- Dec 5, 2014
That's surprising, because I always thought there were rules in place to prevent a Monopoly like is being created here.
Not anymore. Rest assured that stores will be closed and jobs will be lost. Probably some hedge fund type of involvement IMO.That's surprising, because I always thought there were rules in place to prevent a Monopoly like is being created here.
I can somewhat understand that sentiment, but at the same time, had Bass Pro not bought Cabela's, then Cabela's would have just gone bankrupt, and we'd be no better because of it.
To his credit, Mr. Morris has been much better at profitably managing than all the others. Mr. Morris is very astute, as were Jim & Dick Cabela, understanding the merits of not going into debt, unlike the Ivy League wizards that bankrupted Cabela's.
We'll just have to see more exactly what Bass Pro does with Cabela's and now Sportsman's Warehouse. In particular, Cabela's had always carried higher quality Cabela's branded products than Bass Pro's "Redhead" branded products. At least at present, many the Cabela's "better" products are still available per Bass Pro.
Bass Pro can either do something better, or open more doors for higher-end, higher-quality retailers who may some day be buying Bass Pro. Seems the choice is totally theirs.
For anyone looking for alternatives to Sportman's Warehouse-BassPro-Cabela's, consideration is particularly warranted to Academy, MidwayUSA, and Final Flight Outfitters.
I've bought several high-end items from both MidwayUSA and Final Flight which Bass Pro either didn't have or was out-of-stock.
AND steady increase in prices.I'm very much against all this market consolidation that is going on. The consumer wins when there is competition and buying options.
There is much less "Winning" going on when just a few companies control the whole market.
That's all made worse by Bass Pro's steady decline in quality.
I'm sure they said the same thing about Cabelas......I think this was posted last month. It has been official. I was in there and they (associates) said that they were told that BPS likes their store layout and marketing model, which is why they bought them. They were told that they would keep it in tact as much as possible. No layoffs were planned at that time, but that was early on.
I asked them if they would take BPS rewards, and they said, most likely yes, once everything is finalized.
Exactly, bout turned Sidney, Nebraska into a ghost town.According to Tucker Carlson’s segment on the whole saga, Cabela’s decision to sell wasn’t driven by lack of profitability, but by a group of investors who acquired 10% stock and leveraged it to convince the board to sell.