Cabela's co-founder dies at 77

Richard Cabela, a co-founder of outdoor outfitter Cabela's, died Monday. He was 77.

The Bass Pro Shops competitor got its start  in 1961 when Cabela bought $45 of fishing flies in Chicago. When the flies didn't sell quickly at the family's furniture store in Chappell, Neb., Cabela started selling them through the mail with his wife, Mary, and brother, Jim, according to the Associated Press. He went on to create Cabela's catalog before getting in to the store business.

Today, the company operates 50 stores in the U.S. and Canada and produced $3.6 billion in revenue last year.

Read more from the Associated Press.