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Cabela’s® Announces Plans For Saginaw, Mich.; And Anchorage, Alaska

Stocks in this article: CAB

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 Saginaw, Mich., and Anchorage, Alaska.

The Saginaw store is expected to open in the spring of 2013. The Anchorage store is scheduled to open in the spring of 2014.

Saginaw

Construction on the 43,000-square-foot store is scheduled to begin this fall and Cabela’s expects to open the location in spring 2013. It will be Cabela’s third retail store in Michigan, joining the Dundee location, which opened in 2000, and the Grandville location, slated to open in 2013.

The Saginaw store will be located in a building previously occupied by Circuit City on Tittabawassee Road in the Saginaw Shopping Center, which also includes Target, Staples, McDonald’s and Toys R Us.

This is Cabela’s second planned Cabela’s Outpost Store, joining the Union Gap, Wash., location scheduled to open this fall. It is expected to employ about 75 full- and part-time employees. Most will come from the greater Saginaw area.

“Opening a Cabela’s Outpost in Saginaw will allow us to more efficiently serve our passionate customers across Michigan and the Great Lakes region,” Cabela’s Chief Executive Officer Tommy Millner said. “In many ways this is an exciting new concept, but Cabela’s Outposts also will be true Cabela’s stores offering a premier retail experience. We are confident it will be a perfect fit for Saginaw.”

Designed for efficiency, flexibility and convenience at approximately 40,000-square-feet, Cabela’s Outpost Stores will serve customers in underserved markets across North America. They will bring the same quality products and customer service for which Cabela’s is famous to hometown markets too small to support Cabela’s popular next-generation stores.

Cabela’s Outposts will feature an innovative core-flex floor plan allowing products to be rotated to match the season. Customers also will have access to all Cabela’s gear via online order kiosks located throughout the store. Additionally, Cabela’s Outposts will offer a complimentary In-Store Pickup program enabling customers to order merchandise ahead of time and pick it up at their convenience at any Cabela’s location.

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