In an attempt to expand its operational roots,
), is all set to serve the residents of Regina, Saskatchewan,
Canada, by adding a new store. This new offering will furnish the
residents of the region an additional avenue to own hunting,
fishing, camping, and related outdoor merchandise.
The new 50,000 square feet store is slated to open in fall 2013
or spring 2014 and would employ 125 employees, including full-time
and part-time employees. The region provides ample opportunities
for the company to drive top-line growth, as the residents of the
area are passionate about outdoor activities.
Currently, retailers have shifted their focus on buyers' needs
to create growth opportunities that could augment sales in the long
run. Cabela's came up with its new 'Outpost' store format. The
relatively smaller-size store will facilitate the company to
capitalize on the under-penetrated markets.
However, the outdoor recreation and casual apparel and footwear
markets are highly fragmented and competitive. One of the company's
), unveiled its plan of opening a CityTarget store at the Beverly
Connection in Los Angeles, California.
In order to tap the urban markets, where real estate remains a
constraint, Target introduced CityTarget stores. As per the
company, the new stores will vary in size from 60,000 to 100,000
square feet compared with its typical format of 125,000-180,000
Despite competition, Cabela's next generation store format,
multi-channel strategy and seasonal product assortments enable it
to focus on increasing store productivity and sales per square foot
while lowering its labor costs.
Currently, we maintain a long-term Outperform rating on
Cabela's. Moreover, the company holds a Zacks #2 Rank, which
translates into a short-term Buy recommendation.
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