BPS to Buy Cabelas?

[silverking]

Bass Pro Shops to Buy Cabelas?

Posted by Fishing Tackle Retailer, www.fishingtackleretailer.com
Tackle industry retail giant Bass Pro Shops is exploring an offer for one of its largest competitors—Cabela's, Inc.

According to a Nov. 5, report from Reuters, Bass Pro Shops is in the process of securing financing for a potential offer that would target Cabela's. Both parties declined Reuters' requests for comment, though shares of Cabela's have risen by as much as 13-percent in light of the news. Both companies operate substantial, multi-million dollar direct sales and retail destination-store operations.

Cabela's, a publicly owned company, reported $1.2 billion in revenue last year: $810.6 million of that came from retail stores; $349.9 million came from direct sales. Cabela's operates 77 brick-and-mortar stores in the United States.

Bass Pro Shops is estimated by Forbes to have brought in over $4 billion in revenue last year. It ranks as one of the 100 largest privately owned companies in the country. The Springfield, MO-based giant employs some 20,000 people in 94 retail stores spread across the United States.

Read more stories like this in Fishing Tackle Retailer here: http://fishingtackleretailer.com/bass-p ... y-cabelas/
- See more at: http://www.thefishingwire.com/story/360 ... AQfLf.dpuf

[MudDucker]

No, I like these two competing! Both offer great merchandise, but the customer service for Cabelas with regard to On Line has always been great. BassPro stores give you very similar service, but not their online folks.

[bman]

I'm with you MD- I like the competition.
And I really like the choices in products. I have fun shopping at cabelas when I'm up visiting my wife's family. Fun to look at different tackle.

[countrycorners]

I'm a Cabela's fan.
Say it ain't so!

[silverking]

New article on Cabela's in today's USA Today:

http://www.usatoday.com/story/money/201 ... /76654306/

I just ordered a set of transom tie-downs from them. Wish we had a store close by. Also shop at BPS though. Each retailer has its strengths, although from this report Cabela's isn't as strong lately for its investors.