Cabela's: Difference between revisions
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| name = Cabela's Inc. |
| name = Cabela's Inc. |
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| logo = Cabela's Logo.svg |
| logo = Cabela's Logo.svg |
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| image = Cabelas-rogers-minnesota.jpg |
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| image_caption = Cabela's in [[Rogers, Minnesota]] |
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| type = {{plain list| |
| type = {{plain list| |
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* [[Subsidiary]] ([[Public company|Public]] until 2017) |
* [[Subsidiary]] ([[Public company|Public]] until 2017) |
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| location_city = [[Sidney, Nebraska]], U.S. |
| location_city = [[Sidney, Nebraska]], U.S. |
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| locations = 82 (May 2016, U.S. and Canada) |
| locations = 82 (May 2016, U.S. and Canada) |
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| homepage = {{URL|cabelas.com}} |
| homepage = {{URL|https://www.cabelas.com/}} |
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}} |
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'''Cabela's Inc.''' is an American retailer that specializes in [[hunting]], [[fishing]], [[boating]], [[camping]], and other outdoor recreation merchandise. The chain was founded by [[Richard N. Cabela]] and Jim Cabela in 1961. Cabela's was acquired by [[Springfield, Missouri]]-based [[Bass Pro Shops]] in 2017 and has been a subsidiary since then. The brand’s retail locations feature wildlife exhibits and outdoor designs, and are viewed as tourist attractions |
'''Cabela's Inc.''' is an American retailer that specializes in [[hunting]], [[fishing]], [[boating]], [[camping]], and other outdoor recreation merchandise. The chain was founded by [[Richard N. Cabela]] and Jim Cabela in 1961. Cabela's was acquired by [[Springfield, Missouri]]-based [[Bass Pro Shops]] in 2017 and has been a subsidiary since then. The brand’s retail locations feature wildlife exhibits and outdoor designs, and are viewed as tourist attractions. |
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[[File:Cabela's water tower at Buda, Texas.jpg|thumb|Water tower at [[Buda, Texas]], bearing company advertisement next to a Cabela's store]] |
[[File:Cabela's water tower at Buda, Texas.jpg|thumb|Water tower at [[Buda, Texas]], bearing company advertisement next to a Cabela's store]] |
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⚫ | The company that would become a sporting goods reseller and chain was started in December 1961 in [[Chappell, Nebraska]].<ref>{{Cite web |last=Funk |first=Josh |title=Bass Pro completes $4 billion acquisition of Cabela's |url=https://www.usatoday.com/story/money/2017/09/26/bass-pro-completes-4-billion-acquisition-cabelas/703078001/ |access-date=2023-11-21 |website=USA TODAY |language=en-US}}</ref><ref>{{Cite web |date=2014-02-20 |title=Dick Cabela dies at 77; co-founded Cabela's sporting goods empire |url=https://www.latimes.com/local/obituaries/la-me-dick-cabela-20140220-story.html |access-date=2024-03-29 |website=Los Angeles Times |language=en-US}}</ref><ref>{{Cite news |last=Helliker |first=Sara Germano and Kevin |title=Bass Pro Shops to Acquire Cabela’s |url=https://www.wsj.com/articles/bass-pro-shops-to-acquire-cabelas-1475500278 |access-date=2024-03-29 |work=WSJ |language=en-US}}</ref> Richard (Dick) N. Cabela purchased $45 worth of [[fishing flies]] at a furniture expo in [[Chicago]] which he then advertised for sale in a local newspaper advertisement.<ref name=2014ARMemorial>{{cite journal|last=Staff|title=Random Shots: In Memory: Richard "Dick" Cabela|journal=American Rifleman|date=May 2014|volume=162|issue=5|page=28}}</ref> When his first effort produced only one response, he placed an ad in a national magazine, ''[[Sports Afield]]'', which was more successful.<ref name=":0">{{Cite web |date=2014-02-20 |title=Dick Cabela dies at 77; co-founded Cabela's sporting goods empire |url=https://www.latimes.com/local/obituaries/la-me-dick-cabela-20140220-story.html |access-date=2023-12-01 |website=Los Angeles Times |language=en-US}}</ref> Cabela and his wife, Mary, mailed the orders and kept a record of all names and addresses.<ref name=":0" /> In 1963, Cabela's brother Jim joined the company.<ref name=":0" /> The mimeographed catalog became a printed catalog, and the operation moved into the basement of a family store and then to a former American Legion Hall.<ref name=":0" /> In 1968, the company moved again into a former John Deere dealer facility in Sidney, Nebraska.<ref name=":0" /> Cabela's then sold fishing gear as well as equipment for hunting, backpacking, and other outdoor activities.<ref name=":0" /> In 1991, a 75,000-square-foot retail store was opened in Sidney.<ref name=":0" /> More stores were built, decorated with outdoor scenery, mounted animals, and aquariums.<ref name=":0" /> Some stores included shooting ranges and archery ranges.<ref name=":0" /> By 2014, there were 50 stores across the U.S. and Canada.<ref name=":0" /> |
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⚫ | The company that would become a sporting goods reseller and chain was started in December 1961 in [[Chappell, Nebraska]].<ref>{{Cite web |last=Funk |first=Josh |title=Bass Pro completes $4 billion acquisition of Cabela's |url=https://www.usatoday.com/story/money/2017/09/26/bass-pro-completes-4-billion-acquisition-cabelas/703078001/ |access-date=2023-11-21 |website=USA TODAY |language=en-US}}</ref> Richard (Dick) N. Cabela purchased $45 worth of [[fishing flies]] at a furniture expo in [[Chicago]] which he then advertised for sale in a local newspaper advertisement.<ref name=2014ARMemorial>{{cite journal|last=Staff|title=Random Shots: In Memory: Richard "Dick" Cabela|journal=American Rifleman|date=May 2014|volume=162|issue=5|page=28}}</ref> When his first effort produced only one response, he placed an ad in a national magazine, ''[[Sports Afield]]'', which was more successful.<ref name=":0">{{Cite web |date=2014-02-20 |title=Dick Cabela dies at 77; co-founded Cabela's sporting goods empire |url=https://www.latimes.com/local/obituaries/la-me-dick-cabela-20140220-story.html |access-date=2023-12-01 |website=Los Angeles Times |language=en-US}}</ref> Cabela and his wife, Mary, mailed the orders and kept a record of all names and addresses.<ref name=":0" /> In 1963, Cabela's brother Jim joined the company.<ref name=":0" /> The mimeographed catalog became a printed catalog, and the operation moved into the basement of a family store and then to a former American Legion Hall.<ref name=":0" /> In 1968, the company moved again into a former John Deere dealer facility in Sidney, Nebraska.<ref name=":0" /> Cabela's then sold fishing gear as well as equipment for hunting, backpacking, and other outdoor activities.<ref name=":0" /> In 1991, a 75,000-square-foot retail store was opened in Sidney.<ref name=":0" /> More stores were built, decorated with outdoor scenery, mounted animals, and aquariums.<ref name=":0" /> Some stores included shooting ranges and archery ranges.<ref name=":0" /> By 2014, there were 50 stores across the U.S. and Canada.<ref name=":0" /> |
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On February 17, 2014, founder [[Richard N. Cabela|Dick Cabela]] died at his home in Sidney, Nebraska, at the age of 77.<ref>{{Cite web |agency=Associated Press |date=2014-02-17 |title=Richard Cabela, co-founder of outdoors outfitter, dies at 77 |url=https://www.denverpost.com/2014/02/17/richard-cabela-co-founder-of-outdoors-outfitter-dies-at-77/ |access-date=2023-09-07 |website=The Denver Post |language=en-US}}</ref><ref>{{Cite news |last=Harris |first=Elizabeth A. |date=2014-02-22 |title=Richard Cabela, Who Sold the Great Outdoors, Is Dead at 77 |language=en-US |work=The New York Times |url=https://www.nytimes.com/2014/02/22/business/richard-cabela-who-sold-the-great-outdoors-is-dead-at-77.html |access-date=2023-09-07 |issn=0362-4331}}</ref> |
On February 17, 2014, founder [[Richard N. Cabela|Dick Cabela]] died at his home in Sidney, Nebraska, at the age of 77.<ref>{{Cite web |agency=Associated Press |date=2014-02-17 |title=Richard Cabela, co-founder of outdoors outfitter, dies at 77 |url=https://www.denverpost.com/2014/02/17/richard-cabela-co-founder-of-outdoors-outfitter-dies-at-77/ |access-date=2023-09-07 |website=The Denver Post |language=en-US}}</ref><ref>{{Cite news |last=Harris |first=Elizabeth A. |date=2014-02-22 |title=Richard Cabela, Who Sold the Great Outdoors, Is Dead at 77 |language=en-US |work=The New York Times |url=https://www.nytimes.com/2014/02/22/business/richard-cabela-who-sold-the-great-outdoors-is-dead-at-77.html |access-date=2023-09-07 |issn=0362-4331}}</ref> |
