Cabelas Sale Imminent 2024
Glenn reply :
Looks like the buyout of Cabela's by Bass Pro Shops is a done deal....
http://nypost.com/2016/07/14/cabelas-nears-sale-to-goldman-sachs-and-bass-pro-shops/
massrob reply :
Wow do you think this will be a good thing?
IndianaFinesse reply :
On 7/20/2016 at 12:25 PM, massrob said:Wow do you think this will be a good thing?
Nope. Now that basspro owns cabelas they will have less competition, so there already crazy prices will likely go even higher. Luckily for us there is still tackle warehouse, but I am going to miss Cabela's bargain cave.
jtharris3 reply :
Well, I live 5 minutes from the Cabela's in Dundee, MI and have a Bass Pro about 40 minutes from me in Rossford, OH. I've always gotten better service, selection and price from the Bass Pro. I'm referring to just fishing items. I guess, from my personal experience, I don't see it as a negative. With one big exception, there will be one less big competitor in the market. That's never a good thing for the consumer. It will be interesting to see how this plays out.
Im also interested to see how many of the Cabela's store are converted to a Bass Pro and stay open. I know the Dundee store averages approx. 35,000 people a weekend through that store. If it closed, it would put a big dent in the economy here.
j bab reply :
I actually work at a Cabela's part time. As long as I keep my job it's fine by me.
BiteFiend reply :
On 7/20/2016 at 1:57 PM, jtharris3 said:Well, I live 5 minutes from the Cabela's in Dundee, MI and have a Bass Pro about 40 minutes from me in Rossford, OH. I've always gotten better service, selection and price from the Bass Pro. I'm referring to just fishing items. I guess, from my personal experience, I don't see it as a negative. With one big exception, there will be one less big competitor in the market. That's never a good thing for the consumer. It will be interesting to see how this plays out.
Im also interested to see how many of the Cabela's store are converted to a Bass Pro and stay open. I know the Dundee store averages approx. 35,000 people a weekend through that store. If it closed, it would put a big dent in the economy here.
My experience has been the opposite. I get much better service from Cabelas than at Bass Pro. I think it just depends on the location.
I prefer Cabelas' house brand rods, line, and some of their reels over the same Bass Pro house brand items. I do wonder how this buyout will affect their house brand stuff.
Another question I thought of early on in this buyout process was that perhaps Bass Pro may re-brand/re-focus the two stores. With the buyout of Cabelas, I wonder if they will shift Bass Pro to strictly a fishing focus; where it made it's bones early on before expanding into hunting. Likewise, I wonder if they will shift Cabelas to strictly a hunting focus; which is how they originated.
Either way, less competion in the market is never a good thing. The consumer will suffer. Hopefully online tackle companies such as tackle warehouse can provide enough competition to at least keep them honest.
Fishes in trees reply :
I can't say that I've gotten great service at either the BPS or Cabelas in the KC Metro area. In both places, I've walked into an aisle and had store workers to a 180 and walk away. Many years ago, I'd pass through the Springfield MO store a couple of times per year and some of the help were helpful.
trick worms reply :
Academy and tackle warehouse are the way to go for buying tackle. Best prices. I never buy from bass pro unless I have a coupon or gift card
DogBone_384 reply :
On 7/20/2016 at 12:38 PM, IndianaFinesse said:Nope. Now that basspro owns cabelas they will have less competition, so there already crazy prices will likely go even higher. Luckily for us there is still tackle warehouse.
X2. Think of it as a mini monopoly. It could go two ways: prices could just go higher because of less competition, or the new corporation could dump prices, a.k.a Walmart, and drive small retailers and mom & pops out of business, then raise prices.
frogflogger reply :
Cabelas has been family owned - now it won't be
Preytorien reply :
Please please TW....DO NOT SELL!!!
Damn Yankee reply :
Think I'll miss the bargain cave most of all.Cabelas seem to have better stuff on sale, not just house brands
Choporoz reply :
BPS, Cabelas, Gander....little distinction in my mind, anyway. may just be me, but years ago, they had different 'personalities'; now, I have zero preference....except for whichever most recently offered a deal on something I needed..
Lucky Craft Man reply :
I find this to be very disappointing news. I suspect Bass Pro will convert some Cabelas stores over to a Bass Pro (while closing the others) and then will try to force feed their house brands down the consumers throats. The most saddening part is that Bass Pro's fly department is a joke. Cabelas actually has decent house brand fly rods (the LSi is still on of the most underated fly rods out there) and they always seemed to have a better in-stock selection (though, it helps that the Cabelas near me has a distribution center I can goto and pick up items). Sad news.
j bab reply :
On 7/20/2016 at 9:57 PM, frogflogger said:Cabelas has been family owned - now it won't be
Can you still consider yourself family owned when you're a publicly traded company?
Todd2 reply :
I have a local BPS and Cabelas, but do most of my shopping at Academy.
d-camarena reply :
I prefer cabelas, their house brand rods and reels are good too.
James Pondscum reply :
I live about halfway between the Dundee cabelas and the Rossford bps and on the weekend you cant go to the cabelas because of the amount of people. BPS not so much? BPS seems a little higher on price then cabelas on every day prices.
Cgrinder reply :
BOO!
I guess I won't have to drive down to Dundee anymore.
blckshirt98 reply :
I've found sound great deals in the Cabela's Bargain Cave over the years. No Cabela's brick and mortar stores near me, but it sucks losing another online store where I can find great deals. I wonder if BPS will keep the Cabela's brand name and existing stores, or just turn them all into BPS stores.
iiTzChunky reply :
Good that place is crazy expensive. At least in my area. BP has everything they have much cheaper.
