fisher16
01-26-2006, 07:17 PM
<TABLE cellSpacing=0 cellPadding=0 width=606 border=0><TBODY><TR align=left><TD class=whiteheader bgColor=#726e62 height=20>Press Release: East Hartford, CT
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</TD></TR><!-- main content --><TR vAlign=top align=left><TD class=normal width=606>CABELA'S IN NEGOTIATIONS TO BUILD DESTINATION RETAIL STORE IN EAST HARTFORD, CONNECTICUT
SIDNEY, NE - Cabela's Incorporated (NYSE: CAB), the World's Foremost Outfitter® of hunting, fishing and outdoor gear, announced today it is in negotiations to build one of its huge destination superstores on a portion of a 624-acre mixed-use development at historic Rentschler Field in East Hartford, Connecticut.
Experience a Cabela's Retail Store. Check out our store Photo Gallery (http://www.cabelas.com/cabelas/en/templates/community/aboutus/retail-detail.jsp?detailedInformationURL=%2Fcabelas%2Fen%2Fcontent%2Fcommunity%2Faboutus%2Fretail%2Fretail_stores%2Fhamburg%2Fham_store_details.html&metaTagId=hamburg) and our Video Tour (http://javascript<b></b>:openInteractive('/cabelas/en/content/community/product_features/photos/pages/pf_retailtour_int.html', 'remote');).
http://www.cabelas.com/cabelas/en/content/community/aboutus/retail/images/easthartford/ct.gifIf ongoing negotiations for the project conclude successfully, Cabela's would likely commit to a minimum of 20 years at the location, with lease extensions possible. The Connecticut store would be similar in size to the Cabela's retail stores in Kansas City, Kansas and Buda, Texas. Cabela's anticipates the store would be open by fall of 2007.
"We know that we have a lot of great customers in Connecticut and throughout the entire region, and we're excited about the possibility of a store in East Hartford," said Dennis Highby, President and CEO of Cabela's Inc. "Spending time outdoors hunting, fishing, hiking and camping is a big part of the history and culture of Connecticut and the northeast, and we know that we will complement and benefit the community."
Highby also noted that East Hartford in particular is an ideal location for a Cabela's destination superstore. "We are excited about the possibility of bringing our world-famous retail experience to our great customers who live in central Connecticut, as well as to the thousands of hunters, anglers and other visitors who travel through the area every year. East Hartford is a dynamic, fast-growing city and combines the best of New England tradition, history and culture with modern shopping and entertainment. We believe a Cabela's store will be the perfect fit for East Hartford and all of Connecticut."
To operate a new store of this size, Cabela's expects to employ as many as 450 people from East Hartford and the surrounding area, who would join the Cabela's family of employees famous for their excellent customer service, outdoor lifestyle and intimate knowledge of outdoor products. Product offerings would include hunting, fishing, camping, hiking, boating and wildlife watching gear, as well as outdoor clothing and outdoors-styled gifts and furnishings.
Cabela's currently has 12 retail locations. The newest, a 185,000-square-foot facility in Buda, Texas, opened in June of 2005. Seven additional new stores have been announced by Cabela's in the past year. Currently under construction are a 150,000-square-foot store in Lehi, Utah, opening in August, 2005, and a 185,000-square-foot store in Rogers, Minn., expected to open in October, 2005. Cabela's also has announced plans to open stores in Gonzales, La., and Glendale, Ariz., in 2006; and Reno, Nev., Wheat Ridge, Colo., and East Rutherford, N.J., in 2007.
"With the amazing outdoor recreation and sporting opportunities in Connecticut and the northeastern United States, East Hartford would be an ideal location," said Highby. "The Cabela's retail experience would complement the many, varied outdoor adventures the region has to offer."
A Connecticut store would be built in Cabela's trademark style that evokes the feeling of the outdoors. Cabela's stores are known as top-notch educational and entertainment attractions, mixing a décor of museum-quality animal displays with colorful dioramas, huge aquariums stocked with native fish and a centerpiece indoor mountain displaying trophy animals interacting in realistic re-creations of their natural habitats.
Extraordinary in design and showcasing thousands of products from Cabela's world-famous catalog, the stores are known as shopping and tourism destinations, drawing customers not only from the local area, but also from hundreds of miles away. Many traveling sportsmen and women are also attracted by the familiar Cabela's script logo and the Company's world-famous reputation for quality merchandise, value and extraordinary customer service.
Features which greet visitors to a Cabela's store include:
A towering mountain replica, the centerpiece of the store's open showroom, with running waterfalls and streams, a trout pond and trophy animals in re-creations of their distinct habitats. Similar mountains, each called Conservation Mountain, have been built in other Cabela's stores as monuments to wildlife and salutes to the sportsmen and women who support wildlife conservation.
A gigantic freshwater aquarium stocked with fish native to the area.
Museum-quality representations of many wild-game species.
A deli-style restaurant will feature delicious wild-game sandwiches, as well as tamer fare.
World-class Gun Library, providing gun collectors and aficionados the opportunity to browse through a collection of examples of the gun-making art.
