Cabela's 2007 Annual Report Download - page 2

Download and view the complete annual report

Please find page 2 of the 2007 Cabela's annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 106

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106

Quarter One
BusinessWeek
publishes its first-ever ranking of
customer-service champs. Cabela’s ranks No. 15 and is
one of only two retailers to make the list.
In February, Cabela’s is named Company of the Year and
receives
Sporting Classics
magazine’s prestigious Award of
Excellence. Each year the editors of
Sporting Classics
, one
of North America’s top hunting and fishing publications,
selects a small contingent of craftsmen, artists and
companies in the outdoor industry which represent the best
in professionalism, innovation and ethics.
Quarter Three
Cabela’s opens its second store of the year in Hoffman
Estates, Illinois, a suburb of Chicago.
Cabela’s purchases S.I.R. Warehouse Sports Store, a
Winnipeg-based specialty retailer of hunting, fishing,
camping and related outdoor merchandise. S.I.R. is one
of Canada’s leading outdoor outfitters with a mail-order
operation and a 44,000-square-foot retail store that will
serve as headquarters for Cabela’s Canadian operations.
Quarter Two
Cabela’s opens its first store of the year in Hazelwood,
Missouri, a suburb of St. Louis.
Cabela’s economic development bonds related to its
Wheeling, West Virginia, location are refinanced. As a
result, the company receives $43 million from the
retirement of these bonds. Proceeds were used for new
retail store expansion, including capital expenditures and
the purchase of economic development bonds.
Cabela’s sells $60 million of senior notes in a private
placement to qualified institutional buyers. Proceeds
from the offering were used for new retail store
expansion, including capital expenditures and the
purchase of economic development bonds, and general
corporate purposes.
Quarter Four
Cabela’s opens six additional stores in just a
two-month time frame.
• East Hartford, Connecticut
• Gonzales, Louisiana
• Hammond, Indiana
• Reno, Nevada
• Post Falls, Idaho
• Lacey, Washington
Cabela’s implements customer-service enhancements at
several retail stores ahead of schedule. Enhancements
include In-Store Pick Up, which allows customers to order
products from our direct business and pick them up at
one of our stores, and In-Store Kiosks, which allow
retail customers to order from our entire product
inventory and have the order shipped to their home or
one of our retail stores for pick up.
World’s Foremost Bank exceeds one million average
active credit card accounts in the quarter and more than
$2 billion in total credit card loans outstanding.
Consumer Reports
publishes a reader survey report
ranking credit card issuers. The report ranked Cabela’s
branded credit card, Cabela’s CLUB® Visa, among the
top five in cardholder satisfaction, the highest rating held
by a bank-issued credit card.
Cabela’s Web site, www.cabelas.com, ends the year as
the most visited sporting goods industry e-commerce Web
site, according to Hitwise Incorporated.
Year In Review