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Cabela’s® Announces Plans For Three New Stores

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 extraordinary Cabela’s retail experience to three new markets – Nanaimo, British Columbia, Canada; Garner, N.C.; and Sun Prairie, Wis.

NANAIMO

Cabela’s Canada will transform a former Canadian Tire building, located at 6900 Island Highway in the Dickinson Crossing Shopping Centre, into a 50,000-square-foot store. Construction is expected to begin next year and Cabela’s Canada anticipates a fall 2014 opening. It will be Cabela’s first location in British Columbia.

The store is expected to employ approximately 150 full-time, part-time and seasonal employees. Most will come from Nanaimo and the surrounding area.

“As Cabela’s Canada continues to expand, we knew British Columbia, and especially the Nanaimo area, would be a great fit for a Cabela’s retail location,” said Tommy Millner, Cabela’s Chief Executive Officer. “The region is full of people who live the outdoor lifestyle and have supported Cabela’s through our catalog and online for many years.”

Cabela's Incorporated established Cabela’s Canada in 2007 with a retail store and headquarters for Canadian operations in Winnipeg, Manitoba. In 2010 the company moved to a 300,000-square-foot corporate headquarters and distribution centre in Winnipeg. In May of this year, the Winnipeg retail store relocated and the previous location was closed in conjunction with the new store opening.

GARNER

Construction on a 100,000-square-foot store – Cabela’s first North Carolina location – is scheduled to begin next summer and Cabela’s anticipates the store to open in the spring of 2015.

Cabela’s expects the store to employ approximately 225 full-time, part-time and seasonal employees. Most will come from the greater Raleigh area. The store will be located in the northwest quadrant of Interstate 40 and U.S. Highway 70.

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.

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