Cabela's® Announces Plans for Anchorage, Alaska. Store
Anchorage store is scheduled to open in the spring of 2014.
SIDNEY, Neb. (July 26, 2012) - Cabela's Incorporated,(NYSE:CAB) the World's Foremost Outfitter® of hunting, fishing and outdoor gear, announced today plans to bring the unique Cabela's shopping experience to Anchorage, Alaska.
The 100,000-square-foot store, to be located on the south side of Anchorage near the intersection of W. 104th Avenue and C Street, will be Cabela's first in Alaska. Construction is expected to begin in the spring of 2013.
The store is expected to employ approximately 200 full- and part-time employees. To staff the store, Cabela's expects to draw on the large pool of outdoor-recreation savvy people in Anchorage and the surrounding area.
The building's exterior will reflect Cabela's popular store model with log construction, stonework, wood siding and metal roofing. A large glass storefront will allow customers to view much of the store's interior as they approach the building. The inside will feature the company's next-generation layout, designed to surround customers in an outdoor experience, including conservation-themed wildlife displays and trophy animal mounts displayed on a mountain. Additionally, the store will feature a 5,575-gallon aquarium. The store will also feature a Gun Library, Bargain Cave and Fudge Shop.
"What can I say about Alaskans? We love them; so many of them live the Cabela's lifestyle. We love the whole Last Frontier State and what it represents," Millner said. "Cabela's has had great customers in Alaska, essentially since the company started more than 50 years ago. We've lost count of how many times Alaskans have told us they rely on Cabela's not only for their outdoor recreation, but for their everyday living. For years, we've wanted to build a store there for our loyal customers."
In addition to next-generation stores scheduled to open this summer in Charleston, W.Va., and Rogers, Ark., and the first Outpost store to open in Union Gap, Wash., Cabela's has announced plans to open six next-generation stores in 2013 - Columbus, Ohio; Grandville, Mich.; Louisville, Ky.; Thornton, Colo.; Lone Tree, Colo.; and Green Bay, Wis.
Currently, Cabela's operates 37 stores across the United States and Canada.
About Cabela's Incorporated
Cabela's Incorporated, headquartered in Sidney, Nebraska, is the world's largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise. Since the Company's founding in 1961, Cabela's® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World's Foremost Outfitter®. Through Cabela's well-established direct business and its growing number of destination retail stores, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela's also issues the Cabela's Club® VISA credit card, which serves as its primary customer-loyalty rewards program.
Caution Concerning Forward-Looking Statements
Statements in this press release that are not historical or current fact are "forward-looking statements" that are based on the Company's beliefs, assumptions and expectations of future events, taking into account the information currently available to the Company. Such forward-looking statements include, but are not limited to, the Company's statements regarding the construction and anticipated opening date of a destination retail store in Scarborough, Maine, and the Company's plans to open seven additional new stores in 2007. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from the expectations of future results that the Company expresses or implies in any forward-looking statements. These risks and uncertainties include, but are not limited to: the ability to negotiate favorable purchase, lease, and/or economic development arrangements for new destination retail store locations; increasing competition in the outdoor segment of the sporting goods industry; supply and delivery shortages or interruptions; delays in traffic planning and/or road construction around new destination retail stores; the ability to secure required governmental permits and approvals, adverse weather conditions; adverse economic conditions causing a decline in discretionary consumer spending; labor shortages or increased labor costs; the acceleration of new destination retail store openings; the cost of fuel increasing; increased government regulation; other factors that the Company may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in the Company's filings with the SEC (including the information set forth in the "Risk Factors" section of the Company's Form 10-K for the fiscal year ended December 30, 2006), which filings are available at the Company's website at www.cabelas.com and the SEC's website at www.sec.gov. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. The Company's forward-looking statements speak only as of the date they are made. Other than as required by law, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.