Cabela's 2005 Annual Report Download - page 8
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Initiatives For Our Future Success
Going Forward
We believe there are many opportuni-
ties to streamline our existing
operations to become even more prof-
itable, and we already have several
initiatives underway to improve results.
These initiatives are primarily focused
on improving comparable store sales,
inventory turns and operating margins
in our retail segment.
One of our top initiatives has been the
implementation of an advanced replen-
ishment software system for our retail
stores. Many products we sell have
seasonal demand curves that vary with
the opening and closing of specific
hunting or fishing seasons. This new
system is designed to improve the fore-
casting of seasonal product demand,
making it easier for our inventory-con-
trol analysts to manage our inventory.
We believe this new system will greatly
improve inventory levels and improve
our in-stock levels over the coming
years. This will help us reach our goal
of having the right inventory in the
right place, at the right time and in the
right quantity.
We also recently introduced space
planning software to improve the
merchandise presentation in our
stores. We expect this software to
improve our store assortment plans
and help us determine profitability of
product displays at the item level.
Finally, we have implemented several
other initiatives to gain efficiencies
and further improve results. We are
expanding our use of cross-docking
and have implemented a more rigorous
assortment planning process. Both of
these initiatives will allow us to more
efficiently move inventory through
our multi-channel distribution system.
In addition, we have initiatives under
way to improve sales training, increase
private label penetration in our
product mix and optimize catalog
circulation.
6 NYSE: CAB