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SIDNEY, NE - Cabela's, the World's Foremost Outfitter of hunting, fishing and outdoor gear, announced that it is in negotiations to build one of its world-famous retail stores at the Meadowlands Sports Complex in East Rutherford, N.J.
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The store, part of the Meadowlands Xanadu sports, leisure, family entertainment and shopping complex, would be similar in size to the Cabela's retail showroom in Kansas City, Kan. and Buda, Texas.
The Meadowlands store would be built in Cabela's trademark style mixing a décor of museum-quality animal displays with colorful dioramas, huge aquariums stocked with native fish and a centerpiece indoor mountain displaying trophy animals interacting in realistic re-creations of their natural habitats. Cabela's retail stores are known as top-notch education and entertainment destinations, many of which are the leading tourist attractions in their respective states.
To operate the new store, Cabela's would expect to employ as many as 500 people, who would join the Cabela's family of more than 8,000 employees. Employees are expected to come from East Rutherford and the surrounding area to join Cabela's family of staff members famous for their outdoor lifestyle and intimate knowledge of outdoor products.
"By combining everything the Cabela's retail experience offers with the excitement of the Meadowlands Xanadu complex, we can create the premier destination for sporting enthusiasts along the East Coast," said Cabela's President and Chief Executive Officer Dennis Highby. "We believe Cabela's is the perfect fit to bring the outdoors to the Meadowlands and with so many valued customers who live the Cabela's lifestyle nearby, we would expect this retail store to be an overwhelming success."
"So many people are coming together to make this work," Highby said. "We really appreciate the efforts of all the people, including the Mills Corporation and all the others who are working to make this happen."
- A huge mountain replica, the centerpiece of the store's open showroom, with running waterfalls and streams, and trophy animals in re-creations of their distinct habitats. Similar mountains, each called Conservation Mountain, have been built in other Cabela's stores as monuments to wildlife and salutes to the sportsmen and women who support wildlife conservation.
- A 9,000-gallon freshwater aquarium stocked with fish native to the area.
- Museum-quality representations of many wild-game species, including an expansive diorama devoted to African game animals.
- World-class Gun Library™, providing gun collectors and aficionados the opportunity to browse through a collection of examples of the gun-making art.
- Full-service fly-fishing shop, much like a store within a store, with the products - and helpful, experienced staff - for all fly-casters from novice to expert.
- Indoor archery range where archers can test and fine-tune their equipment.
- Bargain Cave, featuring discount prices on returned and discontinued merchandise.
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.
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