Super Store Superiority
By Luigi De Rose
Earlier this year, it was speculated that Bass Pro Shop was eyeing the takeover of retail giant Cabela's. With a successful capture of Ranger, Triton and Stratos boats in 2014, Bass Pro Shop looks like it’s still hungry for domination. According to an article in Angling-International and another in Fishing Tackle Retailer the outdoor retail business has not been all roses in 2015. According to Fishing Tackle Retailer, Sports Authority a major competitor of Cabela's missed an interest payment on a $343 million dollar (US) loan that resulted in 100 headquarters staff becoming redundant.
Cabela’s is also making major moves to become more profitable and alluring to future buyers. Fishing Tackle Retailer states that, "according to LowCards.com, a credit card news outlet, Cabela’s is trying to sell the business before selling off the company altogether. It adds that Bass Pro Shops is not interested in Cabela’s credit card portfolio despite the fact that its sales represent about 30% of the Nebraska-based retailer’s transactions."
Regardless, less competition will limit selection and competitive pricing for consumers. The silver lining in all of this is that smaller retailers or niche stores, who are willing to specialize and offer diversity, should profit greatly.