Cabela’s, known internationally for its outdoor retail selection, is being bought by Bass Pro Shops. The deal is reportedly in the $5.5 billion range.
Johnny Morris, founder of Bass Pro Shops, says he hopes to continue growing the Cabela’s brand alongside his privately-held Springfield, Missouri, based chain.
Cabela’s has 85 outlets, mainly in the western U.S. and Canada, while Bass Pro Shops has 99 stores and marine centers, mainly located in the eastern part of the U.S. and Canada.
Cabela’s was founded in 1961 when Dick Cabela started selling fishing flies through the mail from his kitchen table. Bass Pro got its start in 1971 when Morris began selling fishing tackle in his dad’s liquor store in Springfield, Missouri.
Cabela’s opened it’s seventh location in Canada in Nanaimo in September 2014. The 50,000-square-foot store at 101-6902 Island Highway employs approximately 150 full- and part-time staff.
The Tsawwassen Bass Pro Shops Outdoor World will open in Tsawwassen Mills, a 200-store, 1.2-million-square-foot mall, on October 5. The store will feature Uncle Buck’s Fishbowl and Grill, plus 12 bowling lanes.