It will be extremely difficult to entice new investors to the BP-Cabelas model. At one time RC would host and fly potential investors to a few locations and wow them with the big beautiful stores that were full of people. Today those stores are empty and look like a tired K-mart inside and out.
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Bass Pro is not a public company so the “race to end the quarter” is not a do or die for a private company
The problem isn't really with the economy. Sure, that poses challenges, but companies with intelligent management adapt and overcome and move with the times as necessary. The stupid ones are those who throw away good, loyal people, with years of training and experience, all of which were actually the result of investments made by the company in finding and keeping those good people, because their tiny little brains don't know any better. Corporate morons, of which there are far too many in the Bass Pro Shops organization, can only see to the next quarterly statement, if that far. They've never actually done anything.....no direct experience....probably haven't actually worked a job at the retail level their entire lives.....but they figure that they know everything there is to know about running a business merely by looking at figures on a spreadsheet. To them, those actually putting in the work are the same thing - numbers of a spreadsheet to be gotten rid of, never mind any considerations of the return on the company's investment in those people...or any thought of the ill will that they'll create and spread through the country as word gets out of how badly they treated their former employees.
You’ll float too
People on here sure hate facts. No matter Sidney is circling the drain.
It isn't hard to figure out:
If you sell things people really want and carry the brands people really like, customers will show up.
If you sell it at the most competitive price and make it really easy and convenient (online or brick and mortar) you will get those sales.
If people decide to spend money on electronics or spend their leisure time on their phones, gaming or in front of their TV, the outdoor industry is going to suffer.
For example in the late 80s there were about 31 million fishing licenses bought in the US ( the US population then was about 230 million).
Most recently, there were about 26 million fishing licenses bought in the US ( the US population is now about 326 million). Not a good trending number.
Save you catch phrase for someone with a low IQ.
"Fake News" Unicorn" "CNN" Please, this is nonsensical political rhetoric.
I look at data and earnings reports. Cablea's has showed dwindling net profits for their last 5 quarters prior to completion to the sale. They lowered expectations 4 times. Whether this has anything to do with Amazon or not is irrelevant.
These are facts, people, It can be looked up because it's a matter of public record.
Also the public record shows that unemployment rate is 4.1% in the US for January 2108.
This is also a fact. So NO we are not in a recession.
Posing Imaginary "facts" about Amazons influence on brick and mortar retail is Left wing ignorance Ala mode! Local governments have been feeling the squeeze of lost sales tax from "on line sales" for years and it is only getting worse. When local sales tax takes that big of hit' retail brick and mortar are getting slammed squared. Brick and mortar have huge over heads that reduce profit margins. Maybe if you get back on your Rainbow Unicorn you can trot over to CNN for some more "facts"!
FAKE NEWS..... TROLL ALERT!
Empty stores everywhere, not just Cabela's. Poke your head over your own fishbowl and have a look around. There's never been more retail bankruptcies and store closures in history.
This is much bigger than Cabela's and it isn't caused by Amazon, which only takes in 4% of total retail sales. It's called a recession, and amazingly, practically nobody realizes it, though they're being laid off and watching many others get laid off too.
I guess they need a talking head on TV to tell them what to think, so as long as the talking head says "All is well!" they'll believe it.