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Bass Pro Shops to Buy Cabelas?

Business Trends, Highlights| Views: 1071

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.

Joe Sills Hi there, did you know? Each week, we curate a list of the Top 5 stories in fishing and send them right to your inbox. Reading Tackle’s Top 5 is one of the best ways to become or remain an industry expert. -Joe Sills, Digital Editor

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