Tackle industry retail giant Bass Pro Shops is exploring an offer for one of its largest competitors—Cabela’s, Inc. 

According to a Nov. 5, report from Reuters, Bass Pro Shops is in the process of securing financing for a potential offer that would target Cabela’s. Both parties declined Reuters’ requests for comment, though shares of Cabela’s have risen by as much as 13-percent in light of the news. Both companies operate substantial, multi-million dollar direct sales and retail destination-store operations.

Cabela’s, a publicly owned company, reported $1.2 billion in revenue last year: $810.6 million of that came from retail stores; $349.9 million came from direct sales. Cabela’s operates 77 brick-and-mortar stores in the United States.

Bass Pro Shops is estimated by Forbes to have brought in over $4 billion in revenue last year. It ranks as one of the 100 largest privately owned companies in the country. The Springfield, MO-based giant employs some 20,000 people in 94 retail stores spread across the United States.

Fishing Tackle Retailer will continue to update this story as details emerge.

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8 Responses

  1. Hmmmm ...

    […] Triton) from Platinum Equity, it would seem that Johnny Morris is picking up a little steam. Bass Pro Shops to Buy Cabelas? – Fishing Tackle Retailer New siggy coming soon … Reply With […]

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  2. Andy

    This is bad news. Apparently Johnny Morris wants to be the king of the world. It doesn’t really affect me as 95% of my fishing equipment and lures come from Tackle Warehouse. I purposely avoid buying from BP because I’m not a Johnny Morris fan and I hate what he does to a company’s products after he acquires them. I just feel sorry for the 2000 people in Sidney, Nebraska who’ll lose their jobs when Big John shuts their H.Q. down and moves it to Springfield.

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  3. Bass Pro to Buy Cabela's?

    […] outdoors-themed arcade games. Cabela's reported $1.2 billion in revenue last year, according to Fishing Tackle Retailer. More than $800 million of that came from sales at the company's 77 brick-and-mortar stores. Forbes […]

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