Shooting gallery providing fun along with the opportunity to learn basic shooting skills in a safe environment.
Indoor archery range where archers can test and fine-tune their equipment.
Bargain Cave, featuring discount prices on returned and discontinued merchandise.
A sun-drenched atrium interior featuring authentic fieldstone accents and wood furnishings.
Beautifully landscaped grounds featuring native trees and plants.
About Cabela's Incorporated
Cabela's Incorporated, headquartered in Sidney, Nebraska, is the nation's largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise. Since the Company's founding in 1961, Cabela's® has grown to become one of the most well-known outdoor recreation brands in the United States, and has long been recognized as the World's Foremost Outfitter®. Through Cabela's established direct business and its growing number of destination retail stores, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela's also issues the Cabela's Club® VISA credit card through which it offers a related customer loyalty rewards program as a vehicle for strengthening its customer relationships.
CAUTIONARY STATEMENT FOR THE PURPOSE OF THE SAFE HARBOR PROVISIONS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Statements in this press release that are not historical or current fact are "forward-looking statements" that are based on the Company's beliefs, assumptions and expectations of future events, taking into account the information currently available to the Company. Such forward-looking statements included, but are not limited to, the Company's statements regarding the construction and lease of a destination retail store in East Hartford, Connecticut, and its anticipated opening date, and the opening of destination retail stores in other locations and the planned opening dates for those stores. Forward-looking statements involve risks and uncertainties that may cause the Company's actual results to differ materially from the expectations of future results that the Company expresses or implies in any forward-looking statements. These risks and uncertainties include, but are not limited to: the ability to negotiate favorable purchase, lease, and/or economic development arrangements for destination retail store locations; increasing competition in the outdoor segment of the sporting goods industry; supply and delivery interruptions; traffic planning around new destination retail stores; adverse weather conditions; adverse economic conditions; labor shortages or increased labor costs; increased government regulation; other factors that the Company may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in the "Factors Affecting Future Results" section of the Company's Form 10-K for the fiscal year ended January 1, 2005, which is available at the Company's website at www.cabelas.com (http://www.cabelas.com) and the SEC's website at www.sec.gov (http://www.sec.gov). Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. The Company's forward-looking statements speak only as of the date they are made. Other than as required by law, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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I just read today that they maybe having problems with some town officials/permits due to road improvements that are needed before ground breaking. Also since this development Cabelas began talking with officials in Plainfield Ma, and are thinking about putting a store off of route 1. I would rather see this store in East Hartford a thirty minute drive compared to a hour or so depending upon route 1 traffic is a better idea it think. I hope the officials in East Hartford don't let this slip away this would be a major loss if they did.
</TD></TR><TR><TD>http://www.cabelas.com/cabelas/en/images/spacer.gif
</TD></TR><!-- main content --><TR vAlign=top align=left><TD class=normal width=606>CABELA'S IN NEGOTIATIONS TO BUILD DESTINATION RETAIL STORE IN EAST HARTFORD, CONNECTICUT
SIDNEY, NE - Cabela's Incorporated (NYSE: CAB), the World's Foremost Outfitter® of hunting, fishing and outdoor gear, announced today it is in negotiations to build one of its huge destination superstores on a portion of a 624-acre mixed-use development at historic Rentschler Field in East Hartford, Connecticut.
Experience a Cabela's Retail Store. Check out our store Photo Gallery (http://www.cabelas.com/cabelas/en/templates/community/aboutus/retail-detail.jsp?detailedInformationURL=%2Fcabelas%2Fen%2Fcontent%2Fcommunity%2Faboutus%2Fretail%2Fretail_stores%2Fhamburg%2Fham_store_details.html&metaTagId=hamburg) and our Video Tour (http://javascript<b></b>:openInteractive('/cabelas/en/content/community/product_features/photos/pages/pf_retailtour_int.html', 'remote');).
http://www.cabelas.com/cabelas/en/content/community/aboutus/retail/images/easthartford/ct.gifIf ongoing negotiations for the project conclude successfully, Cabela's would likely commit to a minimum of 20 years at the location, with lease extensions possible. The Connecticut store would be similar in size to the Cabela's retail stores in Kansas City, Kansas and Buda, Texas. Cabela's anticipates the store would be open by fall of 2007.
"We know that we have a lot of great customers in Connecticut and throughout the entire region, and we're excited about the possibility of a store in East Hartford," said Dennis Highby, President and CEO of Cabela's Inc. "Spending time outdoors hunting, fishing, hiking and camping is a big part of the history and culture of Connecticut and the northeast, and we know that we will complement and benefit the community."
Highby also noted that East Hartford in particular is an ideal location for a Cabela's destination superstore. "We are excited about the possibility of bringing our world-famous retail experience to our great customers who live in central Connecticut, as well as to the thousands of hunters, anglers and other visitors who travel through the area every year. East Hartford is a dynamic, fast-growing city and combines the best of New England tradition, history and culture with modern shopping and entertainment. We believe a Cabela's store will be the perfect fit for East Hartford and all of Connecticut."
