X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SIDNEY, NE-Cabela’s move to more efficient, flexible units will combine with store expansion in the US and Canada for future growth, executives said at the chain’s third quarter conference call. After retaining a consultant in big-box design, the outdoor recreation retailer is downsizing many of its new units from an average of 195,000 sf to around 119,000 sf, even as it increases actual selling space.

“The result is an updated, more flexible and efficient design,” said Michael Callahan,SVP of retail operations.

The company, which operates 23 stores, also reviewed its real estate plans, and now expects to open seven new units in 2008, including one in Billings, MT, down from eight previously announced. New stores will range from 60,000 sf to nearly 200,000 sf (in East Rutherford, NJ, to open in late 2008).

During the last quarter, Cabela’s acquired S.I.R. Warehouse Sports Store in Canada, which will be its springboard to further expansion, said Patrick A. Snyder, SVP of merchandising and marketing.

Total revenue for the quarter was a record $546.8 million, up 11.5% from the same period last year. Same-store sales increased 4.6%. Net income was $13.2 million, compared with $15 million, for the year-ago period.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.