Fishidiot wrote:
salmonoid wrote:
Because one way to grow your business is to acquire other businesses with the same model? Some people believe competition is good and this would lessen that? Evil capitalist Elliott Management trying to leverage their 11.1% stake in Cabelas to cash in?
A quick look at the store locator maps for the two chains shows this might be a pragmatic way to expand - I wonder how many of the two brands' stores are within 45 minutes or less of each other. And what density of big box outdoor retail shops can the USA (and Canada) really support?
Agree that this is an interesting dimension. I enjoy the big-box outdoor stores, especially our Cabelas here in PA but I wonder how many of these store can populate before the market gets oversaturated. These days we have two Gander Mountains, a brand new Field & Stream, a Bass Pro, and a huge Cabelas all within an hour or so of Harrisburg. Just a generation ago, these stores didn't exist and I doubt the number of hunters and fishermen in central PA has increased.
Should BP purchase C it could prove a good move since their business model seems to me to be essentially the same (I think BP has a bigger footprint in the South, but I'm not sure).