Cabela's Announces New Saskatoon Location in 2012

Cabela's Incorporated today confirmed it is planning to open a new retail store in Saskatoon, SK, in spring of 2012.

The 50,000-square-foot store, which will reflect Cabela's traditional store model with log construction, stonework, wood siding and metal roofing, will be located in the Preston Crossing shopping area at the intersection of Circle Drive and Preston Avenue, near the University of Saskatchewan main campus. The Preston Crossing shopping area also includes Walmart, Rona and Canadian Tire stores as anchor tenants. Cabela's plans to hire more than 100 people from the Saskatoon area to staff the new location.

This will be the third Cabela's store in Canada, joining an existing location in Winnipeg and a new 70,000 square foot store set to open in Edmonton this summer. Both new stores will represent fresh competition to existing marine dealers in their respective markets. Cabela's sells a variety of boating accessories, including canoes and kayaks, towables, electronics, clothing, PFDs and lifejackets at its Ellice Avenue store location in Winnipeg, competing with independent dealers there. A number of the company's US locations also sell Lowe, Alumacraft, Ranger, Scout, Cimarron and FinCraft boats, as well as outboard motors. When asked about the possibility of Canadian Cabela's locations also selling boats, Carl McKay, President of Cabela's Canada told Boating Business “At some point in the future we intend on exploring the opportunity to be a full-line marine dealer selling boats and motors for all water recreation needs.”

 Construction of the new Saskatoon location is expected to begin in July 2011. “It's been an exciting few years since we opened our first store in Canada,” said Cabela's Chief Executive Officer Tommy Millner. “Many Canadians have been loyal Cabela's catalog customers for decades, and it's an honor to serve them in our retail stores too, making our gear and knowledge even more accessible to the country's outdoor enthusiasts.”

Celebrating its 50th anniversary this year, Cabela's reported total revenues of $2.6 million for the fiscal year ended January 1, 2011, earning a net income of $112,159 (all figures $US).