They started thinking about Xanadu in Rutherford when the mega-mall goes in, but realized (a) Sunday Blue Laws and (b) proximity to all those rugged outdorsmen in NY City.
I'd heard initially at a cocktail party that the Blue Laws were being challenged, but later heard that the laws were staying in place in Bergen County, so there went 1/2 the weekend for selling clothing, which is about 1/2 the store. That plus no Sunday NICS in NJ, and why bother opening the door? The SJ location was supposed to provide good traffic from De., NE Md., and the 1/2 of NJ that is still green, plus all the folks visiting Atlantic City.
Press Release: East Rutherford, NJ (October 5, 2004)
CABELA'S PLANNING TO BUILD MEGA-STORE
IN EAST RUTHERFORD, N.J.
SIDNEY, NE - Cabela's, the World's Foremost Outfitter of hunting, fishing and outdoor gear, announced today that it is in negotiations to build one of its world-famous retail stores at the Meadowlands Sports Complex in East Rutherford, N.J. The 175,000-square-foot store could open in Spring, 2007, with construction scheduled to begin in Spring, 2006.
Experience a Cabela's Retail Store. Check out our store Photo Gallery and our Video Tour.
The store, part of the Meadowlands Xanadu sports, leisure, family entertainment and shopping complex, would be similar in size to the Cabela's retail showroom in Kansas City, Kan. and Buda, Texas.
The Meadowlands store would be built in Cabela's trademark style 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. Cabela's retail stores are known as top-notch education and entertainment destinations, many of which are the leading tourist attractions in their respective states.
To operate the new store, Cabela's would expect to employ as many as 500 people, who would join the Cabela's family of more than 8,000 employees. Employees are expected to come from East Rutherford and the surrounding area to join Cabela's family of staff members famous for their outdoor lifestyle and intimate knowledge of outdoor products.
"By combining everything the Cabela's retail experience offers with the excitement of the Meadowlands Xanadu complex, we can create the premier destination for sporting enthusiasts along the East Coast," said Cabela's President and Chief Executive Officer Dennis Highby. "We believe Cabela's is the perfect fit to bring the outdoors to the Meadowlands and with so many valued customers who live the Cabela's lifestyle nearby, we would expect this retail store to be an overwhelming success."
"So many people are coming together to make this work," Highby said. "We really appreciate the efforts of all the people, including the Mills Corporation and all the others who are working to make this happen."
Features which would greet visitors to the Cabela's store include:
A huge 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 40,000-gallon freshwater aquarium stocked with fish native to the area.
Museum-quality representations of many wild-game species, including an expansive diorama devoted to African game animals.
World-cl [no swearing please] Gun Library™, providing gun collectors and aficionados the opportunity to browse through a collection of examples of the gun-making art.
Full-service fly-fishing shop, much like a store within a store, with the products - and helpful, experienced staff - for all fly-casters from novice to expert.
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.
Cabela's, which is headquartered in Sidney, Nebraska, is a true American success story. Starting from a small kitchen-table operation in 1961, Dick and Jim Cabela have built its reputation as the World's Foremost Outfitter of hunting, fishing and outdoor gear by serving millions of customers through the company's mail-order catalogs, retail stores and Internet web site. The company publishes and mails more than 100 million catalogs each year to customers in all 50 states and 120 countries. The web site, located at www.cabelas.com, offers outdoor enthusiasts access to a full-line of outdoor gear, as well as comprehensive content pages with tips, stories and state-by-state outdoor recreation guides. Cabela's operates retail stores in Sidney and Kearney, Nebraska; Owatonna and East Grand Forks, Minnesota; Mitchell, South Dakota; Prairie du Chien, Wisconsin; Dundee, Michigan; Kansas City, Kansas, Hamburg, Pennsylvania; Wheeling, West Virginia; Ft. Worth and Buda, Texas and Lehi, Utah. Cabela's is publicly traded on the New York Stock Exchange under the symbol "CAB."
CAUTIONARY STATEMENT FOR THE PURPOSE OF THE SAFE HARBOR PROVISIONS UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This press release contains "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. Forward-looking statements involve risks and uncertainties that may cause the Company's actual results, performance or financial condition to differ materially from the expectations of future results, performance or financial condition 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 lease and economic development arrangements; expansion into new markets; market saturation due to new destination retail store openings; the rate of growth of general and administrative expenses associated with building a strengthened corporate infrastructure to support the Company's growth initiatives; increasing competition in the outdoor segment of the sporting goods industry; the cost of the Company's products; supply and delivery interruptions; adverse weather conditions; fluctuations in operating results; adverse economic conditions; labor shortages or increased labor costs; changes in consumer preferences and demographic trends; increased government regulation; inadequate protection of the Company's intellectual property; other factors that the Company may not have currently identified or quantified; and other risks, relevant factors and uncertainties identified in the Company's final prospectus relating to its initial public offering, which is available at the Company's website at www.cabelas.com and the SEC's website at www.sec.gov. The words "believe," "would," "expect," "plan," and similar statements are intended to identify forward-looking statements. 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 of this press release. Other than as required by law, the Company information, future events or otherwise.