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In February 2013, Cabela's sued [[Gander Mountain]] for patent infringement over a fold-up cot that Gander was selling.<ref name="Orrick" /> In December 2013, Gander sued Cabela's for [[cybersquatting]].<ref name="Orrick" /> |
In February 2013, Cabela's sued [[Gander Mountain]] for patent infringement over a fold-up cot that Gander was selling.<ref name="Orrick" /> In December 2013, Gander sued Cabela's for [[cybersquatting]].<ref name="Orrick" /> |
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In March 2014, Cabela's sold their recreational real estate division, [[Cabela's Trophy Properties]], to ''[[Sports Afield]]''.<ref>{{Cite web|url=http://www.licensemag.com/license-global/sports-afield-buys-recreational-real-estate-firm|title=Sports Afield Buys Recreational Real Estate Firm {{!}} License! Global|website=www.licensemag.com|language=en|access-date=August 1, 2017}}</ref> The name changed to ''Sports Afield Trophy Properties''.<ref>{{Cite web |title=Brand Licensing, Partnerships and Collaborations in Publishing {{!}} News |url=https://www.licenseglobal.com/entertainment/publishing |access-date=2024-01-08 |website=License Global |language=en}}</ref> |
In March 2014, Cabela's sold their recreational real estate division, [[Cabela's Trophy Properties]], to ''[[Sports Afield]]''.<ref>{{Cite web|url=http://www.licensemag.com/license-global/sports-afield-buys-recreational-real-estate-firm|title=Sports Afield Buys Recreational Real Estate Firm {{!}} License! Global|website=www.licensemag.com|language=en|access-date=August 1, 2017}}</ref><ref>{{Cite web |title=Brand Licensing, Partnerships and Collaborations in Publishing {{!}} News |url=https://www.licenseglobal.com/entertainment/publishing |access-date=2024-03-29 |website=License Global |language=en}}</ref> The name changed to ''Sports Afield Trophy Properties''.<ref>{{Cite web |title=Brand Licensing, Partnerships and Collaborations in Publishing {{!}} News |url=https://www.licenseglobal.com/entertainment/publishing |access-date=2024-01-08 |website=License Global |language=en}}</ref> |
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In January 2016, Cabela's sold their Outdoor Adventures & T.A.G.S. divisions to Worldwide Trophy Adventures.<ref>{{Cite web |title=Worldwide Trophy Adventures Acquires Cabela's Outdoor Adventures and T.A.G.S Businesses {{!}} Outdoor Wire |url=https://www.theoutdoorwire.com/story/1451858592yqxx1acsgvk |access-date=2024-01-08 |website=www.theoutdoorwire.com}}</ref><ref>{{Cite web |last=Sun-Telegraph |first=The Sidney |title=Worldwide Trophy Adventures acquires Cabela's Outdoor Adventures, T.A.G.S businesses |url=https://www.suntelegraph.com/story/2016/01/05/community/worldwide-trophy-adventures-acquires-cabelas-outdoor-adventures-tags-businesses/8858.html |access-date=2024-01-08 |website=The Sidney Sun-Telegraph |language=en}}</ref> |
In January 2016, Cabela's sold their Outdoor Adventures & T.A.G.S. divisions to Worldwide Trophy Adventures.<ref>{{Cite web |title=Worldwide Trophy Adventures Acquires Cabela's Outdoor Adventures and T.A.G.S Businesses {{!}} Outdoor Wire |url=https://www.theoutdoorwire.com/story/1451858592yqxx1acsgvk |access-date=2024-01-08 |website=www.theoutdoorwire.com}}</ref><ref>{{Cite web |last=Bilyj |first=Brooke |title=Mark Peterson chases his passion with Worldwide Trophy Adventures |url=https://www.huntington.com/Commercial/insights/client-success-stories/wta |website=Huntington.com}}</ref><ref>{{Cite web |last=Sun-Telegraph |first=The Sidney |title=Worldwide Trophy Adventures acquires Cabela's Outdoor Adventures, T.A.G.S businesses |url=https://www.suntelegraph.com/story/2016/01/05/community/worldwide-trophy-adventures-acquires-cabelas-outdoor-adventures-tags-businesses/8858.html |access-date=2024-01-08 |website=The Sidney Sun-Telegraph |language=en}}</ref> |
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On October 3, 2016, Bass Pro Shops announced an agreement to acquire Cabela's for $5.5 billion.<ref>{{cite web|title=Cabela's stores to be sold to Bass Pro Shops for $5.5 billion|url=http://www.inforum.com/news/business/4128065-cabelas-stores-be-sold-bass-pro-shops-55-billion/|access-date=December 18, 2016|archive-url=https://web.archive.org/web/20161221001955/http://www.inforum.com/news/business/4128065-cabelas-stores-be-sold-bass-pro-shops-55-billion/|archive-date=December 21, 2016|url-status=dead}}</ref> In September 2017, Cabela's became part of Bass Pro Shops.<ref>{{Cite web |date=2017-09-26 |title=Cabela's Now Officially Part of Bass Pro Shops After Merger |url=https://www.ksmu.org/business-and-the-economy/2017-09-26/cabelas-now-officially-part-of-bass-pro-shops-after-merger |access-date=2023-11-21 |website=KSMU Radio |language=en}}</ref> |
On October 3, 2016, Bass Pro Shops announced an agreement to acquire Cabela's for $5.5 billion.<ref>{{cite web|title=Cabela's stores to be sold to Bass Pro Shops for $5.5 billion|url=http://www.inforum.com/news/business/4128065-cabelas-stores-be-sold-bass-pro-shops-55-billion/|access-date=December 18, 2016|archive-url=https://web.archive.org/web/20161221001955/http://www.inforum.com/news/business/4128065-cabelas-stores-be-sold-bass-pro-shops-55-billion/|archive-date=December 21, 2016|url-status=dead}}</ref> In September 2017, Cabela's became part of Bass Pro Shops.<ref>{{Cite web |date=2017-09-26 |title=Cabela's Now Officially Part of Bass Pro Shops After Merger |url=https://www.ksmu.org/business-and-the-economy/2017-09-26/cabelas-now-officially-part-of-bass-pro-shops-after-merger |access-date=2023-11-21 |website=KSMU Radio |language=en}}</ref> |
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== Retail stores == |
== Retail stores == |
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[[File:Cabelas-rogers-minnesota.jpg|left|thumb|200x200px|Cabelas Store near Rogers, Minnesota]] |
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[[File:Musk oxen at Cabelas.jpg|thumb|Musk oxen mounted and on display at store in Buda, Texas]] |
[[File:Musk oxen at Cabelas.jpg|thumb|Musk oxen mounted and on display at store in Buda, Texas]] |
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⚫ | The largest Cabela's retail facility is in [[Hamburg, Pennsylvania]], with more than {{convert|250000|sqft|m2|-3}} of floor space.<ref>{{Cite web |last=Marsya |first=Haris |date=2023-08-19 |title=Top 10 Biggest Cabela's |url=https://www.knot35.com/toplist/top-10-biggest-cabelas/ |access-date=2024-03-08 |website=Toplist |language=en-US}}</ref> |
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⚫ | In 2007, Cabela's purchased family-owned S.I.R. Warehouse Sports Store in [[Winnipeg]].<ref>{{cite news|url=https://www.cbc.ca/news/canada/u-s-firm-buys-longtime-winnipeg-outfitter-1.643610 |title = U.S. firm buys longtime Winnipeg outfitter |author = Canadian Broadcasting Corporation |author-link = Canadian Broadcasting Corporation |access-date=August 16, 2007 | work=[[CBC News]] | date=August 16, 2007}}</ref> In 2010, the Canadian Head Office and Distribution Centre moved across the city, leaving the original location as only a retail store. The company had intended to be a part of the {{convert|1400000|sqft|m2|adj=on}} [[Lac-Mirabel]] project near [[Montreal]], which was to include {{convert|220000|sqft|m2}} of retail space, and was planned to open in 2008.<ref>Cabela's Montreal store Press Release [http://www.cabelas.com/cabelas/en/templates/community/aboutus/retail-detail.jsp?detailedInformationURL=/cabelas/en/content/community/aboutus/retail/retail_stores/montreal/montreal_press.html Cabelas.com]</ref> But instead, |
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⚫ | In 2007, Cabela's purchased family-owned S.I.R. Warehouse Sports Store in [[Winnipeg]].<ref>{{cite news|url=https://www.cbc.ca/news/canada/u-s-firm-buys-longtime-winnipeg-outfitter-1.643610 |title = U.S. firm buys longtime Winnipeg outfitter |author = Canadian Broadcasting Corporation |author-link = Canadian Broadcasting Corporation |access-date=August 16, 2007 | work=[[CBC News]] | date=August 16, 2007}}</ref> In 2010, the Canadian Head Office and Distribution Centre moved across the city, leaving the original location as only a retail store. The company had intended to be a part of the {{convert|1400000|sqft|m2|adj=on}} [[Lac-Mirabel]] project near [[Montreal]], which was to include {{convert|220000|sqft|m2}} of retail space, and was planned to open in 2008.<ref>Cabela's Montreal store Press Release [http://www.cabelas.com/cabelas/en/templates/community/aboutus/retail-detail.jsp?detailedInformationURL=/cabelas/en/content/community/aboutus/retail/retail_stores/montreal/montreal_press.html Cabelas.com]</ref> But instead, [[Bass Pro Shops]] became one of the mall anchors.<ref>{{cite web|url=http://www.lacmirabel.com/pdf/MontAnn.pdf|title=Lac Mirabel press release|access-date=October 14, 2016|archive-url=https://web.archive.org/web/20120904065839/http://www.lacmirabel.com/pdf/MontAnn.pdf|archive-date=September 4, 2012|url-status=dead}}</ref> In 2011 Cabela's opened a {{convert|70,000|sqft|m2|adj=on}} store in [[Edmonton]], [[Alberta]] and a {{convert|50,000|sqft|m2|adj=on}} store opened in [[Saskatoon]] in 2012 another {{convert|70,000|sqft|m2|adj=on}} store in [[Calgary]], [[Alberta]] opened in 2015. |
