 

Edit: Nevermind, I think we agree. It's 11am, and somehow I'm still not awake :lol:

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ColoradoHusk    2,877

 

 

 

I hadn't heard that until yesterday. But a co-worker has a sister that works at Cabela's in Sidney and it sounds like it was off.

 

Quick Google search found this.

 

I don't think the plan was to close many of the retail stores - at leas not in the short term. Mainly consolidating management and possibly a few stores that were direct competitors with each other.

 

I'm surprised Cabela's didn't see that as a problem before. Sometimes the lack of business acumen within these large companies is baffling.

 

I think it's just the opposite. They have very similar customer bases so they thought it would be easy to manage both. My comment about direct competitors would be if there was a Cabela's directly across the parking lot from a Bass Pro, they probably wouldn't need both.

 

 

Oh, I see what you meant now. Even so, If the two stores are that closely in proximity it'd be foolish to pay two sets of employees, insurances, bills, etc.

 

 

Edit: Nevermind, I think we agree. It's 11am, and somehow I'm still not awake :lol:

 

It just depends if multiple stores in a market can co-exist. For example, in the Denver area, there are 2 Cabela's and 1 Bass Pro. They each about 15-20 miles from each other. I am not sure if the Denver market provides enough demand for all 3 stores to survive, but given where they are located, I don't see much cannibalization if the stores were operating under 1 corporate umbrella. All of that would depend on the individual markets and where the stores are located in relation to each other.

 

EDIT: Plus, I am sure you have consumers who are brand loyal and prefer to shop at Cabela's vs. Bass Pro, and vice versa.

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B.B. Hemingway    1,211

 

 

 

 

I hadn't heard that until yesterday. But a co-worker has a sister that works at Cabela's in Sidney and it sounds like it was off.

 

Quick Google search found this.

 

I don't think the plan was to close many of the retail stores - at leas not in the short term. Mainly consolidating management and possibly a few stores that were direct competitors with each other.

 

I'm surprised Cabela's didn't see that as a problem before. Sometimes the lack of business acumen within these large companies is baffling.

 

I think it's just the opposite. They have very similar customer bases so they thought it would be easy to manage both. My comment about direct competitors would be if there was a Cabela's directly across the parking lot from a Bass Pro, they probably wouldn't need both.

 

 

Oh, I see what you meant now. Even so, If the two stores are that closely in proximity it'd be foolish to pay two sets of employees, insurances, bills, etc.

 

 

Edit: Nevermind, I think we agree. It's 11am, and somehow I'm still not awake :lol:

 

It just depends if multiple stores in a market can co-exist. For example, in the Denver area, there are 2 Cabela's and 1 Bass Pro. They each about 15-20 miles from each other. I am not sure if the Denver market provides enough demand for all 3 stores to survive, but given where they are located, I don't see much cannibalization if the stores were operating under 1 corporate umbrella. All of that would depend on the individual markets and where the stores are located in relation to each other.

 

EDIT: Plus, I am sure you have consumers who are brand loyal and prefer to shop at Cabela's vs. Bass Pro, and vice versa.

 

 

Brand loyalty is exactly why Bass Pro decided to keep the Cabela name. Although, I have to wonder if Cabela loyalists have ever been in a Bass Pro. Ha!

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ColoradoHusk    2,877

Why are you guys talking about Cabela and Bass Pro in a thread about Adidas?

It's a tangent that we got on, when someone (I'm sure jokingly) suggested that NU goes to Cabela's for uniforms. Lighten up, dude.

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hskerholic    113

The whole merger was about the cabelas credit card I believe. I think it is worth a lot of money and a private company was going to hostile take over Cabelas and sell the credit card off for a profit and leave Cabelas to rot. Cabelas asked Bass pro to save them from dying.

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BigRedBuster    6,992

The whole merger was about the cabelas credit card I believe. I think it is worth a lot of money and a private company was going to hostile take over Cabelas and sell the credit card off for a profit and leave Cabelas to rot. Cabelas asked Bass pro to save them from dying.

Not to further derail the thread on this.

 

But, it was a activist investor that was out to make a quick killing....unfortunately. One investor had purchased enough stock to force a sale which drove up the stock price. Immediately after the sale, that investor sold their stock and got out. He accomplished his goal and is laughing all the way to the bank.

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ColoradoHusk    2,877

 

The whole merger was about the cabelas credit card I believe. I think it is worth a lot of money and a private company was going to hostile take over Cabelas and sell the credit card off for a profit and leave Cabelas to rot. Cabelas asked Bass pro to save them from dying.

Not to further derail the thread on this.

 

But, it was a activist investor that was out to make a quick killing....unfortunately. One investor had purchased enough stock to force a sale which drove up the stock price. Immediately after the sale, that investor sold their stock and got out. He accomplished his goal and is laughing all the way to the bank.

 

The credit card business is the true money maker for Cabela's. I know that the retail stores are cool, but I think it was a bad decision to try to grow the business that way. Unfortunately, that was a by-product of Cabela's going public a few years ago. That was the worst decision the family could have made for the long-term viability of the company. When a company is publicly traded, the stockholders are going to demand revenue and profit growth, and that's why Cabela's decided to expand the number of retail stores across the country. The stock plummeted, and then the activist investor swooped in and did what BRB described.

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Mavric    8,656
Quote

After two years of uncertainty, Sidney, Nebraska, could know within the coming months just how devastating the loss of Cabela’s headquarters could be for the town of 6,800.

 

Cabela’s said last week in a regulatory filing that Bass Pro Shops is expected to close on its $5 billion purchase of the homegrown Nebraska outdoors retailer on or a few days following Sept. 21.

 

The combined company’s headquarters will be in Bass Pro’s home of Springfield, Missouri.

 

Job cuts are likely coming down the pike — something Cabela’s employees and residents of Sidney have been worried about since Bass Pro announced about a year ago that it would buy Cabela’s.

 

“There will be people losing their jobs, because part of the way that Bass Pro is going to pay for this deal is by reducing expenses,” said Jim Zipursky, an investment banking adviser for midsize companies with Corporate Finance Associates in Omaha. Job losses typically come when two competing companies merge, he said.

 

At its height, Cabela’s had employed around 2,000 people in Sidney, a town about six hours west of Omaha.

 

Employees at the store level are the most likely to keep their jobs, said Erik Gordon, a professor at the University of Michigan’s Ross School of Business who focuses on mergers and acquisitions.

 

Those in administrative functions in Sidney are most at risk, he said. The merged company won’t need two legal, information technology, finance or human resources departments, for example.

 

OWH

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