For everyone bummed out about this, there's always gander mtn hopefully there's one close to yall.
MassYak85 reply :
On 7/20/2016 at 2:42 PM, j bab said:I actually work at a Cabela's part time. As long as I keep my job it's fine by me.
Same here, but I'm only there for the summer.
I honestly rarely shop at either Bass Pro or Cabelas, their selection is poor for certain things. Only reason I really go to Bass Pro is Stick-O's, Speed Shads, and Carbonlites.
timcauliffe reply :
We just had one open no more than a year or two ago here in Hudson, MA - where I live. Wondering if it will close or be turned into a BPS...
MassYak85 reply :
On 7/21/2016 at 3:23 AM, timcauliffe said:We just had one open no more than a year or two ago here in Hudson, MA - where I live. Wondering if it will close or be turned into a BPS...
I'll be interested too, with the Bass Pro in Foxborough. They are about 45 minutes to an hour apart so they might deem it worthwhile to have two stores. Although I am surethe people who shop there will still make the drive either way.
Fishinthefish reply :
I'm honestly not fond of either thanks to the internet. Between better prices, larger selection and not having to have people who generally don't know a stick bait from a rat l trap talk about tackle next to me in the isle I'm happy never going to a fishing store besides a mom and pop tackle shop again.
Gundog reply :
I shop at both Cabela's and BPS. I think the only loser in this deal is gonna be the consumers. I agree that BPS will be pushing its own brand of everything more, but they have been doing that for decades. Every year the BPS catalog has more BPS brand items (lure, reels, rods, clothing, etc.) than the last year. I think prices will go up, making websites like ebay and buying used items more popular with anglers looking for a deal. All in all, I believe this is gonna be a negative for us the fishermen and women.
riverbasser reply :
Dang Johnny Morris is one rich SOB. He is the Walmart of bass fishing now. I just heard the other day that he owns almost all the major bass boat brands now as well. Ranger, champion and skeeter.
frogflogger reply :
On 7/20/2016 at 11:02 PM, j bab said:Can you still consider yourself family owned when you're a publicly traded company?
You are right - according to what I read a hedge fund manager said the company was "ran like a family business" and didn't pay enough attention to the bottom line.
Rick Howard reply :
I saw no distinction between the two stores. Just retailers doing retail. Curious to see how they merge the stores. I bet... Some BPS stores will relocate into cabelas locations if they are close. I think BPS puts their name on the doors of them all after a few years. Just my hunch.
Gundog reply :
On 7/21/2016 at 10:07 PM, riverbasser said:Dang Johnny Morris is one rich SOB. He is the Walmart of bass fishing now. I just heard the other day that he owns almost all the major bass boat brands now as well. Ranger, champion and skeeter.
Can't prove they own Skeeter boats but BPS owns ranger, triton, stratos, and champion. Just read that Skeeter & G3 are owned by Yamaha.
riverbasser reply :
On 7/21/2016 at 11:50 PM, Gundog said:Can't prove they own Skeeter boats but BPS owns ranger, triton, stratos, and champion. Just read that Skeeter & G3 are owned by Yamaha.
That's sounds right to me. That's crazy that all would sell.
Locknload59 reply :
I used to be a frequent shopper at BPS until I finally decided to do my purchasing at Tackle Warehouse 3 years ago. I never realized how expensive BPS was until I started comparing.
Gilgamesh reply :
Is there any way we can take advantage of this buyout and get some good cabela's deals, or is that not how these things go down?
buzzed bait reply :
they aren't very likely to close nor convert any of the stores, except for only the poorest performing stores. they're buying them so that no matter which one you shop at, the money goes into the same pockets in the end. will more than likely be business as usual at both chains.
the reel ess reply :
As long as Cabela's stays open I don't really care. There's one a lot closer to me than there is a BPS.
WRB reply :
Maybe BPS will carry the Cabela's line of sun protection clothing.
Johnny Morris has been on a acquisition spree lately!
Buy the name and change the upper management is how this plays out.
Tom
Jdw2920 reply :
chattanooga just got a bass pro last week and a cabelas a year ago literally 2 miles apart this should be interesting
Redlinerobert reply :
On 7/20/2016 at 10:10 PM, Preytorien said:Please please TW....DO NOT SELL!!!
Well...if someone offered me 20x earnings all cash for my business it would be difficult to say no.
Preytorien reply :
On 7/22/2016 at 10:20 PM, Redlinerobert said:Well...if someone offered me 20x earnings all cash for my business it would be difficult to say no.
That's true, it'd be hard to say no to that. But from a customer point of view I'm hopeful that TW doesn't ever sell
Further North reply :
On 7/20/2016 at 9:57 PM, frogflogger said:Cabelas has been family owned - now it won't be
Cabela's went from being family owned to publicly owned several years ago.
Avalonjohn44 reply :
I can't imagine that BPS would keep two stores within a few miles of each other open. If they do close a store, there will be huge sales at the closing stores, and whatever doesn't get sold gets will be moved to existing stores as clearance inventory. In the short term it could be great for the those of us that want to beef up our collections...
I've picked up a ton of gear that way from my local Gander Mt. It seems they are the repository for all of the other Gander Mountains nearby that have closed. I was buying Zoom, Power Bait and Lake Fork bags of soft plastics for as low as $.75 a bag, various hard baits for $.97 and Skeet Reese rods for $20 (love em or hate em, 20 bucks is a dang good deal for those)...
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