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Still struggling with a changing retail landscape, Cabela's agreed last October to be acquired by privately-held rival Bass Pro Shops for $65.50 per share, or about $5.5 billion, including debt.
By 2020, there were 169 Bass Pro and Cabela's stores. [19] In 2021, the Bass Pro Shops U.S. Open National Bass Fishing Amateur Team Championships awarded a $1 million first-place prize to the winning team, Tucker Smith and Logan Parks, two students from Auburn University. [20] [21] In 2022, Bass Pro Shops announced a new Bass Pro fishing resort ...
Cabela's Inc. is an American retailer that specializes in hunting, fishing, boating, camping, and other outdoor recreation merchandise. The chain was founded by Richard N. Cabela and Jim Cabela in 1961. Cabela's was acquired by Springfield, Missouri-based Bass Pro Shops in 2017 and has been a subsidiary since then. The brand’s retail ...
John L. Morris (born 1948) is an American billionaire businessman, and the founder, majority owner, and CEO of Bass Pro Shops, a hunting and fishing retail chain in the US and Canada. [1] As of August 2024, his net worth was estimated at US$9.9 billion. [2] He's also owner of White River Marine Group, Top of the Rock, Big Cedar Lodge, and Cabela's.
Gander Mountain sold its mail order business to Cabela's in 1996 with a no-compete clause. [17] In 2007 it won a lawsuit brought by Cabela's to resume online sales. On December 6, 2007, the company announced it purchased boating and watersports catalog company Overton's for $70 million (~$99.1 million in 2023) from a private-equity firm.
Shares of Cabela's climbed nearly 10% today after the company increased guidance sharply on its earnings per share, which the company attributed to strong growth both in its retail and Internet sales.