Monday, October 3, 2016

Bass Pro Shops hooks Cabela's in $5.5 billion deal

A customer looks through the in-store sales advertisements inside a Cabela's store on the shopping day dubbed ''Black Friday'' in Fort Worth, Texas November 27, 2009. REUTERS/Jessica Rinaldi
Fishing and hunting equipment chain Cabela's Inc said it agreed to be bought by Bass Pro Shops in a deal valued at $5.5 billion that will help the privately held company nearly double its store count in North America.

Cabela's has struggled with declining sales of apparel and footwear and has reported same-store sales growth in only one quarter in more than three years.. . . more

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