To operate a new store of this size, Cabela's expects to employ as many as 450 people from East Hartford and the surrounding area, who would join the Cabela's family of employees famous for their excellent customer service, outdoor lifestyle and intimate knowledge of outdoor products. Product offerings would include hunting, fishing, camping, hiking, boating and wildlife watching gear, as well as outdoor clothing and outdoors-styled gifts and furnishings.
Cabela's currently has 12 retail locations. The newest, a 185,000-square-foot facility in Buda, Texas, opened in June of 2005. Seven additional new stores have been announced by Cabela's in the past year. Currently under construction are a 150,000-square-foot store in Lehi, Utah, opening in August, 2005, and a 185,000-square-foot store in Rogers, Minn., expected to open in October, 2005. Cabela's also has announced plans to open stores in Gonzales, La., and Glendale, Ariz., in 2006; and Reno, Nev., Wheat Ridge, Colo., and East Rutherford, N.J., in 2007.
"With the amazing outdoor recreation and sporting opportunities in Connecticut and the northeastern United States, East Hartford would be an ideal location," said Highby. "The Cabela's retail experience would complement the many, varied outdoor adventures the region has to offer."
A Connecticut store would be built in Cabela's trademark style that evokes the feeling of the outdoors. Cabela's stores are known as top-notch educational and entertainment attractions, mixing a décor of museum-quality animal displays with colorful dioramas, huge aquariums stocked with native fish and a centerpiece indoor mountain displaying trophy animals interacting in realistic re-creations of their natural habitats.
Extraordinary in design and showcasing thousands of products from Cabela's world-famous catalog, the stores are known as shopping and tourism destinations, drawing customers not only from the local area, but also from hundreds of miles away. Many traveling sportsmen and women are also attracted by the familiar Cabela's script logo and the Company's world-famous reputation for quality merchandise, value and extraordinary customer service.
Features which greet visitors to a Cabela's store include:
A towering mountain replica, the centerpiece of the store's open showroom, with running waterfalls and streams, a trout pond and trophy animals in re-creations of their distinct habitats. Similar mountains, each called Conservation Mountain, have been built in other Cabela's stores as monuments to wildlife and salutes to the sportsmen and women who support wildlife conservation.
A gigantic freshwater aquarium stocked with fish native to the area.
Museum-quality representations of many wild-game species.
A deli-style restaurant will feature delicious wild-game sandwiches, as well as tamer fare.
World-class Gun Library, providing gun collectors and aficionados the opportunity to browse through a collection of examples of the gun-making art.
Shooting gallery providing fun along with the opportunity to learn basic shooting skills in a safe environment.
Indoor archery range where archers can test and fine-tune their equipment.
Bargain Cave, featuring discount prices on returned and discontinued merchandise.
A sun-drenched atrium interior featuring authentic fieldstone accents and wood furnishings.
Beautifully landscaped grounds featuring native trees and plants.
About Cabela's Incorporated
Cabela's Incorporated, headquartered in Sidney, Nebraska, is the nation's largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise. Since the Company's founding in 1961, Cabela's® has grown to become one of the most well-known outdoor recreation brands in the United States, and has long been recognized as the World's Foremost Outfitter®. Through Cabela's established direct business and its growing number of destination retail stores, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela's also issues the Cabela's Club® VISA credit card through which it offers a related customer loyalty rewards program as a vehicle for strengthening its customer relationships.
CAUTIONARY STATEMENT FOR THE PURPOSE OF THE SAFE HARBOR PROVISIONS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
Statements in this press release that are not historical or current fact are "forward-looking statements" that are based on the Company's beliefs, assumptions and expectations of future events, taking into account the information currently available to the Company. Such forward-looking statements included, but are not limited to, the Company's statements regarding the construction and lease of a destination retail store in East Hartford, Connecticut, and its anticipated opening date, and the opening of destination retail stores in other locations and the planned opening dates for those stores. Forward-looking statements involve risks and uncertainties that may cause the Company's actual results to differ materially from the expectations of future results that the Company expresses or implies in any forward-looking statements. These risks and uncertainties include, but are not limited to: the ability to negotiate favorable purchase, lease, and/or economic development arrangements for destination retail store locations; increasing competition in the outdoor segment of the sporting goods industry; supply and delivery interruptions; traffic planning around new destination retail stores; adverse weather conditions; adverse economic conditions; labor shortages or increased labor costs; increased government regulation; other factors that the Company may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in the "Factors Affecting Future Results" section of the Company's Form 10-K for the fiscal year ended January 1, 2005, which is available at the Company's website at www.cabelas.com (http://www.cabelas.com) and the SEC's website at www.sec.gov (http://www.sec.gov). Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. The Company's forward-looking statements speak only as of the date they are made. Other than as required by law, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events or otherwise.
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I just read today that they maybe having problems with some town officials/permits due to road improvements that are needed before ground breaking. Also since this development Cabelas began talking with officials in Plainfield Ma, and are thinking about putting a store off of route 1. I would rather see this store in East Hartford a thirty minute drive compared to a hour or so depending upon route 1 traffic is a better idea it think. I hope the officials in East Hartford don't let this slip away this would be a major loss if they did.