Cabela’s is focused on smaller stores closer to quality retail.
On the heels of a disappointing financial quarter, the CEO of outdoor retailer Cabela’s says the company plans to stick to opening smaller-format stores.
Cabela’s missed the target Wall Street set for profit and revenue during the second quarter of fiscal 2015.Cabela’s reported net income of $40.5 million, down 8% from $43.5 million the same quarter the prior year.
“While our second quarter results fell short of expectations, we are encouraged by several positive trends in our business, including our fifth consecutive quarter of sequential improvement in U.S. same-store sales,” said Tommy Millner, Cabela’s CEO.”
Cabela’s aims to drive growth with smaller stores