Cabela's will invest $34 million in a headquarters project in its hometown of Sydney, Neb., and will also build a new mixed-use community. The investments are easing worries in the region that the outdoorsy retailer's aggressive growth plans could lure the company away.
Outdoorsy retailer Cabela's has launched national Disconnect Day, urging consumers to choose a day to turn off smartphones and leave screens behind to spend time outside. People who take an online pledge and pick a day to disconnect will get a free download of country musician Justin Moore singing "What a Wonderful World."
Retail stores and malls operated by Army & Air Force Exchange Service increasingly will compete with chains including Wal-Mart, Best Buy and Cabela's as veterans return home from Iraq and Afghanistan, making it vital for the operation to keep up with the times. At the helm is former Barneys New York CEO Tom Shull, the first civilian ever to hold the top job at the $10 billion-a-year retail business.
In a strategy similar to that of Walmart.com and Amazon.com, Sears Holdings Corp. will allow third parties to market products through its e-commerce site. The move enables consumers to buy goods from Dillard's, J.C. Penney, Cabela's and other retailers through Sears.com. Sears is responsible for returns and other customer services, but the merchant that sells the product must handle shipping.