Leading specialty retailer,
) announced its plans to open 3 new stores, one each in Berlin,
Mass; Cheektowaga, N.Y.; and Lubbock, Texas.
These new stores will furnish the residents of the above
regions with an opportunity to own hunting, fishing, camping, and
related outdoor merchandise.
The 88,000-square-foot Cheektowaga store is the company's
first in the region and is slated to open in fall 2014. The store
would hire 200 employees, while the other 88,000-square-foot,
Berlin store is scheduled for spring 2015. This store would also
engage 200 employees and marks the company's first store in the
The move reflects the company's strategic initiative to expand
in regions which provide ample growth opportunities, as the
residents of the above areas are passionate about outdoor
activities. Moreover, the company seeks to expand its store base
to effectively penetrate into its target markets and generate
Alongside, Cabela's is capitalizing on the under-penetrated
markets through its new 'Outpost' store format. We remain
optimistic about this new store format as it requires less
capital investment, enhances store productivity, and helps
increase sales per square foot.
The 42,000-square-foot, Lubbock store is in keeping with
Cabela's Outpost store format and is slated to open in summer
2014. The store would employ 90 employees.
Currently, Cabela's carries a favorable Zacks Rank #2
Other Stocks to Consider
Beside Cabela's, the other stock worth considering in the
non-food retail, wholesale sector includes
Big 5 Sporting Goods Corp
), which holds a Zacks Rank #1 (Strong Buy) and is expected to
continue with its upbeat performance.
The Gap, Inc
Coastal Contacts Inc.
), carrying a Zacks Rank #2 (Buy) are also worth considering.
BIG 5 SPORTING (BGFV): Free Stock Analysis
CABELAS INC (CAB): Free Stock Analysis Report
COASTAL CONTACT (COA): Free Stock Analysis
GAP INC (GPS): Free Stock Analysis Report
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