Cabela's co-founder Richard Cabela dies at 77
Source: AP
OMAHA, Neb. (AP) Richard Cabela, a co-founder of outdoor outfitter Cabela's, died Monday. He was 77.
Cabela, who went by Dick, died at his home in Sidney, where the company is based, said spokesman Joe Arterburn.
The company that sells outdoor gear and sporting goods got its start humbly in 1961 when Cabela bought $45 of fishing flies in Chicago. When the flies didn't sell quickly at the family's furniture store in Chappell, Neb., Cabela started selling them through the mail with his wife, Mary, and brother, Jim.
Dick Cabela's first successful ad in Sports Afield magazine offered five free fishing flies as long as the buyer paid 25 cents shipping and handling. That led to the development of the Cabela's catalog. Today, the company has 50 retail stores across the U.S. and Canada. Last year, it had $3.6 billion in revenue.
Read more: http://bigstory.ap.org/article/cabelas-co-founder-richard-cabela-dies-77
Scuba
(53,475 posts)... in their catalogues.
They shoulda stuck with Bud Grant or Brett Favre.
uppityperson
(115,681 posts)Sidney, Nebraska, a small town in the middle of nowhere.
jsr
(7,712 posts)Cabelas has received $551 million in local and state assistance during the past 15 years.
The federal government helped ensure liquidity for Cabela's' credit card division by providing $400 million in financing for the purchase of the companys securitized debt.
State and local taxpayers borrowed $60 million to build a Cabela's store and its supporting infrastructure in Buda, Texas. For that amount, every household in the 7,600-person community could have purchased a new 2012 Lexus CT Hybrid.