Home / Knowledge / News / Apparel/Garments / Outfitter Cabela's Inc. explores strategic alternatives
Outfitter Cabela's Inc. explores strategic alternatives
04
Dec '15
American specialty retailer, and the world's largest direct marketer, of hunting, fishing, camping and related outdoor merchandise, Cabela's Incorporated is initiating a process to explore and evaluate a wide range of strategic alternatives to further enhance shareholder value, it said in a press release.

“We continue to believe that our Vision 2020 strategy will position Cabela's to be the world's best omni-channel retailer, while driving improved performance in both revenue growth and profitability,” said Tommy Millner, Cabela's CEO. “That said, the Board is committed to taking actions to enhance value for shareholders and believes it is an appropriate time to explore potential strategic options that may drive further value. As the Board undertakes this exploration process, Cabela's is focused on the execution of its business strategy and remains fully committed to serving our customers' needs.”

“As we head into the holiday selling season, our stores are well-stocked and our outfitters are well-prepared to meet and exceed the expectations of our customers,” Millner said. “We are continuing to honor all of our commitments as usual.

There have been no changes to the Cabela's Club points programme, the Club Visa card or any of the points customers have earned, including any Cabela's gift cards that customers have bought or plan to buy in the future. I want to thank the many customers who are enrolled in our Club points program and who use our Club Visa card, who should continue to use their Club points and Club Visa cards just as they always have. We will continue to look for ways to make these programs even more rewarding in the coming year.”

Cabela's is working with Guggenheim Securities, LLC as its financial advisor and Sidley Austin LLP and Koley Jessen P.C., L.L.O. as its legal counsel to assist in the strategic review. The Board of Directors and management team, working with advisers, plan to proceed in a timely and orderly manner, but have not set a definitive timetable for completion of this process. There can be no assurance that this review process will result in a sale transaction or other strategic alternative of any kind.

The company does not intend to disclose developments or provide updates on the progress or status of this process unless it deems further disclosure is appropriate or required, the release said. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

Courtesy: Pexels

Fashion | On 23rd Jun 2018

Nigerian bank launches N1 bn fund for fashion entrepreneur

Nigeria’s Bank of Industry has set aside 1 billion Naira (N) to...

Courtesy: Tayal

Textiles | On 23rd Jun 2018

Tayal textile factory in Algeria starts exports to Turkey

Algeria’s largest textile factory, the joint Algerian-Turkish company ...

Courtesy: Manhattan Beachwear

Fashion | On 23rd Jun 2018

Manhattan Beachwear in global partnership with BCBG Group

Manhattan Beachwear, the largest swimwear manufacturer in the US, has ...

Interviews View All

Deepak Jain
Baggout

We are using Facebook and Instagram to promote ourselves

Top executives
Textile industry

Knowledge sharing platform needed for sustainable water management

Hannah Lane
Redress

Encouragement from brands will motivate supply chains to become more...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Nitesh Mittal

Kusumgar Corporates is a leading manufacturer of technical textiles and...

Hardik Sanghvi

Idealin Fogging Systems has been engaged in designing and manufacturing...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


June 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search