cabelas going out of business

Discussion in 'Tackle Talk' started by Mr Burgundy, Nov 21, 2015.

  1. Mr Burgundy

    Mr Burgundy

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    It hadn't been officially announced yet but it looks as of Jan 1st cabelas will be no more. Word has it bps is purchased the company. Might have some killer sales on equipment coming up
     
  2. Steve

    Steve Staff Member Admin

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    If it is a buyout by BPS of Cabelas I don't see why they would have sales.
     

  3. frenchriver1

    frenchriver1 Mr. Flatfish Premium Member

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    Why would BPS invest in a company just to close it down, considering the millions that are invested in the Cabela's substantial store network? They are competitors, sure, but....
     
  4. woodie slayer

    woodie slayer

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    guess i better use up my points ive accumulated
     
    Liver and Onions likes this.
  5. sureshot006

    sureshot006 Staff Member Mods

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    If I'm reading that article right, it has not actually happened yet if ever.
     
  6. Ranger Ray

    Ranger Ray Smells like, Victory! Premium Member

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  7. Hunting18

    Hunting18

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    I believe it was a fake right up...
     
  8. Mr Burgundy

    Mr Burgundy

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    Well if it was a fake right up, it's got the people at cabelas scared. I have a friend that works at one (not in this state ) and it's made its way into his store.
     
  9. wolverines

    wolverines

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    I heard that BPS, who own Nitro/Tracker, bought Ranger boats and that Cabelas was still going to sell Ranger. Hadn't heard anything about BPS actually buying Cabelas.
     
  10. Lou is Blue

    Lou is Blue

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    This type of crap happens regularly with public firms, family companies, and even hospitals now. No one gets to opt out of a liability (your points), unless a bankruptcy judges says so. This is a non-event until something is acquired, if you believe the line about the credit card business, then you can start suspecting that if you carry a balance on a cabela's credit card, that business line might be sold. Credit card debt sells at a premium.
     
  11. Happy-Hooker

    Happy-Hooker

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    Having been to both stores....BPS is the little bro, to Cabelas. Dont know how the little fish is gunna eat the big fish, but i aint a buisness man. Pecking order to me...Cabelas, BPS, Feild n Stream, and GM. Jays 3rd if you live in MI.
     
  12. syonker

    syonker

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    For storefront purchases I bypass BPS, Cabela's, & GM in favor of Jay's, Frank's & Northwoods Outfitters.
     
  13. Happy-Hooker

    Happy-Hooker

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    I agree, i would also. I just dont live near Franks or Jays. I drive by Cabelas all the time though.
     
  14. Woodbutcher-1

    Woodbutcher-1

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    I am reading an Article In the Source News paper for Shelby Twp./ Utica. In the Business section page A6,Sunday,Dec.6, 2015
    Outdoor retailer eyeing Chesterfield property
    A new open-air shopping center proposed for Chesterfield Twp. likely will include a Cabela's outdoor
    merchandise store, according to officials familiar with the project.
    The Sidney, Neb.--based retailer would be part of the Outlets of Southern Michigan site planned for a
    parcel of former lagoon property located north of M-59 (Hall Road) and of Interstate 94.

    The story goes on and on. I could not find the article on-line for me to just simply provide the link.
    My one finger hunt and peck isn't going to do it for the whole article.

    So....... one will wonder, if plans are to close existing stores,why build a new one.????