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[[File:GunLibrary.JPG|right|thumb|Gun Library]] |
[[File:GunLibrary.JPG|right|thumb|Gun Library]] |
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In late 2011, Cabela's announced a new retail initiative called Cabela's Outpost Store was located in [[Union Gap, Washington]], while the second was opened in [[Saginaw County, Michigan]].<ref>{{Cite web |title=Cabela's to open 'outpost' store near Yakima {{!}} The Spokesman-Review |url=https://www.spokesman.com/blogs/outdoors/2012/feb/16/cabelas-open-outpost-store-near-yakima/ |access-date=2024-02-28 |website=www.spokesman.com}}</ref> |
In late 2011, Cabela's announced a new retail initiative called Cabela's Outpost Store<ref>{{Cite web |title=Cabela's to open 'outpost' store near Yakima {{!}} The Spokesman-Review |url=https://www.spokesman.com/blogs/outdoors/2012/feb/16/cabelas-open-outpost-store-near-yakima/ |access-date=2024-03-29 |website=www.spokesman.com}}</ref> was located in [[Union Gap, Washington]], while the second was opened in [[Saginaw County, Michigan]].<ref>{{Cite web |title=Cabela's to open 'outpost' store near Yakima {{!}} The Spokesman-Review |url=https://www.spokesman.com/blogs/outdoors/2012/feb/16/cabelas-open-outpost-store-near-yakima/ |access-date=2024-02-28 |website=www.spokesman.com}}</ref><ref>{{Cite web |last=klynchmo@mlive.com |first=Kathryn Lynch-Morin {{!}} |date=2012-07-26 |title=Cabela's store to open in Saginaw County |url=https://www.mlive.com/business/mid-michigan/2012/07/cabelas_store_to_open_store_in.html |access-date=2024-03-29 |website=mlive |language=en}}</ref> The Outposts have seasonally rotating merchandise, online order kiosks, and in-store pickup.<ref>{{Cite web |last=klynchmo@mlive.com |first=Kathryn Lynch-Morin {{!}} |date=2012-07-26 |title=Cabela's store to open in Saginaw County |url=https://www.mlive.com/business/mid-michigan/2012/07/cabelas_store_to_open_store_in.html |access-date=2024-03-26 |website=mlive |language=en}}</ref> |
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Currently, there are 70 Cabela’s stores in the U.S. and 10 in Canada.<ref>{{Cite web |title=Bass Pro Shops / Cabela’s |url=http://sportsinsightmag.com/2019/mar-apr/power-12/bass-pro-shops-cabelas.html#:~:text=Some%20states,%20like%20Tennessee%20with,between%20Cabela's%20and%20Bass%20Pro |access-date=2024-01-09 |website=sportsinsightmag.com}}</ref> |
Currently, there are 70 Cabela’s stores in the U.S. and 10 in Canada.<ref>{{Cite web |title=Bass Pro Shops / Cabela’s |url=http://sportsinsightmag.com/2019/mar-apr/power-12/bass-pro-shops-cabelas.html#:~:text=Some%20states,%20like%20Tennessee%20with,between%20Cabela's%20and%20Bass%20Pro |access-date=2024-01-09 |website=sportsinsightmag.com}}</ref> |
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== Acquisition by Bass Pro Shops == |
== Acquisition by Bass Pro Shops == |
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On July 5, 2017, the Federal Trade Commission approved the acquisition of Cabela's by Bass Pro Shops. The acquisition was complete on September 25, 2017.<ref>{{cite news |url= http://fortune.com/2017/09/26/bass-pro-and-cabela-merger/ |title= Bass Pro Just Completed a $4 Billion Deal to Buy Cabela's |author= Hallie Detrick |publisher= [[Fortune (magazine)|Fortune]] |date= September 26, 2017 |access-date= December 20, 2018 |
On July 5, 2017, the Federal Trade Commission approved the acquisition of Cabela's by Bass Pro Shops. The acquisition was complete on September 25, 2017.<ref>{{cite news |url= http://fortune.com/2017/09/26/bass-pro-and-cabela-merger/ |title= Bass Pro Just Completed a $4 Billion Deal to Buy Cabela's |author= Hallie Detrick |publisher= [[Fortune (magazine)|Fortune]] |date= September 26, 2017 |access-date= December 20, 2018}}</ref> The two brands have a few things in common: they were founded around the same theme and both brand’s store locations were designed to deliver a “destination-like” shopping experience.<ref>{{Cite web |title=Bass Pro Shops completes $5B Cabela's acquisition |url=https://www.retaildive.com/news/bass-pro-shops-completes-5b-cabelas-acquisition/505942/ |access-date=2024-02-13 |website=Retail Dive |language=en-US}}</ref> Cabela’s and Bass Pro Shops locations have also doubled as wildlife exhibits and draw in many tourists.<ref name=":3">{{Cite news |last=Helliker |first=Sara Germano and Kevin |title=Bass Pro Shops to Acquire Cabela’s |url=https://www.wsj.com/articles/bass-pro-shops-to-acquire-cabelas-1475500278 |access-date=2024-02-13 |work=WSJ |language=en-US}}</ref><ref>{{Cite web |last=Schneck |first=Marcus |date=2009-11-22 |title=Central Pennsylvania's super-aquariums: A new Nature's Navigator |url=https://www.pennlive.com/wildaboutpa/2009/11/central_pennsylvanias_super-aq.html |access-date=2024-03-29 |website=pennlive |language=en}}</ref><ref>{{Cite web |last=Upholt |first=Boyce |date=2022-08-10 |title=How the Bass Pro Shops Pyramid Became a Memphis Icon |url=https://www.outsideonline.com/culture/essays-culture/bass-pro-shops-pyramid-memphis/ |access-date=2024-02-13 |website=Outside Online |language=en-US}}</ref><ref>{{Cite web |last=Ness |first=Jake Van |date=2023-03-13 |title=Bass Pro Shops Plans To Open Its Newest Store In Clifton Park, Its 4th In New York State |url=https://www.saratoga.com/saratogabusinessjournal/2023/03/bass-pro-shops-plans-to-open-its-newest-store-in-clifton-park-its-4th-in-new-york-state/ |access-date=2024-03-29 |website=Saratoga Business Journal |language=en-US}}</ref> A Cabela’s in Michigan saw 6 million visitors a year and was the state’s largest tourist destination.<ref name=":3" /> |
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== Sponsorships == |
== Sponsorships == |
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Cabela's Legendary Adventures |
Cabela's Legendary Adventures sponsored [[Richard Childress Racing]] driver [[Daniel Hemric]] during the 2019 [[Monster Energy NASCAR Cup Series]] in partnership with [[Bass Pro Shops]].<ref>{{Cite web |title=Jayski's Silly Season Site |url=https://www.jayski.com/paint-schemes/cup-series-paint-schemes/2024-nascar-cup-series-19-joe-gibbs-racing-paint-schemes/}}</ref><ref>{{Cite web |title=Richard Childress Racing Continues Longtime Partnership with Johnny Morris and Bass Pro Shops in 2018 to Celebrate Cabela's - Bill Dance Outdoors |url=https://www.billdanceoutdoors.com/news__2.php?selected=1&news=238 |access-date=2024-03-29 |website=www.billdanceoutdoors.com |language=en}}</ref> Cabela's previously had a deck lid space on [[Martin Truex Jr.]]'s Bass Pro Shops car, now a logo on his race suit. They co-sponsor the No. 31 car driven by Ryan Newman.<ref>{{Cite web |date=2017-12-14 |title=Bass Pro, Cabela’s branding to appear together in NASCAR |url=https://sbj.net/stories/bass-pro-cabelas-branding-to-appear-together-in-nascar,56768 |access-date=2024-03-29 |website=Springfield Business Journal |language=en}}</ref><ref>{{Cite web |title=Truex Jr. and Newman to Pilot Bass Pro/Cabela’s Racecars with Patriotic Salutes at Daytona {{!}} Outdoor Wire |url=https://www.theoutdoorwire.com/story/41740707-b200-489a-bdd9-bc57a7400183 |access-date=2024-03-08 |website=www.theoutdoorwire.com}}</ref> |
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In 2019, Cabela’s became a sponsor of Project Childsafe, a National Shooting Sports Foundation program that promotes safe firearms handling and responsible storage.<ref>{{Cite web |last=estaff |date=2013-11-12 |title=Cabela's Partners With NSSF and Project ChildSafe to Promote Firearms Safety |url=https://www.gun-tests.com/news/gun-rights/cabelas-partners-with-nssf-and-project-childsafe-to-promote-firearms-safety-2/ |access-date=2024-03-29 |website=Gun Tests |language=en-US}}</ref><ref>{{Cite web |date=2019-03-26 |title=Bass Pro Shops and Cabela’s Becomes Premier Sponsors of NSSF’s Project ChildSafe |url=https://professionaloutdoormedia.org/story/bass-pro-shops-and-cabelas-becomes-premier-sponsors-of-nssfs-project-childsafe/ |access-date=2024-03-26 |website=POMA |language=en-US}}</ref> Cabela’s has also been the official retailer of SHOT Show Industry Day at the Range.<ref>{{Cite web |title=Cabela’s Renews Contract as Official Retailer of SHOT Show Industry Day at the Range |url=https://www.outdoorhub.com/pr/2014/08/20/cabelas-renews-contract-official-retailer-shot-show-industry-day-range/ |access-date=2024-03-26 |website=OutdoorHub |language=en-US}}</ref> |
