97,500-Square-Foot-Location Scheduled to Open Spring 2015
SIDNEY, Neb.--(BUSINESS WIRE)--Dec. 18, 2013--
Cabela’s Incorporated (NYSE:CAB), the World’s Foremost Outfitter® of
hunting, fishing and outdoor gear, announced today plans to bring the
extraordinary Cabela’s retail experience to customers in Fort Mill,
S.C., a suburb of Charlotte, N.C.
Construction on the 97,500-square-foot store is scheduled to begin in
2014 and Cabela’s anticipates a spring 2015 opening. It will be Cabela’s
second store in South Carolina, joining the Greenville location
scheduled to open in spring 2014. The company also recently announced
plans to open a store in Garner, N.C., in 2015.
The store will be located along Interstate 77 across from the Carowinds
amusement park on a 20-acre parcel of land currently occupied by the
Plaza Fiesta mall. Cabela’s expects to employ approximately 225
full-time, part-time and seasonal employees, with most coming from Fort
Mill and the surrounding area.
“The overwhelmingly positive response to our recent Greenville and
Garner announcements, coupled with the passion North and South
Carolinians have for outdoor recreation, encouraged us to open a store
in Fort Mill,” said Tommy Millner, Cabela’s Chief Executive Officer. “We
are thrilled to get to work on the project and look forward to opening
In addition to thousands of quality outdoor products, the store will
feature a mountain replica, aquarium, museum-quality wildlife displays,
indoor archery range, deli and Bargain Cave. It also will include a
full-service boat shop and a comprehensive selection of wildlife and
land management products, including tractors, attachments and implements.
Cabela’s stores showcase thousands of products, including hunting,
fishing, camping, hiking, boating and wildlife-watching gear, as well as
clothing and outdoor-themed gifts and furnishings. The company is famous
for its strong brand and world-renowned reputation for delivering
quality merchandise, value and legendary customer service.
Currently, Cabela’s operates 50 stores across North America with plans
to open an additional 20 over the next two years.
About Cabela’s Incorporated
Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading
specialty retailer, and the world’s largest direct marketer, of hunting,
fishing, camping and related outdoor merchandise. Since the Company’s
founding in 1961, Cabela’s® has grown to become one of the most
well-known outdoor recreation brands in the world, and has long been
recognized as the World’s Foremost Outfitter®. Through Cabela’s growing
number of retail stores and its well-established direct business, it
offers a wide and distinctive selection of high-quality outdoor products
at competitive prices while providing superior customer service.
Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves
as its primary customer loyalty rewards program. Cabela’s stock is
traded on the New York Stock Exchange under the symbol “CAB”.
Caution Concerning Forward-Looking Statements
Statements in this press release that are not historical or current fact
are "forward-looking statements" that are based on the Company's
beliefs, assumptions, and expectations of future events, taking into
account the information currently available to the Company. Such
forward-looking statements include, but are not limited to, the
Company's statements regarding opening a retail store in Fort Mill,
S.C., and opening 20 new retail stores over the next two years.
Forward-looking statements involve risks and uncertainties that may
cause the Company's actual results, performance, or financial condition
to differ materially from the expectations of future results,
performance, or financial condition that the Company expresses or
implies in any forward-looking statements. These risks and uncertainties
include, but are not limited to: the state of the economy and the level
of discretionary consumer spending, including changes in consumer
preferences and demographic trends; adverse changes in the capital and
credit markets or the availability of capital and credit; the Company's
ability to successfully execute its omni-channel strategy; increasing
competition in the outdoor sporting goods industry and for credit card
products and reward programs; the cost of the Company's products,
including increases in fuel prices; the availability of the Company's
products due to political or financial instability in countries where
the goods the Company sells are manufactured; supply and delivery
shortages or interruptions, and other interruptions or disruptions to
the Company's systems, processes, or controls, caused by system changes
or other factors; increased or adverse government regulations, including
regulations relating to firearms and ammunition; the Company's ability
to protect its brand, intellectual property, and reputation; the outcome
of litigation, administrative, and/or regulatory matters (including a
Commissioner's charge the Company received from the Chair of the U. S.
Equal Employment Opportunity Commission in January 2011); the Company's
ability to manage credit, liquidity, interest rate, operational, legal,
and compliance risks; the Company's ability to increase credit card
receivables while managing credit quality; the Company's ability to
securitize its credit card receivables at acceptable rates or access the
deposits market at acceptable rates; the impact of legislation,
regulation, and supervisory regulatory actions in the financial services
industry, including the Dodd-Frank Wall Street Reform and Consumer
Protection Act; and other risks, relevant factors, and uncertainties
identified in the Company's filings with the SEC (including the
information set forth in the "Risk Factors" section of the Company's
Form 10-K for the fiscal year ended December 29, 2012), which filings
are available at the Company's website at www.cabelas.com
and the SEC's website at www.sec.gov.
Given the risks and uncertainties surrounding forward-looking
statements, you should not place undue reliance on these statements. The
Company's forward-looking statements speak only as of the date they are
made. Other than as required by law, the Company undertakes no
obligation to update or revise forward-looking statements, whether as a
result of new information, future events, or otherwise.
Source: Cabela’s Incorporated