Time for Thorns

An independent view on life.

Cabela’s future?

with 2 comments

I don’t think it is  as uncertain  as some do.   Granted, the family’s control is down to only 24%,  but a large part of the company’s success is its focus on family activities and community involvement.   It actually believes in its slogans.  The town of Sidney,  Nebraska is very dependent on the company keeping its headquarters there.

Members of my family have purchased various items there over the years, and always been satisfied with their purchases and with the level of customer service.   Too often takeovers are accomplished with disregard for those qualities which made the target successful,  and the takeover eventually kills the company.   I hope this won’t be the case for Cabela’s.

 

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Written by timeforthorns

January 5, 2016 at 10:09 am

2 Responses

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  1. Unfortunately at least a couple of Cabela’s directors, probably Mike McCarthy, and probably Tommy Milner, the CEO, are all about empire building and profiting from the fallout. Otherwise Cabela’s would have already squelched the gossip with their new high-powers PR firm.

    The credit card company relies on the retail stores for new customers and the retail stores enjoy a lot of bottom-line profit from the WFB; I don’t think they can be split without a real negative affect on both.

    From Jim’s lack of involvement in recent questions from the media, I’m not sure that he cares much of what happens.

    I just can’t imagine Bass even wanting Cabela’s…although they look alike on the outside they are very different on the inside!

    B C Kinsey

    January 7, 2016 at 2:34 am

  2. I suspect you have it right, and that would be a shame. Like you, I’d be very surprised if Bass were truly interested in Cabela’s, as they are two quite different animals in the retail world.

    timeforthorns

    January 7, 2016 at 2:52 am


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