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Other sponsorships include [[Safari Club International]],<ref>{{Cite web |last=Advocacy |first=S. C. I. |date=2021-07-28 |title=Bass Pro Shops and Cabela's Continues its Sponsorship of Safari Club International |url=https://safariclub.org/bass-pro-shops-and-cabelas-continues-its-sponsorship-of-safari-club-international/ |access-date=2024-03-26 |website=Safari Club |language=en-US}}</ref> [[National Archery in the Schools Program]],<ref>{{Cite web |last=Wisconsin |first=Waldo |date=July 22, 2020 |title=Bass Pro Shops and Cabela’s become Corporate Sponsor of the 2021 NASP® Educator and Coaches Conference |url=https://www.naspschools.org/bass-pro-shops-and-cabelas-become-corporate-sponsor-of-the-2021-nasp-educator-and-coaches-conference-july-23-24-2021/}}</ref> Project Childsafe,<ref>{{Cite web |last=Cassidy |first=Daphane |date=2019-03-26 |title=Bass Pro Shops and Cabela's Becomes Premier Sponsors of NSSF's Project ChildSafe |url=https://www.nssf.org/articles/bass-pro-shops-cabelas-becomes-premier-sponsors-nssfs-project-childsafe/ |access-date=2024-03-29 |website=NSSF |language=en-US}}</ref> & the Catch a Dream Foundation.<ref>{{Cite web |title=Presenting Sponsor: Bass Pro Shops/Cabelas – Catch-A-Dream Bass Classic |url=https://bassclassic.catchadream.org/2019/03/01/presenting-sponsor-bass-pro-shops-cabelas/ |access-date=2024-03-26 |language=en-US}}</ref><ref>{{Cite web |title=Cabela’s Outdoor Fund Supports Fishing Education Fund with $75,000 Grant |url=https://news.takemefishing.org/Cabelas-Outdoor-Fund-supports-Education-Fund |access-date=2024-03-29 |website=RBFF Press Room |language=en}}</ref> |
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== Outreach == |
== Outreach == |
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=== Military and Veteran Support === |
=== Military and Veteran Support === |
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Cabela’s has supported Helping a Hero, Folds of Honor,<ref>{{Cite web |title=Cabela's in Augusta decorates for Memorial Day, honors employees who served |url=https://www.augustachronicle.com/story/news/local/2023/05/29/cabelas-in-augusta-decorates-for-memorial-day-honors-veterans-georgia-bass-pro-shops/70265296007/ |access-date=2024-03-21 |website=The Augusta Chronicle |language=en-US}}</ref> All Secure Foundation, and Hiring a Hero.<ref>{{Cite web |date=June 1, 2023 |title=Cabela's salutes four local Veterans this Memorial Day |url=https://www.suntelegraph.com/home/cms_data/dfault/photos/stories/id/6/4/18464/2308384.pdf}}</ref> |
Cabela’s has supported Helping a Hero, Folds of Honor,<ref>{{Cite web |last=Christian |first=Bruce |date=2021-11-10 |title=Bass Pro Shops, Cabela’s Honor US Veterans |url=https://insideoutdoor.com/bass-pro-shops-cabelas-honor-us-veterans/ |access-date=2024-03-29 |website=Inside Outdoor Magazine |language=en-US}}</ref><ref>{{Cite web |title=Cabela's in Augusta decorates for Memorial Day, honors employees who served |url=https://www.augustachronicle.com/story/news/local/2023/05/29/cabelas-in-augusta-decorates-for-memorial-day-honors-veterans-georgia-bass-pro-shops/70265296007/ |access-date=2024-03-21 |website=The Augusta Chronicle |language=en-US}}</ref> All Secure Foundation, and Hiring a Hero.<ref name=":2">{{Cite web |date=June 1, 2023 |title=Cabela's salutes four local Veterans this Memorial Day |url=https://www.suntelegraph.com/home/cms_data/dfault/photos/stories/id/6/4/18464/2308384.pdf}}</ref><ref>{{Cite web |last=Staff |first=Daily News |date=2023-05-25 |title=Cabela’s doubles Legendary Salute discount ahead of Memorial Day |url=https://www.gmtoday.com/daily_news/business/cabela-s-doubles-legendary-salute-discount-ahead-of-memorial-day/article_485186ea-4ed9-50f4-a720-54150760da65.html |access-date=2024-03-29 |website=Greater Milwaukee Today |language=en}}</ref> |
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==== Proud Veteran Outfitter Vest Program ==== |
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In 2023, Bass Pro Shops and Cabela’s started the Proud Veteran Outfitter Vest Program and provided Veteran Outfitters (those who work at Bass Pro Shops and Cabela’s) with vests they can wear to work that include their name, military branch and rank, and the U.S. flag.<ref>{{Cite web |title=Sidney Sun-Telegraph |url=https://www.suntelegraph.com/home/cms_data/dfault/photos/stories/id/6/4/18464/2308384.pdf}}</ref> The vests were presented during a ceremony that recognized each Veteran.<ref name=":2" /> |
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==== Legendary Salute Discount ==== |
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The Legendary Salute Discount is Cabela’s and Bass Pro Shops’ discount program and offers a 10% discount on most things in the stores to active military, veterans, retirees, guard, reservists, law enforcement officers, firefighters, paramedics and wildlife agents.<ref>{{Cite web |last=Ousley |first=Jeff |date=2023-06-07 |title=Cabela’s and Bass Pro Shops Military Discount |url=https://veteran.com/cabelas-and-bass-pro-shops-military-discount/ |access-date=2024-03-28 |website=Veteran.com}}</ref><ref>{{Cite web |last=Staff |first=Daily News |date=2023-05-25 |title=Cabela’s doubles Legendary Salute discount ahead of Memorial Day |url=https://www.gmtoday.com/daily_news/business/cabela-s-doubles-legendary-salute-discount-ahead-of-memorial-day/article_485186ea-4ed9-50f4-a720-54150760da65.html |access-date=2024-03-28 |website=Greater Milwaukee Today |language=en}}</ref> |
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=== Conservation === |
=== Conservation === |
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==== Bass Pro Shops and Cabela’s Outdoor Fund ==== |
==== Bass Pro Shops and Cabela’s Outdoor Fund ==== |
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The Outdoor Fund is a 501(c)(3) nonprofit.<ref name=":1">{{Cite web |last=HLNews |date=2021-04-26 |title=Johnny Morris Bass Pro Shops and Cabela’s Outdoor Fund Awards $300K Grant to The National Wild Turkey Federation |url=https://huntinglife.com/johnny-morris-bass-pro-shops-and-cabelas-outdoor-fund-awards-300k-grant-to-the-national-wild-turkey-federation/ |access-date=2023-12-11 |website=HuntingLife.com |language=en-US}}</ref> Customers at Bass Pro Shops and Cabela's can donate to it by choosing to round up their purchases to support different conservation partners and projects.<ref name=":1" /> |
The Outdoor Fund is a 501(c)(3) nonprofit.<ref name=":1">{{Cite web |last=HLNews |date=2021-04-26 |title=Johnny Morris Bass Pro Shops and Cabela’s Outdoor Fund Awards $300K Grant to The National Wild Turkey Federation |url=https://huntinglife.com/johnny-morris-bass-pro-shops-and-cabelas-outdoor-fund-awards-300k-grant-to-the-national-wild-turkey-federation/ |access-date=2023-12-11 |website=HuntingLife.com |language=en-US}}</ref> Customers at Bass Pro Shops and Cabela's can donate to it by choosing to round up their purchases to support different conservation partners and projects.<ref name=":1" /> |
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Partners and recipients of donations include: |
Partners and recipients of donations include: |
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* |
* Casting for Recovery<ref>{{Cite web |last=Banner |first=Bennington |date=2014-12-16 |title=Casting for Recovery names Cabela's Outdoor Fund as national sponsor |url=https://www.benningtonbanner.com/archives/casting-for-recovery-names-cabelas-outdoor-fund-as-national-sponsor/article_d4010eaa-05b0-57e9-b3e0-28fd577159a1.html |access-date=2024-03-28 |website=Bennington Banner |language=en}}</ref> |
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* [[Coastal Prairie Conservancy|The Coastal Prairie Conservancy]]<ref>{{Cite web |last=Kent |first=Roy |date=2022-11-10 |title=Bass Pro Shops and Cabela’s Outdoor Fund joins the Coastal Prairie Conservancy to preserve the Texas coastal prairie |url=https://www.houstonchronicle.com/neighborhood/katy/article/Bass-Pro-Shops-Cabela-s-Outdoor-Fund-help-17574859.php |access-date=2024-02-01 |website=Houston Chronicle |language=en}}</ref> |
