Interesting article on Cabela's

[swsig]

Shawn McCoy of InsideSources.com has written an article on the future of Cabela's. Whether you like Cabela's or not, the article is both thought-provoking and disturbing. Here is the link:

How a Meaningless Attack on a Hunting Store Threatens Thousands of Jobs – InsideSources

 

[THE PILGRIM]

Sounds to me like the Cabela family needs to hire professional management.
Just about every family owned- started company eventually runs out of family members who can or choose to run the company.

 

[the ringo kid]

Someone else posted the same article earlier--only I can read all its text from your post.

 

[the ringo kid]

Sounds to me like the Cabela needs to hire professional management.
Just about every family owned- started company eventually runs out of family members who can or choose to run the company.

They can hire ricky lundy--the gm of Academy here. If you like those who are corporate in everything including politics? then that guy is the one they need to hire. Personally, most people here cant stand him.

 

[swsig]

Someone else posted the same article earlier--only I can read all its text from your post.

I did look for a previous post, but somehow I missed it. I'm glad I could provide a useful link, though.

 

[swsig]

Sounds to me like the Cabela family needs to hire professional management.
Just about every family owned- started company eventually runs out of family members who can or choose to run the company.

As every business consultant, ever, has stated, "Failing to plan, is planning to fail."

 

[steveno]

I worked at the Kearney store from 1999 to 2001 when it was still a family owned company and it was a fairly good place to work. when they decided to go public and build all of the new stores everywhere was kind of the time frame when things started going downhill. Jim and Dick's wife have 30% of the stock but they aren't that much involved in day to day operations.

for one Christmas Dick showed to wish everybody a merry Christmas wearing an expensive camo tux. there isn't anybody in the present management that would ever do that.

with all of the money required to build all of the new stores there isn't anyway to ever get that debt paid off. the only store that is paid off is the Kearney store. when Rockwell Valve pulled out of Kearney they left the city holding the bag on the building and property. they sold the building and property to Cabela's for the princely sum of $1 and it was a pretty good deal for all involved. the taxes generated by this for the city of Kearney has more than made up for the $1 they sold it for.

my personal opinion and that of some people that I know at the store don't think Bass Pro has the money buy Cabela's.

 

[Rivoak]

Sounds to me like the Cabela family needs to hire professional management.
Just about every family owned- started company eventually runs out of family members who can or choose to run the company.

Yep. Just ask Piggly Wiggly supermarket chain, but then, they don't exist anymore. Eventually family owned companies get torn apart by the kids, neglected, or just don't keep up with changing times and fail. There will always be a point in time when squabbles over money, control, or lack of control end things.


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[gregintenn]

Yep. Just ask Piggly Wiggly supermarket chain, but then, they don't exist anymore. Eventually family owned companies get torn apart by the kids, neglected, or just don't keep up with changing times and fail. There will always be a point in time when squabbles over money, control, or lack of control end things.


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I respectfully disagree. My wife shops weekly at our local Piggly Wiggly. There's one in nearly every small town around here.
About Us | Piggly Wiggly
Apparently there are over 600 of them.

 

[Mike1647]

^^^^^^ This same here in Alabama they are in many small towns.

 

[Rintimtin]

Yea we got a piggy wiggy up the road.

 

[coltle6920]

If a family owned business cant rely on family members to move up the ladder then they should at least bring in somebody who has an interest in the long term viability of the company.

Too many companies are run by professional CEO's.They move from one company to another with no skillset in any of them.Their only goal is to show a quarterly profit achieved by downsizing or selling off assets.After that wont work any longer they collect their millions in severance and stocks and move on to the next victim.

But then...What do I know!!

 

[swsig]

If a family owned business cant rely on family members to move up the ladder then they should at least bring in somebody who has an interest in the long term viability of the company.

Too many companies are run by professional CEO's.They move from one company to another with no skillset in any of them.Their only goal is to show a quarterly profit achieved by downsizing or selling off assets.After that wont work any longer they collect their millions in severance and stocks and move on to the next victim.

But then...What do I know!!

You know enough to be a professional CEO.

 

[joeintexas]

Funny the things that pop back in your mind. I ate my first Aunt Jemima pancake at a Piggly Wiggly at around age 7 or 8 in Farwell, Texas, 1957 or '58. They had just came out with the product and Piggly Wiggly was having a demonstration. I was overly impressed apparently. I don't think Piggly Wiggly is in Texas anymore. Sorry to hear about Cabellas.

 

[Old Corp]

Cabela's FINALLY built a store here in my state of NC. For many years, they ignored the SE US, and I always figured it was because of Bass Pro being there.
The new store is very nice and I've been a few times. It seems that prices are very high on a lot of the stock.
When they first opened many of my retired LE friends started working there as a p/t retirement job. After 2 years, they've all left. Most reported it was not as 'fun' at they hoped. Management was not responsive to employees scheduling needs (even though they promised upon hiring).
Most of these guys were very knowledgeable about the respective product lines and excellent choices, but management wanted to pay a pittance and not work within their schedules.
So - you can guess what happened after all these guys left. They hired teens and early 20's that were more knowledgeable about video games and basketballs.

I've since moved 3 hours away and have no need to go there.

 

[df06]

Cabels

Sounds to me like the Cabela family needs to hire professional management.
Just about every family owned- started company eventually runs out of family members who can or choose to run the company.

I worked for a family owned company for 39 years and retired. Actually it is the largest private company in the USA. That company ran out of family members to run it about 20 years ago.
Since then it has been run by others who mostly came up through the ranks of the company. And that company remains highly successful.
I would think that would be a good plan for Cabelas. And they better get it done soon.
As a side, I sure think they have over built their stores. I live in the Minneapolis area and have three of their stores less than an hour from me.
I am a frequent visitor and shopper.

 

[Sconnie]

They finally built a Cabela's a decent distance from me and I make a point to go when I am up near it just north of Madison, WI. Beats Gander Mountain hands down for stock. Not sure how being absorbed into the Bass Pro chain would affect things at the retail level but if it happens we shall see.

It is the way of corporate America I guess. And the corporate headquarters folks will very likely lose their jobs or be faced with a move to other locations. On a brighter note, who knows maybe someone else has already started a small store somewhere that will grow into a fine place to shop and the cycle begins again.

While the staff at Cabela's and stores like it might be very knowledgeable, I don't depend on it. If I have real questions I turn to forums like this or go to one small gun store in my area in particular for that. I just don't buy enough guns to keep him in business myself but plenty of other people do.

 

[vt_shooter]

Just how many private equity funds could the New York City employee pension fund have investments in? It can't be that many, so in that sense, the article is lacking.

 

[H Richard]

The last 10 years they build too many outlets and took on too much debt. They have adjusted their mark-up, but no longer have the kind of good deals that bring in the hoards of customers. They do a good business, but have too much overhead. I'm concerned that about half of the stores that under-perform will be gone within the next couple years.

 

[BE Mike]

All companies eventually fail. I can't shed any tears since the big companies have ruthlessly put small shops out of business, one by one. Where there is a vacuum in the marketplace, another business will fill the void. That's capitalism. As far as, the anti-gunners putting gun related companies out of business in this country...I think they might be taking on something too big for them. Gun sales are at an all time high and when an anti-gun politician mentions gun control, sales start climbing even higher.