Has Cabelas gone down hill?

[MNElkNut]

Look up a video on Youtube regarding what Jerry Singer, a hedge fund manager, did to Cabelas. Sorry, I dont have time to find the link!

 

[Nick87]

Look up a video on Youtube regarding what Jerry Singer, a hedge fund manager, did to Cabelas. Sorry, I dont have time to find the link!

I think this is it...

https://www.yahoo.com/video/hedge-fund-forced-cabelas-merger-020459665.html

 

[SWNMELK]

I didn't realize Cabelas bought Sportsman Warehouse in 2020. It used to be a favorite of mine for reasonable knowledge and to browse / buy at the Missoula, MT store. They went to garbage when the Canadian Company aquired them in '09.

I didn't know that either!!

 

[Sytes]

I didn't know that either!!

If one looks up who owns Sportsman's Warehouse, least via Google, the notation is they are owned by Cabela's Parent Company. A couple posts after I shared, @Wildabeest and @SAJ-99 corrected the Google default generated info. Why Google still presents this? Meh... Shows, must dig further than Google's default answer. My bad.

 

[Wildabeest]

If one looks up who owns Sportsman's Warehouse, least via Google, the notation is they are owned by Cabela's Parent Company. A couple posts after I shared, @Wildabeest and @SAJ-99 corrected the Google default generated info. Why Google still presents this? Meh... Shows, must dig further than Google's default answer. My bad.

View attachment 299230

I love my local store. Folks there are awesome. Had the good fortune within the last year that they had one of only 6 M&P 10mm in the country in stock there. It isn’t anymore .

 

[SAJ-99]

If one looks up who owns Sportsman's Warehouse, least via Google, the notation is they are owned by Cabela's Parent Company. A couple posts after I shared, @Wildabeest and @SAJ-99 corrected the Google default generated info. Why Google still presents this? Meh... Shows, must dig further than Google's default answer. My bad.

View attachment 299230

Agree it is super hard and confusing to find information on that transaction. The only thing that made me think that it failed is that I have two Sportman’s and a Cabelas within short driving distance. Those Sportsman’s would have closed had the buyout gone through, which is probably why it didn’t.

 

[Wildabeest]

Bass Pro and Utah retailer Sportsman's Warehouse cancel $785 million merger

Bass Pro bought Hatteras Yachts earlier this year and Cabela's in 2017.

www.news-leader.com

 

[Sytes]

I love my local store. Folks there are awesome. Had the good fortune within the last year that they had one of only 6 M&P 10mm in the country in stock there. It isn’t anymore .

The Missoula, MT Sportsman Warehouse and numerous other locations were sold to a Canadian company (2009?) who converted it to "Wholesale Sports". Retained employees who wanted to stay though those employees shared vast disappointment regarding different management vision and stock product inferior to Sportsman Warehouse products. It reverted back to Sportsman Warehouse though not sure when. It appears SPWH re-aquired, at least the Missoula, MT location.
As SAJ mentioned, it's a bit tough to follow the SPWH trail.
It was my go-to store pre '09(?) GREAT staff! Good products, etc. Since then, my primary area moved a bit north to the Flathead and my $ siphoned towards Sportsman Ski Haus. Another great store, the likes of Sportsman Warehouse.

 

[Neumie]

Cabelas has been bad for 10 years or more. I think their brand products have been low quality for a very long time.

 

[275Rigby]

The deal with Bass Pro / Cabelas buying out Sportsman’s Warehouse fell through a couple years ago. You can buy Sportsman’s stock these days. The value is quite low currently.

sportsmans warehouse stock price - Google Search

 

[SWNMELK]

Cabelas has been bad for 10 years or more. I think their brand products have been low quality for a very long time.

Maybe so, but got even worse with the Bass Pro acquisition, Redhead brand.

 

[Neumie]

Maybe so, but got even worse with the Bass Pro acquisition, Redhead brand

Agreed