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* Elks PTSD Veteran’s Fly Tying and Casting Program<ref>{{Cite web |title=Cabela's boosts veterans fly tying program at university {{!}} The Spokesman-Review |url=https://www.spokesman.com/blogs/outdoors/2017/mar/27/cabelas-boosts-veterans-fly-tying-program-university/ |access-date=2024-03-28 |website=www.spokesman.com}}</ref><ref>{{Cite web |title=Cabela's boosts veterans fly tying program at university {{!}} The Spokesman-Review |url=https://www.spokesman.com/blogs/outdoors/2017/mar/27/cabelas-boosts-veterans-fly-tying-program-university/ |access-date=2024-03-29 |website=www.spokesman.com}}</ref> |
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* Farmers and Hunters Feeding the Hungry<ref>{{Cite web |last=HLNews |date=2022-11-02 |title=Hunger Relief Grant from Bass Pro Shops and Cabela's Outdoor Fund |url=https://huntinglife.com/hunger-relief-grant-from-bass-pro-shops-and-cabelas-outdoor-fund/ |access-date=2024-03-26 |website=HuntingLife.com |language=en-US}}</ref> |
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* Forests Ontario<ref>{{Cite web |last=Canada |first=Outdoor |date=2022-10-18 |title=Cabela’s and Bass Pro Shops customers donate $100,000 to conservation fund • Outdoor Canada |url=https://www.outdoorcanada.ca/cabelas-and-bass-pro-shops-customers-donate-100000-to-conservation-fund/ |access-date=2024-03-28 |website=Outdoor Canada |language=en-CA}}</ref> |
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* The George H.W. Bush Vamos A Pescar Education Fund<ref>{{Cite web |title=Cabela’s Outdoor Fund Supports Fishing Education Fund with $75,000 Grant |url=https://news.takemefishing.org/Cabelas-Outdoor-Fund-supports-Education-Fund |access-date=2024-03-28 |website=RBFF Press Room |language=en}}</ref> |
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* [[Jonathan Dickinson State Park]].<ref>{{Cite web |last=Dove |first=Patrick |title=2,500 bald cypress trees will be planted along the Loxahtatchee River |url=https://www.tcpalm.com/picture-gallery/news/local/martin-county/2021/09/29/2-500-bald-cypress-trees-planted-along-loxahtatchee-river/5844658001/ |access-date=2023-12-11 |website=Treasure Coast |language=en-US}}</ref> |
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* Kentucky State Police - Trooper Island (free children's summer camp)<ref>{{Cite web |last=Staff |first=WBKO News |date=2022-05-18 |title=Kentucky State Police receives $1,000 donation from Cabela’s |url=https://www.wbko.com/2022/05/18/kentucky-state-police-receive-1000-donation-cabelas/ |access-date=2024-03-28 |website=www.wbko.com |language=en}}</ref> |
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* [[National archery in the schools program|National Archery in the School Program]] (NASP)<ref>{{Cite web |last=Ladd |first=Jessica |date=2020-11-21 |title=Bass Pro Shops and Cabela’s Outdoor Fund issues $100,000 grant to NASP |url=https://www.kfvs12.com/2020/11/21/bass-pro-shops-cabelas-outdoor-fund-issues-grant-nasp/ |access-date=2023-12-11 |website=www.kfvs12.com |language=en}}</ref> |
* [[National archery in the schools program|National Archery in the School Program]] (NASP)<ref>{{Cite web |last=Ladd |first=Jessica |date=2020-11-21 |title=Bass Pro Shops and Cabela’s Outdoor Fund issues $100,000 grant to NASP |url=https://www.kfvs12.com/2020/11/21/bass-pro-shops-cabelas-outdoor-fund-issues-grant-nasp/ |access-date=2023-12-11 |website=www.kfvs12.com |language=en}}</ref> |
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* |
* The National Wild Turkey Federation<ref>{{Cite web |date=2021-04-23 |title=Bass Pro Shops, Cabela’s award $300K for national conservation efforts |url=https://www.ky3.com/2021/04/23/bass-pro-shops-cabelas-award-300k-for-national-conservation-efforts/ |access-date=2024-03-29 |website=KY3|language=en}}</ref><ref name=":1" /> |
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* Outdoors Tomorrow Foundation<ref>{{Cite web |date=2021-05-30 |title=Bass Pro and Cabelas Team With Outdoors Tomorrow {{!}} Bass Angler Magazine |url=https://bassanglermag.com/bass-pro-and-cabelas-team-with-outdoors-tomorrow/ |access-date=2024-03-26 |language=en-US}}</ref> |
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== Video games == |
== Video games == |
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== Banking and finance == |
== Banking and finance == |
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Founded in 2001, the World’s Foremost Bank is a subsidiary of Cabela’s.<ref>{{cite web |last=Staff |title=Commercial Banks; Company Overview of World's Foremost Bank |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24792225 |url-status=dead |archive-url=https://archive.today/20130901074938/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24792225 |archive-date=September 1, 2013 |access-date=December 16, 2013 |publisher=Bloomberg Business}}</ref> It is based in Sidney, Nebraska. |
Founded in 2001, the World’s Foremost Bank is a subsidiary of Cabela’s.<ref>{{cite web |last=Staff |title=Commercial Banks; Company Overview of World's Foremost Bank |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24792225 |url-status=dead |archive-url=https://archive.today/20130901074938/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24792225 |archive-date=September 1, 2013 |access-date=December 16, 2013 |publisher=Bloomberg Business}}</ref> It is based in Sidney, Nebraska.<ref>{{Cite web |date=2018-08-17 |title=Cabela's Military Discount {{!}} WeSalute |url=https://www.wesalute.com/offers/cabelas-military-discount |access-date=2024-03-26 |website=www.wesalute.com |language=en}}</ref> |
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The subsidiary consisted of a single-branch bank with a deposit market share in the state of Nebraska of just under 1.2 percent, with $505 million in deposits as of 2011.<ref>{{cite web |last=Henderson |first=Tom |date=March 9, 2011 |title=Who's world's foremost bank? Not World's Foremost Bank – Cabela's Visa rewards program goes awry |url=http://www.crainsdetroit.com/article/20110309/STAFFBLOG07/110309908/whos-worlds-foremost-bank-not-worlds-foremost-bank-cabelas-visa |access-date=September 1, 2013 |publisher=Crain's Detroit Business}}</ref> At the end of 2012, the bank claimed to have $3,731,567,000 in assets.<ref>{{cite web |last=Staff |title=About Us |url=https://www.wfbcds.com/aboutus.jsp |url-status=dead |archive-url=https://web.archive.org/web/20131216053920/https://www.wfbcds.com/aboutus.jsp |archive-date=December 16, 2013 |access-date=December 16, 2013 |publisher=wfbcds.com}}</ref> Sean Baker was appointed president of World's Foremost Bank and chief executive officer on January 1, 2013. Baker replaced Joseph M. Friebe, whose planned retirement was announced in June 2012.<ref name="BusinessWeek">{{cite web |title=Company Overview of World's Foremost Bank |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24792225 |url-status=dead |archive-url=https://archive.today/20130901074938/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24792225 |archive-date=September 1, 2013 |access-date=September 1, 2013 |publisher=BusinessWeek}}</ref> |
The subsidiary consisted of a single-branch bank with a deposit market share in the state of Nebraska of just under 1.2 percent, with $505 million in deposits as of 2011.<ref>{{cite web |last=Henderson |first=Tom |date=March 9, 2011 |title=Who's world's foremost bank? Not World's Foremost Bank – Cabela's Visa rewards program goes awry |url=http://www.crainsdetroit.com/article/20110309/STAFFBLOG07/110309908/whos-worlds-foremost-bank-not-worlds-foremost-bank-cabelas-visa |access-date=September 1, 2013 |publisher=Crain's Detroit Business}}</ref> At the end of 2012, the bank claimed to have $3,731,567,000 in assets.<ref>{{cite web |last=Staff |title=About Us |url=https://www.wfbcds.com/aboutus.jsp |url-status=dead |archive-url=https://web.archive.org/web/20131216053920/https://www.wfbcds.com/aboutus.jsp |archive-date=December 16, 2013 |access-date=December 16, 2013 |publisher=wfbcds.com}}</ref> Sean Baker was appointed president of World's Foremost Bank and chief executive officer on January 1, 2013. Baker replaced Joseph M. Friebe, whose planned retirement was announced in June 2012.<ref name="BusinessWeek">{{cite web |title=Company Overview of World's Foremost Bank |url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24792225 |url-status=dead |archive-url=https://archive.today/20130901074938/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=24792225 |archive-date=September 1, 2013 |access-date=September 1, 2013 |publisher=BusinessWeek}}</ref> |
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=== 2011 FDIC settlement === |
=== 2011 FDIC settlement === |
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In |
