YOUR BUSINESS AUTHORITY

Springfield, MO

Cabela's grabs development spot abandoned by Bass Pro

Posted online
Sidney, Neb.-based Cabela's Inc. announced late last week it would be building a roughly 100,000-square-foot store near Lambeau Field in Green Bay, Wis., a spot that competitor Bass Pro Shops passed on in early 2011.

Bass Pro Shops cut short a deal to be part of the Green Bay Packers’ Titletown Sports District in February 2011, citing concerns about potential wetland damage construction would cause. Of the 21-acre property, 12 acres are considered wetlands, and construction would destroy 1.65 acres, according to the Milwaukee-Wisconsin Journal Sentinel. Packers representatives are working with Ducks Unlimited to create four acres of wetlands elsewhere to counteract the move.

“We were unaware of any wetland issue and have not and will not be in favor of doing anything to harm wetlands, wherever they might be,” Bass Pro Shops spokesman Larry Whiteley said at the time.

Construction of the Cabela's store, which would employ approximately 175, is expected to begin in the fall and end in the summer of 2013, according to a news release.

“Wisconsin is full of people who are passionate for the outdoors, people who share the Cabela’s lifestyle and who are known for their loyalty and dedication to sports. It’s a wonderful area to expand our retail footprint,” Cabela’s CEO Tommy Millner said in the release. Cabela's has two other stores in Wisconsin. Bass Pro doesn't have any stores in  the state, according to its Web site.

Publicly traded Cabela's (NYSE: CAB) operates 36 retail stores in the U.S. and Canada.

As of 11:01 a.m., the company's shares were trading at $35.74, compared to its 52-week range of $19.12 to $41.61.[[In-content Ad]]

Comments

No comments on this story |
Please log in to add your comment
Editors' Pick

Business Spotlight: Remaking Safety

CNH Industrial Reman clocks in 4 million hours of safe manufacturing work.

Most Read
SBJ Live logo
MOST-WATCHED VIDEOS
From Cutbacks to Cutting Tracks

“Every day you’ve gotta wake up and say, ‘I’ve gotta make money today,’ says, Ricky Smiley, Founder and Producer of Smiley Records, LLC. When Smiley was laid off from a job he held for 18 …

Consistent Marketing  “Marketing for a company can be very interesting, in the sense that it’s hard to stand out in the crowd from everyone else,” says Alisa Lawler, Vice President of Marketing and Business …
Booked - The 7 Habits of Highly Effective People “I think it’s a really great book and I wish I had read it earlier in my career,” says Candida Deckard, the Director of Human Resources and Safety at CNH Industrial Reman and one of Springfield …
From Concept to Completion “Every day we’re still learning. We’re not perfect, but we’re trying to get there,” says Cosmo Kwon, Co-Owner of Hinode in Nixa, Mo. Kwon says there is a huge difference in purchasing an …
Building on Each Other’s Strengths “To be good at business, or whatever you do, you need know what you can do and what you’re not good at,” says Eric Jones, co-owner of United States of Apparel. “When you’re not good at …