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#6025422 - 11/12/15 10:35 AM Cabela's being bought out
stxhunter Offline
Tracker

Registered: 03/04/08
Posts: 738
Loc: Fort Worth
Sounds like Bass Pro has bought out Cabela's! The article says the take over will occur Jan 1st. I wonder what is going to happen to our Cabela's points when this happens.

http://www.kulr8.com/story/30496958/...ll-close-jan-1
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Specializing in Hog Hunting and Night Vision Equipment
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#6025425 - 11/12/15 10:35 AM Re: Cabela's being bought out [Re: stxhunter]
stxhunter Offline
Tracker

Registered: 03/04/08
Posts: 738
Loc: Fort Worth
BILLINGS -
We have developing news regarding a major retailer here in Billings. Sources told KULR-8's Leah Jordan that a major buyout is coming regarding Cabela's.

Several employees expressed concern about what the looming buyout means for the future. Management confirmed to employees Monday that a competitor may buy out Cabela's, according to an anonymous staff member.

The sources said the deal was finalized Nov. 9, and the formal take-over will be Jan. 1, 2016.

One employee agreed to speak with KULR-8 on camera under the condition that we protect their identity.

"The manager had told her that her job was going to basically be overcome Jan 1. Several other people were commenting on it, and as I was leaving work another employee was talking to a department manager. So I stopped and caught the tail end of their conversation, so I approached him and said, 'So this is true? We are being bought out and we are not going to have jobs?' He said, 'I don't know whether they will keep anyone, I don't know if the store will stay open or what their plans are.' I said, 'Well, is the January 1st deadline true?' And he said, 'Yes.'" the anonymous employee said.

The employee told us management was specifically instructed not to disclose the deal involving the potential buyout.

There are still many unanswered questions about what it means for jobs after the start of the new year.

Cabela's stock price has fallen 37 percent since the beginning of the year.

The employee tells us the competitor is Bass Pro Shops. We reached out to Bass Pro Shops; they declined to discuss any looming deals.

Cabela's has not responded as of this evening. We will continue to reach out to them for comment.

KULR-8 will continue calling Cabela's for comment and working to gather more information on this story.

Editor's note: The headline has been changed to reflect that a potential Cabela's buyout and store closure may happen Jan. 1, according to Cabela's employees.
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www.bigpiglights.com
Specializing in Hog Hunting and Night Vision Equipment
(956)793-0904

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#6025458 - 11/12/15 10:46 AM Re: Cabela's being bought out [Re: stxhunter]
7x57 Offline
Tracker

Registered: 10/28/15
Posts: 580
Loc: Laredo, TX
Can't beat em? Buy em.

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#6025465 - 11/12/15 10:47 AM Re: Cabela's being bought out [Re: stxhunter]
CRAnderson52 Offline
Veteran Tracker

Registered: 08/12/11
Posts: 2282
Loc: Highland Village, Texas
Good, I've always preferred BPS over cabelas anyway!
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#6025468 - 11/12/15 10:48 AM Re: Cabela's being bought out [Re: stxhunter]
BigPig Online   content
THF Trophy Hunter

Registered: 08/27/09
Posts: 9478
Loc: Forney, Tx
Cabelas is a far better store with better merchandise at least in my opinion, this is sad. I hope knowbody loses their jobs over this.


Edited by BigPig (11/12/15 10:49 AM)
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Originally Posted By: bill oxner
Ever spit it out rather than swallow it?

Originally Posted By: pegasaurus
Enjoy it while you can. One day you might be complaining about NOT getting random pop-ups in the morning. grin

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#6025473 - 11/12/15 10:49 AM Re: Cabela's being bought out [Re: stxhunter]
Buzzsaw Offline
THF Trophy Hunter

Registered: 06/29/11
Posts: 5023
Loc: Frisco, Texas
a couple months ago, I was talking to an employee at Cabelas, asking if it was a good place to work. I'm thinking about some part time hours after I retire. He said, it used to be great but since an investment group took them over, it sucked.