In 2011, Cabela’s World’s Foremost Bank agreed to pay $10.1 million in restitution and a $250,000 fine as part of a settlement agreement with the [[Federal Deposit Insurance Corporation]] (FDIC).<ref>{{Cite web |last=Oregonian/OregonLive |first=Laura Gunderson {{!}} The |date=2011-03-09 |title=Cabela's agrees to change its credit card practices |url=https://www.oregonlive.com/windowshop/2011/03/cabelas_agrees_to_change_its_c.html |access-date=2024-03-26 |website=oregonlive |language=en}}</ref> The bank did not admit any wrongdoing in the agreement, but did agree to change certain practices.<ref name="2011FDIC">{{cite web |last=Staff |title=CONSENT ORDER AND ORDER TO PAY FDIC-10-775b FDIC-10-777k In the Matter of WORLD'S FOREMOST BANK SIDNEY, NEBRASKA |url=http://www.fdic.gov/news/news/press/2011/pr11053a.pdf |access-date=December 16, 2013 |publisher=fdic.gov}}</ref> |
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Additionally, the FDIC required WFB to make certain changes in their management policy to increase oversight of their credit card business and to prevent further unfair practices. |
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=== 2011 Royal Bank of Canada loan === |
=== 2011 Royal Bank of Canada loan === |
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The Bank entered into a $411.7 million commitment with the [[Royal Bank of Canada]] under a series of variable funding notes issued by Cabela's Credit Card Master Note Trust. The loan is for three years and accrues interest at a variable rate of commercial paper plus a spread.<ref name="BusinessWeek" /> |
The Bank entered into a $411.7 million commitment with the [[Royal Bank of Canada]] under a series of variable funding notes issued by Cabela's Credit Card Master Note Trust. The loan is for three years and accrues interest at a variable rate of commercial paper plus a spread.<ref name="BusinessWeek" /> |
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=== 2017 |
=== 2017 World’s Foremost Bank Sale & Capital One === |
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As part of the merger with Bass Pro Shops, Cabela's sold the World's Foremost Bank aspect of their business, including over $1 billion in assets, to [[Synovus |
As part of the merger with Bass Pro Shops, Cabela's sold the World's Foremost Bank aspect of their business, including over $1 billion in assets, to [[Synovus|Synovus Financial Corp.]] and [[Capital One|Capital One Financial Corp.]]<ref>{{Cite news |last=Kent |first=Roy |title=Bass Pro Shops and Cabela’s Outdoor Fund joins the Coastal Prairie Conservancy to preserve the Texas coastal prairie |url=https://www.houstonchronicle.com/neighborhood/katy/article/Bass-Pro-Shops-Cabela-s-Outdoor-Fund-help-17574859.php |access-date=2024-03-26 |work=Houston Chronicle |language=en}}</ref> After the deal was completed, Synovus planned to sell the [[credit card]] assets and related liabilities to Capital One Bank (USA) NA.<ref>{{cite web |last=Detrick |first=Hallie |title=Bass Pro Just Completed a $4 Billion Deal to Buy Cabela's |url=https://fortune.com/2017/09/26/bass-pro-and-cabela-merger/ |access-date=June 27, 2020 |publisher=Fortune}}</ref> |
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== See also == |
== See also == |
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{{portal|Companies|Sports}} |
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{{div col|colwidth=30em}} |
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* [[Academy Sports + Outdoors]] |
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* [[Bass Pro Shops]] |
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* [[Dick's Sporting Goods]] |
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* [[Legendary Whitetails]] |
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* [[Scheels]] |
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* [[Sportsman's Warehouse]] |
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* [[List of S&P 400 companies]] |
* [[List of S&P 400 companies]] |
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* [[List of Nebraska companies]] |
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{{div col end}} |
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{{clear}} |
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== References == |
== References == |
Latest revision as of 21:14, 3 December 2024
Company type |
|
---|---|
Industry | Retail |
Founded | December 14, 1961Chappell, Nebraska, U.S. | in
Founders |
|
Headquarters | Sidney, Nebraska, U.S. |
Number of locations | 82 (May 2016, U.S. and Canada) |
Key people | Thomas Millner (CEO) |
Products | Hunting, fishing, outdoor merchandise |
Number of employees | 19,100 (2016) |
Parent | Bass Pro Shops (2017–present) |
Subsidiaries | White River Marine Group |
Website | www |
Cabela's Inc. is an American retailer that specializes in hunting, fishing, boating, camping, and other outdoor recreation merchandise. The chain was founded by Richard N. Cabela and Jim Cabela in 1961. Cabela's was acquired by Springfield, Missouri-based Bass Pro Shops in 2017 and has been a subsidiary since then. The brand’s retail locations feature wildlife exhibits and outdoor designs, and are viewed as tourist attractions.
History
[edit]The company that would become a sporting goods reseller and chain was started in December 1961 in Chappell, Nebraska.[1][2][3] Richard (Dick) N. Cabela purchased $45 worth of fishing flies at a furniture expo in Chicago which he then advertised for sale in a local newspaper advertisement.[4] When his first effort produced only one response, he placed an ad in a national magazine, Sports Afield, which was more successful.[5] Cabela and his wife, Mary, mailed the orders and kept a record of all names and addresses.[5] In 1963, Cabela's brother Jim joined the company.[5] The mimeographed catalog became a printed catalog, and the operation moved into the basement of a family store and then to a former American Legion Hall.[5] In 1968, the company moved again into a former John Deere dealer facility in Sidney, Nebraska.[5] Cabela's then sold fishing gear as well as equipment for hunting, backpacking, and other outdoor activities.[5] In 1991, a 75,000-square-foot retail store was opened in Sidney.[5] More stores were built, decorated with outdoor scenery, mounted animals, and aquariums.[5] Some stores included shooting ranges and archery ranges.[5] By 2014, there were 50 stores across the U.S. and Canada.[5]
On February 17, 2014, founder Dick Cabela died at his home in Sidney, Nebraska, at the age of 77.[6][7]
About half of Cabela's sales come from hunting-related merchandise with about a third derived from the sale of firearms, ammunition and accessories in 2012. Additionally, in 2012 30% of revenue came from direct sales (through catalog and online orders), and 59% from physical retail stores. The remaining 11% of revenue came from its financial subsidiary and credit card business.[8]
In 1996, Gander Mountain, prior to declaring bankruptcy, sold its mail order business to Cabela's with a non-compete clause. In 2007, Cabelas brought suit against them to prevent their re-entry into the mail-order business. Gander Mountain won the lawsuit and began selling online as well.[9]
In February 2013, Cabela's sued Gander Mountain for patent infringement over a fold-up cot that Gander was selling.[9] In December 2013, Gander sued Cabela's for cybersquatting.[9]
In March 2014, Cabela's sold their recreational real estate division, Cabela's Trophy Properties, to Sports Afield.[10][11] The name changed to Sports Afield Trophy Properties.[12]
In January 2016, Cabela's sold their Outdoor Adventures & T.A.G.S. divisions to Worldwide Trophy Adventures.[13][14][15]
On October 3, 2016, Bass Pro Shops announced an agreement to acquire Cabela's for $5.5 billion.[16] In September 2017, Cabela's became part of Bass Pro Shops.[17]
Retail stores
[edit]The largest Cabela's retail facility is in Hamburg, Pennsylvania, with more than 250,000 square feet (23,000 m2) of floor space.[18]
In 2007, Cabela's purchased family-owned S.I.R. Warehouse Sports Store in Winnipeg.[19] In 2010, the Canadian Head Office and Distribution Centre moved across the city, leaving the original location as only a retail store. The company had intended to be a part of the 1,400,000-square-foot (130,000 m2) Lac-Mirabel project near Montreal, which was to include 220,000 square feet (20,000 m2) of retail space, and was planned to open in 2008.[20] But instead, Bass Pro Shops became one of the mall anchors.[21] In 2011 Cabela's opened a 70,000-square-foot (6,500 m2) store in Edmonton, Alberta and a 50,000-square-foot (4,600 m2) store opened in Saskatoon in 2012 another 70,000-square-foot (6,500 m2) store in Calgary, Alberta opened in 2015.
