Construction scheduled to begin in March; doors to open this fall
SIDNEY, Neb.--(BUSINESS WIRE)--Feb. 14, 2013--
Cabela’s Incorporated (NYSE:CAB), the World’s Foremost Outfitter® of
hunting, fishing and outdoor gear, announced today plans to open a
42,000-square-foot Cabela’s Outpost store in Waco, Texas.
Construction is scheduled to begin this spring and doors are expected to
open this fall. It will be the company’s fourth store in Texas, joining
the Fort Worth, Buda and Allen locations.
“Texas is full of outdoorsmen and women who live the Cabela’s lifestyle
– people who share our enthusiasm for outdoor adventure – so this is a
marvelous fit,” said Tommy Millner, Cabela’s Chief Executive Officer.
“Cabela’s has enjoyed tremendous success in Fort Worth, Buda and Allen
thanks to the support of our many loyal customers across the state. We
are excited to bring the Cabela’s Outpost store concept to Waco.”
Cabela’s Outpost stores offer the same quality products and customer
service for which Cabela’s is famous, and are designed for efficiency,
flexibility and convenience at approximately 40,000-square-feet. They
feature seasonal product assortments and a rugged, outdoor look and
theme, including trophy wildlife displays.
Waco customers will have access to Cabela’s merchandise via online order
kiosks located throughout the store, as well as free shipping with an
In-Store Pickup program. In-Store Pickup allows customers to order
Cabela’s gear ahead of time and pick it up at their convenience at the
store of their choice.
The store is expected to employ approximately 100 full-time, part-time
and seasonal employees, most coming from Waco and the surrounding area.
It will be located at Interstate 35 and Texas Loop 340 in the Central
Texas Marketplace, which includes Kohl’s, Belk, Ross Dress For Less,
Best Buy, Office Depot, Bed Bath & Beyond and Marshalls, among other
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 41 stores across the United States and
Canada with plans to open an additional 14 by the end of 2014. The
company opened its first Cabela’s Outpost store in Union Gap, Wash., in
October 2012. It also opened a Cabela’s Outpost store in Saginaw, Mich.,
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 Waco, Texas, in
fall 2013 and opening an additional 14 retail stores by the end of 2014.
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 multi-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 31, 2011, and Form 10-Q for
the fiscal quarter ended June 30, 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
Media Contact: Wes Remmer, 308-255-1244
Contact: Chris Gay, 308-255-2905