Just another classic case of a buyout, cut expenses, raise margins, make yourself look good to investors and BYE-BYE !!!

Been through it twice, luckily, I was on the streets selling and they needed us, not so good for office and support people. Sad.

Bad thing is , I think Cabela's is better than Bass Pro. At least the 2 I frequent here in North Texas. Sportsman's Warehouse opened and closed here within about 2 years and I liked them better than both Cabelas and Bass Pro.

Should be interesting.....
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#6025485 - 11/12/15 10:51 AM Re: Cabela's being bought out [Re: stxhunter]
ronlhodges Offline
Woodsman

Registered: 10/06/15
Posts: 179
Loc: West Texas
WEll that sucks !! I just got a Cabela card and bought a new shotgun . Wonder how that is going to work now ?
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#6025502 - 11/12/15 10:57 AM Re: Cabela's being bought out [Re: stxhunter]
ZK-315 Online   content
Pro Tracker

Registered: 10/11/13
Posts: 1558
Loc: Temple...Hunt in Freestone Co.
That does suck. I much prefer Cabelas over Bass Pro, especially the Cabela's Outpost in Waco. Not nearly as busy or as big as the main stores, but carry all of the more popular items. Curious to see how it all pans out

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#6025530 - 11/12/15 11:08 AM Re: Cabela's being bought out [Re: stxhunter]
Erny Online   content
Pro Tracker

Registered: 02/26/11
Posts: 1574
Loc: Smith County
Cabelas has more firearms and hunting equipment than BPS. Bass pro seems to focus on fishing and Cabelas on hunting. This is probably not going to be good, in my opinion.

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#6025535 - 11/12/15 11:09 AM Re: Cabela's being bought out [Re: stxhunter]
redchevy Offline
THF Celebrity

Registered: 10/25/04
Posts: 23348
Loc: Texas
Dang... I much prefer cabelas over basspro. I might be making a trip to spend my points this weekend!
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#6025543 - 11/12/15 11:10 AM Re: Cabela's being bought out [Re: stxhunter]
BOBO the Clown Offline
decoy

Registered: 04/19/07
Posts: 41084
Loc: Metroplex
I don't see things changing from a consumer stand point.

Cabela's and Bass pro traditionally specialize in different branding.

Cabela's excels at thier private brand in hunting and Bass pro excels in the thier private branding on fishing

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#6025554 - 11/12/15 11:16 AM Re: Cabela's being bought out [Re: stxhunter]
rifleman Online   crying
Sparkly Pants

Registered: 11/19/08
Posts: 43776
Loc: Kingwood
just hope they don't take the redhead approach with the cabela's branded stuff.

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#6025573 - 11/12/15 11:23 AM Re: Cabela's being bought out [Re: rifleman]
BOBO the Clown Offline
decoy

Registered: 04/19/07
Posts: 41084
Loc: Metroplex
Originally Posted By: rifleman
just hope they don't take the redhead approach with the cabela's branded stuff.


Cabela's was starting to back off a little of thier branded stuff. Why this year you see more concept shop type fixtures for Sitka, NF, UA and Columbia

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#6025594 - 11/12/15 11:30 AM Re: Cabela's being bought out [Re: stxhunter]
QuitShootinYoungBucks Online   content
THF Trophy Hunter

Registered: 11/01/12
Posts: 6450
Loc: Lubbock, TX
Dang, hate that. Always thought Cabela's was better.
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#6025609 - 11/12/15 11:44 AM Re: Cabela's being bought out [Re: stxhunter]
WileyCoyote Online   content
Extreme Tracker

Registered: 09/01/04
Posts: 4526
Loc: The Dogwood Capital of Texas
Wonder if we can get Sportmans Warehouse to come back into the Texas market...IMO they were/are better than both BPS & Caberlla's put together, and have weathered the downsizing and crunch...Gander next ??? Just Sayin'
Ron
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