Buy out of Sportsman Warehouse comes apart.

[scbassin]

A year ago, Sportsman’s Warehouse entered into a merger agreement with Great American Outdoors, parent company of Cabela’s and Bass Pro Shops. Effective December 2, 2021, that merger agreement was terminated. We at Sportsman’s Warehouse are excited to continue operating as a separate, independent and publicly-traded company (NASDAQ: SPWH).   As we enter 2022, we look forward to continuing our strong growth – adding more stores, improving Sportsmans.com, and expanding our product assortment and services. Our mission to provide outstanding gear and exceptional service remains unchanged.   Gear up for unforgettable!

Jon Barker CEO

[Glenn]

Yup, we reported this when it happened.

https://www.bassresource.com/bass_fishing_123/bass-pro-Sportsman-Warehouse-12421.html

 

[volzfan59]

I sure hope that they put a Sportsman's Warehouse in Monroe, LA when they start "...adding more stores..."

 

[Deleted account]

Old news. They don't have enough cash to keep going much longer. I guess the regulators prefer a liquidation to a merger.

[Trox]

16 minutes ago, Deleted account said:

I guess the regulators prefer a liquidation to a merger.

Me waiting on that liquidation sale:

[Log Catcher]

If they want to stay in business they need to be lowering their prices. I can order stuff a whole lot cheaper than buying from them. I don't have to make a 10 minute drive to the store so I'm saving on gas too.

[Big Rick]

1 hour ago, volzfan59 said:

I sure hope that they put a Sportsman's Warehouse in Monroe, LA when they start "...adding more stores..."

 

Who needs them when you got Toledo Tackle and the Honey Hole!!  I lived in the area for years and didn't realize how good I had it until I moved 4 hours away. 

[Deleted account]

1 hour ago, Log Catcher said:

If they want to stay in business they need to be lowering their prices. 

That's not how it works.

[Phelptwan]

They need to figure out their inventory issues and actually keep things in stock.  Even commonly available stuff and commodity items run out constantly at ours, let alone anything special.

[schplurg]

Quote

We at Sportsman’s Warehouse are excited to continue operating as a separate, independent and publicly-traded company

Riiiiiight!

[CrashVector]

Good.

 

Cabela's/BPS is the Walmart of fishing.

[Cigarguy]

36 minutes ago, CrashVector said:

Cabela's/BPS is the Walmart of fishing.

I agree.  When Cabela's and BPS first came to my city they were separate companies.  Both drove the few local outdoor shops out of business.  Back then Cabela's/BPS were the best thing since slice bread but the bread is pretty moldy these days.  

 

 

[Log Catcher]

23 hours ago, Deleted account said:

That's not how it works.

Let me rephrase that. They need to lower their prices if they want my business. It's a rare day I go in there and actually buy something. I'm not going to support a business that has much higher prices on items I can get a lot cheaper elsewhere.

[redmeansdistortion]

19 hours ago, Cigarguy said:

I agree.  When Cabela's and BPS first came to my city they were separate companies.  Both drove the few local outdoor shops out of business.  Back then Cabela's/BPS were the best thing since slice bread but the bread is pretty moldy these days.  

 

 

I miss the old Cabela's.  I remember when they first built the one in Dundee, MI, it was an outdoor shop unlike anything else I had been in previously.  I remember lusting over the then new Abu Morrum in that store on my first visit, the price tag on that guy was $299 which was quite a bit of coin for 19 year old red.

[Deleted account]

13 hours ago, Log Catcher said:

Let me rephrase that. They need to lower their prices if they want my business.

Yup. There is a saying in sporting goods retailing, "The enthusiast is not your customer" applies to everything from scuba regulators to ski bindings and everything in between.

Sales without margins is a sure way to go under.

 

[Phelptwan]

12 hours ago, redmeansdistortion said:

I miss the old Cabela's.  I remember when they first built the one in Dundee, MI, it was an outdoor shop unlike anything else I had been in previously.  I remember lusting over the then new Abu Morrum in that store on my first visit, the price tag on that guy was $299 which was quite a bit of coin for 19 year old red.

 

I remember the first time we visited the store as well.  The mounts were a work of art, and it was as good as a zoo for 14 year old.

[TnRiver46]

15 hours ago, redmeansdistortion said:

I miss the old Cabela's.  I remember when they first built the one in Dundee, MI, it was an outdoor shop unlike anything else I had been in previously.  I remember lusting over the then new Abu Morrum in that store on my first visit, the price tag on that guy was $299 which was quite a bit of coin for 19 year old red.

I went to that cabelas a couple weeks ago 

 

I’ve never even laid eyes on a sportsman’s warehouse 

[geo g]

Competition is a good thing.  Provide first class service, a good product line, and dependability, and the future is bright!

[Deleted account]

12 minutes ago, geo g said:

Competition is a good thing.  Provide first class service, a good product line, and dependability, and the future is bright!

LOL...

[redmeansdistortion]

1 hour ago, TnRiver46 said:

I went to that cabelas a couple weeks ago 

 

I’ve never even laid eyes on a sportsman’s warehouse 

We have one Sportsman's Warehouse here in SE Michigan, it used to be Field and Stream.

[Bigassbass]

The one closest to me is in Greensboro, N.C. and I think it looks like a Cabela's on the outside but inside no comparison.  It's 40 miles closer to me than Cabela's but I don't shop often.  Prices are a bit inflated. 

[volzfan59]

9 hours ago, TnRiver46 said:

I went to that cabelas a couple weeks ago 

 

I’ve never even laid eyes on a sportsman’s warehouse 

Hey buddy, Next time your down towards Chattanooga, they have Sportsman's Warehouse. It's a pretty nice store, prices are in line with BPS, heck they're prices a pretty much in line with the mom and pop store's where I live. I was there one morning before Christmas, shelves were well stocked.

[bigspirit]

20 hours ago, volzfan59 said:

Hey buddy, Next time your down towards Chattanooga, they have Sportsman's Warehouse. It's a pretty nice store, prices are in line with BPS, heck they're prices a pretty much in line with the mom and pop store's where I live. I was there one morning before Christmas, shelves were well stocked.

Literally just went in there yesterday. Had pretty good stock on everything in the fishing section

[Fallser]

They just opened one within a reasonable drive for me, about a half hour.  I went to it with a couple of fishing buddies on Tuesday.   They had a good selection and the prices were similar, maybe a bit cheaper than Cabela's/Bass Pro.  I know we're not going to be driving the two hours to the nearest Cabela's or the hour and a half to the nearest Bass Pro anymore.  They even had a decent selection of fly tying materials.

[steve-pierce]

I was in the Lexington store last week. Fully stoked but like mentioned before, A bit high. I know they are brick and mortar but $10.49 for a Strike King frog?