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alp227

(32,026 posts) Mon Feb 17, 2014, 08:38 PM Feb 2014

Cabela's co-founder Richard Cabela dies at 77

Source: AP

OMAHA, Neb. (AP) — Richard Cabela, a co-founder of outdoor outfitter Cabela's, died Monday. He was 77.

Cabela, who went by Dick, died at his home in Sidney, where the company is based, said spokesman Joe Arterburn.

The company that sells outdoor gear and sporting goods got its start humbly in 1961 when Cabela bought $45 of fishing flies in Chicago. When the flies didn't sell quickly at the family's furniture store in Chappell, Neb., Cabela started selling them through the mail with his wife, Mary, and brother, Jim.

Dick Cabela's first successful ad in Sports Afield magazine offered five free fishing flies as long as the buyer paid 25 cents shipping and handling. That led to the development of the Cabela's catalog. Today, the company has 50 retail stores across the U.S. and Canada. Last year, it had $3.6 billion in revenue.

Read more: http://bigstory.ap.org/article/cabelas-co-founder-richard-cabela-dies-77

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Cabela's co-founder Richard Cabela dies at 77 (Original Post) alp227 Feb 2014 OP

I stopped buying their stuff a couple years ago when the started featuring Wayne LaPierre ... Scuba Feb 2014 #1

Aww, I was amused to find they had gone national as knew them as the corner sporting goods store in uppityperson Feb 2014 #2

Why Have So Many Cities and Towns Given Away So Much Money to Bass Pro Shops and Cabela's? jsr Feb 2014 #3

Scuba

(53,475 posts)

1. I stopped buying their stuff a couple years ago when the started featuring Wayne LaPierre ...

Reply to alp227 (Original post)

Mon Feb 17, 2014, 08:45 PM

Feb 2014

... in their catalogues.

They shoulda stuck with Bud Grant or Brett Favre.

uppityperson

(115,677 posts)

2. Aww, I was amused to find they had gone national as knew them as the corner sporting goods store in

Reply to alp227 (Original post)

Mon Feb 17, 2014, 08:54 PM

Feb 2014

Sidney, Nebraska, a small town in the middle of nowhere.

jsr

(7,712 posts)

3. Why Have So Many Cities and Towns Given Away So Much Money to Bass Pro Shops and Cabela's?

Reply to alp227 (Original post)

Mon Feb 17, 2014, 08:55 PM

Feb 2014

http://www.theatlanticcities.com/jobs-and-economy/2012/08/why-have-so-many-cities-and-towns-given-away-so-much-money-bass-pro-shops-and-cabelas/2906/

Cabela’s has received $551 million in local and state assistance during the past 15 years.

The federal government helped ensure liquidity for Cabela's' credit card division by providing $400 million in financing for the purchase of the company’s securitized debt.

State and local taxpayers borrowed $60 million to build a Cabela's store and its supporting infrastructure in Buda, Texas. For that amount, every household in the 7,600-person community could have purchased a new 2012 Lexus CT Hybrid.

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