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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.
Cabela's purchased S.I.R. Sports Store in 2007 as a launching pad for the company's planned expansion into Canada. The S.I.R. facilities acquired through the purchase became the headquarters for Cabela's Canadian operations. "We have a growing, tremendously loyal customer base in Canada," said Cabela's Chief Executive Officer Tommy Millner.
Oct 3, 2016 · Before striking a deal to buy rival Cabela’s for about $4.5 billion, Bass Pro Shops founder John Morris started an outdoor-goods empire by selling lures and bait from his father’s liquor store ...
Sep 25, 2017 · Cabela’s shareholders are receiving $61.50 per share in the merger. The remaining company will be privately held. As part of the deal, Cabela’s credit-card unit was sold to Synovus bank, which received $75 million to act as a middleman. Synovus also kept $1.1 billion in deposits before reselling the credit card business to Capital One.
- jfunk@ap.org
- AP Business Writer
Bass Pro Shops and Cabela's operates retail locations in the United States, as well as in Canada. [34] The most common stores are Outdoor World stores. [34] Their largest store is the Pyramid in Memphis, Tennessee. [35] As of January 2023, the company operates 177 Bass Pro Shops and Cabela's stores combined.
Oct 3, 2016 · On Monday, hunting, fishing, and camping retailer Bass Pro Shops announced it is acquiring its top rival Cabela's Inc. (CAB) in a deal with $5.5 billion, or $65.50 per share.
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Sep 27, 2017 · Bass Pro Shops will now acquire Cabela’s for $61.50 per share in cash (down from the previously announced price of $65.50) — an aggregate transaction value of $5 billion.