In late 2011, Cabela's announced a new retail initiative called Cabela's Outpost Store[22] was located in Union Gap, Washington, while the second was opened in Saginaw County, Michigan.[23][24] The Outposts have seasonally rotating merchandise, online order kiosks, and in-store pickup.[25]
Currently, there are 70 Cabela’s stores in the U.S. and 10 in Canada.[26]
Acquisition by Bass Pro Shops
[edit]On July 5, 2017, the Federal Trade Commission approved the acquisition of Cabela's by Bass Pro Shops. The acquisition was complete on September 25, 2017.[27] The two brands have a few things in common: they were founded around the same theme and both brand’s store locations were designed to deliver a “destination-like” shopping experience.[28] Cabela’s and Bass Pro Shops locations have also doubled as wildlife exhibits and draw in many tourists.[29][30][31][32] A Cabela’s in Michigan saw 6 million visitors a year and was the state’s largest tourist destination.[29]
Sponsorships
[edit]Cabela's Legendary Adventures sponsored Richard Childress Racing driver Daniel Hemric during the 2019 Monster Energy NASCAR Cup Series in partnership with Bass Pro Shops.[33][34] Cabela's previously had a deck lid space on Martin Truex Jr.'s Bass Pro Shops car, now a logo on his race suit. They co-sponsor the No. 31 car driven by Ryan Newman.[35][36]
In 2019, Cabela’s became a sponsor of Project Childsafe, a National Shooting Sports Foundation program that promotes safe firearms handling and responsible storage.[37][38] Cabela’s has also been the official retailer of SHOT Show Industry Day at the Range.[39]
Other sponsorships include Safari Club International,[40] National Archery in the Schools Program,[41] Project Childsafe,[42] & the Catch a Dream Foundation.[43][44]
Outreach
[edit]Cabela’s works with different organizations focused on military and Veteran support and conservation.[45]
Military and Veteran Support
[edit]Cabela’s has supported Helping a Hero, Folds of Honor,[46][47] All Secure Foundation, and Hiring a Hero.[48][49]
Proud Veteran Outfitter Vest Program
[edit]In 2023, Bass Pro Shops and Cabela’s started the Proud Veteran Outfitter Vest Program and provided Veteran Outfitters (those who work at Bass Pro Shops and Cabela’s) with vests they can wear to work that include their name, military branch and rank, and the U.S. flag.[50] The vests were presented during a ceremony that recognized each Veteran.[48]
Legendary Salute Discount
[edit]The Legendary Salute Discount is Cabela’s and Bass Pro Shops’ discount program and offers a 10% discount on most things in the stores to active military, veterans, retirees, guard, reservists, law enforcement officers, firefighters, paramedics and wildlife agents.[51][52]
Conservation
[edit]Bass Pro Shops and Cabela’s Outdoor Fund
[edit]The Outdoor Fund is a 501(c)(3) nonprofit.[53] Customers at Bass Pro Shops and Cabela's can donate to it by choosing to round up their purchases to support different conservation partners and projects.[53]
Partners and recipients of donations include:
- Casting for Recovery[54]
- The Coastal Prairie Conservancy[55]
- Elks PTSD Veteran’s Fly Tying and Casting Program[56][57]
- Farmers and Hunters Feeding the Hungry[58]
- Forests Ontario[59]
- The George H.W. Bush Vamos A Pescar Education Fund[60]
- Jonathan Dickinson State Park.[61]
- Kentucky State Police - Trooper Island (free children's summer camp)[62]
- National Archery in the School Program (NASP)[63]
- The National Wild Turkey Federation[64][53]
- Outdoors Tomorrow Foundation[65]
Video games
[edit]Cabela's has produced several series of video games for a variety of gaming platforms, including Cabela's Legendary Adventures, Cabela's Big Game Hunter series, Cabela's Dangerous Hunts series, and Cabela's Outdoor Adventures series.
Banking and finance
[edit]Founded in 2001, the World’s Foremost Bank is a subsidiary of Cabela’s.[66] It is based in Sidney, Nebraska.[67]
The subsidiary consisted of a single-branch bank with a deposit market share in the state of Nebraska of just under 1.2 percent, with $505 million in deposits as of 2011.[68] At the end of 2012, the bank claimed to have $3,731,567,000 in assets.[69] Sean Baker was appointed president of World's Foremost Bank and chief executive officer on January 1, 2013. Baker replaced Joseph M. Friebe, whose planned retirement was announced in June 2012.[70]
2011 FDIC settlement
[edit]In 2011, Cabela’s World’s Foremost Bank agreed to pay $10.1 million in restitution and a $250,000 fine as part of a settlement agreement with the Federal Deposit Insurance Corporation (FDIC).[71] The bank did not admit any wrongdoing in the agreement, but did agree to change certain practices.[72]
2011 Royal Bank of Canada loan
[edit]The Bank entered into a $411.7 million commitment with the Royal Bank of Canada under a series of variable funding notes issued by Cabela's Credit Card Master Note Trust. The loan is for three years and accrues interest at a variable rate of commercial paper plus a spread.[70]
2017 World’s Foremost Bank Sale & Capital One
[edit]As part of the merger with Bass Pro Shops, Cabela's sold the World's Foremost Bank aspect of their business, including over $1 billion in assets, to Synovus Financial Corp. and Capital One Financial Corp.[73] After the deal was completed, Synovus planned to sell the credit card assets and related liabilities to Capital One Bank (USA) NA.[74]
See also
[edit]References
[edit]- ^ Funk, Josh. "Bass Pro completes $4 billion acquisition of Cabela's". USA TODAY. Retrieved November 21, 2023.
- ^ "Dick Cabela dies at 77; co-founded Cabela's sporting goods empire". Los Angeles Times. February 20, 2014. Retrieved March 29, 2024.
- ^ Helliker, Sara Germano and Kevin. "Bass Pro Shops to Acquire Cabela's". WSJ. Retrieved March 29, 2024.
- ^ Staff (May 2014). "Random Shots: In Memory: Richard "Dick" Cabela". American Rifleman. 162 (5): 28.
- ^ a b c d e f g h i j "Dick Cabela dies at 77; co-founded Cabela's sporting goods empire". Los Angeles Times. February 20, 2014. Retrieved December 1, 2023.
- ^ "Richard Cabela, co-founder of outdoors outfitter, dies at 77". The Denver Post. Associated Press. February 17, 2014. Retrieved September 7, 2023.
- ^ Harris, Elizabeth A. (February 22, 2014). "Richard Cabela, Who Sold the Great Outdoors, Is Dead at 77". The New York Times. ISSN 0362-4331. Retrieved September 7, 2023.
- ^ Santoli, Michael. "Outdoor Enthusiasts Flock to Cabela's, Investors Follow". Yahoo Finance. Retrieved September 1, 2013.
- ^ a b c Orrick, Dave (December 14, 2013). "Gander Mountain sues Cabela's over web addresses". TwinCities.com, Pioneer Press. Retrieved December 16, 2013.
- ^ "Sports Afield Buys Recreational Real Estate Firm | License! Global". www.licensemag.com. Retrieved August 1, 2017.
- ^ "Brand Licensing, Partnerships and Collaborations in Publishing | News". License Global. Retrieved March 29, 2024.
- ^ "Brand Licensing, Partnerships and Collaborations in Publishing | News". License Global. Retrieved January 8, 2024.
- ^ "Worldwide Trophy Adventures Acquires Cabela's Outdoor Adventures and T.A.G.S Businesses | Outdoor Wire". www.theoutdoorwire.com. Retrieved January 8, 2024.
- ^ Bilyj, Brooke. "Mark Peterson chases his passion with Worldwide Trophy Adventures". Huntington.com.
- ^ Sun-Telegraph, The Sidney. "Worldwide Trophy Adventures acquires Cabela's Outdoor Adventures, T.A.G.S businesses". The Sidney Sun-Telegraph. Retrieved January 8, 2024.
- ^ "Cabela's stores to be sold to Bass Pro Shops for $5.5 billion". Archived from the original on December 21, 2016. Retrieved December 18, 2016.
- ^ "Cabela's Now Officially Part of Bass Pro Shops After Merger". KSMU Radio. September 26, 2017. Retrieved November 21, 2023.
- ^ Marsya, Haris (August 19, 2023). "Top 10 Biggest Cabela's". Toplist. Retrieved March 8, 2024.
- ^ Canadian Broadcasting Corporation (August 16, 2007). "U.S. firm buys longtime Winnipeg outfitter". CBC News. Retrieved August 16, 2007.
- ^ Cabela's Montreal store Press Release Cabelas.com
- ^ "Lac Mirabel press release" (PDF). Archived from the original (PDF) on September 4, 2012. Retrieved October 14, 2016.
- ^ "Cabela's to open 'outpost' store near Yakima | The Spokesman-Review". www.spokesman.com. Retrieved March 29, 2024.
- ^ "Cabela's to open 'outpost' store near Yakima | The Spokesman-Review". www.spokesman.com. Retrieved February 28, 2024.
- ^ klynchmo@mlive.com, Kathryn Lynch-Morin | (July 26, 2012). "Cabela's store to open in Saginaw County". mlive. Retrieved March 29, 2024.
