Bass pro shop has bought out sportmans warehouse !

[ericbc7]

Eh I'll be shopping at Scheels or online.
employee owned

 

[sw282]

Back home from lraq/Afgh in 2005 l had a few ff miles built up. Wife had never been Out West. We chose Mt Rushmore. We flew in to Rapid City for 3 days. Rushmore was app 30 mins from R-C. Riding around in the rental we stopped at a local mall. Near or in that mall was a Scheels Store. l knew l was in HEAVEN. Now Scheels is a STORE, The store for me!! Saw my first Cooper Rifle there too. Not knocking other store chains, but Scheels does things RIGHT. Scheels is employee owned. No Guarantees in the retail world these days. l do think an employee owned business gives workers advantages over Stock owned chains. Scheels has been around since 1902. Profit/income/growth is great for most any company. Better still if EVERYBODY shares. Great trip. Wife got to see some Prairie Dogs too. Her reaction, ''They are Sooo Cute. Why would anybody want to shoot one?'' Sure wish Scheels would come to the SOUTH.

ps, Don't worry about the grand daughter. She moved to Savannah, Ga. Landed a job with GulfStream. She said the pay MORE than Cabelas

 

[Far North Hunter]

I along with the many postings on the site are no longer Cabela customers since the sale. I always made a Cabela stop when I made the 180 mile drive to the town where it is located. Unfortunately no more since their sale. It amazes me the cabelas branded items I own. Nothing new however in the last few years. I am fortunate to have a local family owned sporting goods store near me. They price guarantee any advertised price you bring in. Having said that-I always pay over the competitive price so we don't loose there home town presence. I also use Graffs, Midway, Brownells etc. much more these days. I've used BP in the past, but primarily for hard to find fishing baits. Never found the Red Head brand to be much for durability or value. it seems we sure need to support our home town/locally owned shooting sports stores, maybe more now than ever!

 

[jimisbell]

Dont know if this is an effect or just coincidental but I just bought 500 rounds of 12 Ga from them at 26 cents a round. Thats cheap enough to stock up. I dont even care what the load is since I want it for home defense. I cant get the 1.75" stuff for that price.
I did notice that the best price for 338 Lapua has gone from $2.50 a round to $4.00 a round just since September. Should have bought more back then. It was Sellier & Bellot in Peterson Brass and I only bought 500 rounds. But at least I have 500 brass to reload.

 

[rs3579]

I heard this a little bit ago. Terrible for the outdoor industry. I gave up on Cabelas. Not what it used to be. Sportsman's is probably headed that way also.

 

[drpacmn]

SW following Cabela's and Gander into mediocrity.

 

[Dphil]

when you put your business in the position of being publicly traded this happens! I am retired from the military and also drove for the company that delivered the goods to Sportsman's Warehouse. Some of the best people I've met ran Sportsman's. While at the d.c. loading for the stores, Sportsman's was always trying to cram the trailers with the most product they could to keep you supplied. Sometimes us drivers suffered waiting for the product to be loaded but none of us complained because we believed Sportsman's was good to employees, contractors, and customers. We had a mission to get products to you anyway we could. Going to miss Sportsman's Warehouse as we knew it!

 

[The Oregonian]

I don't know about SW, but a hedgefund run by a guy named Paul Singer bought enough shares of Cabelas to leverage the sale, once the sale was complete and the shares go up then they sell out for a cool profit of a few million. He is one evil, evil man who cares nothing of the companies, only exploiting them financially to grow his wealth. Cabelas biggest mistake was going public in the first place. The long time employees will tell you the same thing.

Unless I am missing something, he sounds like a savvy investor. What did he do that evil or shady?

 

[Treeslug]

Unless I am missing something, he sounds like a savvy investor. What did he do that evil or shady?

He put a lot of people out of work and a whole town out of business--for starters.

 

[Gunpowder]

Unless I am missing something, he sounds like a savvy investor. What did he do that evil or shady?

I thought I explained that pretty well. If it sounds like good business practice to you then we have different principles and will have to agree to disagree.

He put a lot of people out of work and a whole town out of business--for starters.

Bingo. Not the first time or the last. It's my understanding that this business practice is illegal in most countries. But it won't change here because people like this buy both sides of the aisle.

 

[Treeslug]

He put a lot of people out of work and a whole town out of business--for starters.

Look up Sidney, Nebraska, and see for yourself what a hedge fund manager can accomplish. And don't forget what most people of this thread have been saying about what happened to Cabelas since the 5.5 billion dollar buyout took place. If you liked Cabelas before, you may not be so happy with a guy that already has more money than he could spend in 10 lifetimes.

 

[jimisbell]

Playing the stock market is neither illegal or evil. Th liquidity it provides is GOOD...not bad. If youi think otherwise, you know NOTHING about investing and are just reinforcing the image of gun owners as hicks and bubbas. Go get some bookss and learn something.

 

[Gunpowder]

Well the liquidity was bad for those that needed a new livelihood because of it. It was good for a few people though. Calling people you don't know uneducated hicks and bubbas? Way off course bud.

I read nothing about playing the market being bad. What is bad is knowingly ruining peoples' lives for financial gain, or any other reason for that matter. That's not a capitalist v socialist thing, that's a right v wrong thing.

 

[Kimber7man]

This happens to successful private businesses. The owner(s) is/are entrepreneurs who have a great company, hire great employees, and business thrives. The owner(s) decide to retire and want the next generation of leaders to buy them out. But due to their success the company has grown too big for the next generation to afford to buy them out. So they are faced with a) forming an ESOP and staying with the company another 5-8 years to ensure they receive their buyout, b) selling part of the company to the next generation (at a reduced price) and part to private equity/family offices, or c) selling the company to outside bidder/company who has similar culture/interest.

Sometimes it's actually not bad management that forces these issues, but extremely good success.