Monday, November 14, 2016

Bass Pro on the rise despite fierce competition from Amazon

Image result for bass pro shopsBass Pro Shops hunting- and fishing-equipment chain boasts gross profit margins of 50 percent, according to a confidential presentation to lenders that was part of last month’s $5.5 billion purchase of rival Cabela’s.

Online retailers like Amazon usually eat the lunch of brick-and-mortar rivals, which rarely manage to hit such juicy margins.. . . more