- ^ klynchmo@mlive.com, Kathryn Lynch-Morin | (July 26, 2012). "Cabela's store to open in Saginaw County". mlive. Retrieved March 26, 2024.
- ^ "Bass Pro Shops / Cabela's". sportsinsightmag.com. Retrieved January 9, 2024.
- ^ Hallie Detrick (September 26, 2017). "Bass Pro Just Completed a $4 Billion Deal to Buy Cabela's". Fortune. Retrieved December 20, 2018.
- ^ "Bass Pro Shops completes $5B Cabela's acquisition". Retail Dive. Retrieved February 13, 2024.
- ^ a b Helliker, Sara Germano and Kevin. "Bass Pro Shops to Acquire Cabela's". WSJ. Retrieved February 13, 2024.
- ^ Schneck, Marcus (November 22, 2009). "Central Pennsylvania's super-aquariums: A new Nature's Navigator". pennlive. Retrieved March 29, 2024.
- ^ Upholt, Boyce (August 10, 2022). "How the Bass Pro Shops Pyramid Became a Memphis Icon". Outside Online. Retrieved February 13, 2024.
- ^ Ness, Jake Van (March 13, 2023). "Bass Pro Shops Plans To Open Its Newest Store In Clifton Park, Its 4th In New York State". Saratoga Business Journal. Retrieved March 29, 2024.
- ^ "Jayski's Silly Season Site".
- ^ "Richard Childress Racing Continues Longtime Partnership with Johnny Morris and Bass Pro Shops in 2018 to Celebrate Cabela's - Bill Dance Outdoors". www.billdanceoutdoors.com. Retrieved March 29, 2024.
- ^ "Bass Pro, Cabela's branding to appear together in NASCAR". Springfield Business Journal. December 14, 2017. Retrieved March 29, 2024.
- ^ "Truex Jr. and Newman to Pilot Bass Pro/Cabela's Racecars with Patriotic Salutes at Daytona | Outdoor Wire". www.theoutdoorwire.com. Retrieved March 8, 2024.
- ^ estaff (November 12, 2013). "Cabela's Partners With NSSF and Project ChildSafe to Promote Firearms Safety". Gun Tests. Retrieved March 29, 2024.
- ^ "Bass Pro Shops and Cabela's Becomes Premier Sponsors of NSSF's Project ChildSafe". POMA. March 26, 2019. Retrieved March 26, 2024.
- ^ "Cabela's Renews Contract as Official Retailer of SHOT Show Industry Day at the Range". OutdoorHub. Retrieved March 26, 2024.
- ^ Advocacy, S. C. I. (July 28, 2021). "Bass Pro Shops and Cabela's Continues its Sponsorship of Safari Club International". Safari Club. Retrieved March 26, 2024.
- ^ Wisconsin, Waldo (July 22, 2020). "Bass Pro Shops and Cabela's become Corporate Sponsor of the 2021 NASP® Educator and Coaches Conference".
- ^ Cassidy, Daphane (March 26, 2019). "Bass Pro Shops and Cabela's Becomes Premier Sponsors of NSSF's Project ChildSafe". NSSF. Retrieved March 29, 2024.
- ^ "Presenting Sponsor: Bass Pro Shops/Cabelas – Catch-A-Dream Bass Classic". Retrieved March 26, 2024.
- ^ "Cabela's Outdoor Fund Supports Fishing Education Fund with $75,000 Grant". RBFF Press Room. Retrieved March 29, 2024.
- ^ Christian, Bruce (November 10, 2021). "Bass Pro Shops, Cabela's Honor US Veterans". Inside Outdoor Magazine. Retrieved March 5, 2024.
- ^ Christian, Bruce (November 10, 2021). "Bass Pro Shops, Cabela's Honor US Veterans". Inside Outdoor Magazine. Retrieved March 29, 2024.
- ^ "Cabela's in Augusta decorates for Memorial Day, honors employees who served". The Augusta Chronicle. Retrieved March 21, 2024.
- ^ a b "Cabela's salutes four local Veterans this Memorial Day" (PDF). June 1, 2023.
- ^ Staff, Daily News (May 25, 2023). "Cabela's doubles Legendary Salute discount ahead of Memorial Day". Greater Milwaukee Today. Retrieved March 29, 2024.
- ^ "Sidney Sun-Telegraph" (PDF).
- ^ Ousley, Jeff (June 7, 2023). "Cabela's and Bass Pro Shops Military Discount". Veteran.com. Retrieved March 28, 2024.
- ^ Staff, Daily News (May 25, 2023). "Cabela's doubles Legendary Salute discount ahead of Memorial Day". Greater Milwaukee Today. Retrieved March 28, 2024.
- ^ a b c HLNews (April 26, 2021). "Johnny Morris Bass Pro Shops and Cabela's Outdoor Fund Awards $300K Grant to The National Wild Turkey Federation". HuntingLife.com. Retrieved December 11, 2023.
- ^ Banner, Bennington (December 16, 2014). "Casting for Recovery names Cabela's Outdoor Fund as national sponsor". Bennington Banner. Retrieved March 28, 2024.
- ^ Kent, Roy (November 10, 2022). "Bass Pro Shops and Cabela's Outdoor Fund joins the Coastal Prairie Conservancy to preserve the Texas coastal prairie". Houston Chronicle. Retrieved February 1, 2024.
- ^ "Cabela's boosts veterans fly tying program at university | The Spokesman-Review". www.spokesman.com. Retrieved March 28, 2024.
- ^ "Cabela's boosts veterans fly tying program at university | The Spokesman-Review". www.spokesman.com. Retrieved March 29, 2024.
- ^ HLNews (November 2, 2022). "Hunger Relief Grant from Bass Pro Shops and Cabela's Outdoor Fund". HuntingLife.com. Retrieved March 26, 2024.
- ^ Canada, Outdoor (October 18, 2022). "Cabela's and Bass Pro Shops customers donate $100,000 to conservation fund • Outdoor Canada". Outdoor Canada. Retrieved March 28, 2024.
- ^ "Cabela's Outdoor Fund Supports Fishing Education Fund with $75,000 Grant". RBFF Press Room. Retrieved March 28, 2024.
- ^ Dove, Patrick. "2,500 bald cypress trees will be planted along the Loxahtatchee River". Treasure Coast. Retrieved December 11, 2023.
- ^ Staff, WBKO News (May 18, 2022). "Kentucky State Police receives $1,000 donation from Cabela's". www.wbko.com. Retrieved March 28, 2024.
- ^ Ladd, Jessica (November 21, 2020). "Bass Pro Shops and Cabela's Outdoor Fund issues $100,000 grant to NASP". www.kfvs12.com. Retrieved December 11, 2023.
- ^ "Bass Pro Shops, Cabela's award $300K for national conservation efforts". KY3. April 23, 2021. Retrieved March 29, 2024.
- ^ "Bass Pro and Cabelas Team With Outdoors Tomorrow | Bass Angler Magazine". May 30, 2021. Retrieved March 26, 2024.
- ^ Staff. "Commercial Banks; Company Overview of World's Foremost Bank". Bloomberg Business. Archived from the original on September 1, 2013. Retrieved December 16, 2013.
- ^ "Cabela's Military Discount | WeSalute". www.wesalute.com. August 17, 2018. Retrieved March 26, 2024.
- ^ Henderson, Tom (March 9, 2011). "Who's world's foremost bank? Not World's Foremost Bank – Cabela's Visa rewards program goes awry". Crain's Detroit Business. Retrieved September 1, 2013.
- ^ Staff. "About Us". wfbcds.com. Archived from the original on December 16, 2013. Retrieved December 16, 2013.
- ^ a b "Company Overview of World's Foremost Bank". BusinessWeek. Archived from the original on September 1, 2013. Retrieved September 1, 2013.
- ^ Oregonian/OregonLive, Laura Gunderson | The (March 9, 2011). "Cabela's agrees to change its credit card practices". oregonlive. Retrieved March 26, 2024.
- ^ Staff. "CONSENT ORDER AND ORDER TO PAY FDIC-10-775b FDIC-10-777k In the Matter of WORLD'S FOREMOST BANK SIDNEY, NEBRASKA" (PDF). fdic.gov. Retrieved December 16, 2013.
- ^ Kent, Roy. "Bass Pro Shops and Cabela's Outdoor Fund joins the Coastal Prairie Conservancy to preserve the Texas coastal prairie". Houston Chronicle. Retrieved March 26, 2024.
- ^ Detrick, Hallie. "Bass Pro Just Completed a $4 Billion Deal to Buy Cabela's". Fortune. Retrieved June 27, 2020.
External links
[edit]- Companies formerly listed on the New York Stock Exchange
- American companies established in 1961
- Retail companies established in 1961
- 1961 establishments in Nebraska
- Companies based in Nebraska
- Online retailers of the United States
- Sporting goods retailers of the United States
- Cheyenne County, Nebraska
- Firearm commerce
- 2017 mergers and acquisitions
- American corporate subsidiaries