Thread regarding Cabela's Inc. layoffs

hmmm...interesting...someone referred to the "troll" as MR ALL CAPS, then a following post referred to the "troll" as a "she".

Does someone know the "troll" is a she or are they stereotyping (i.e., females have low competancy in spelling and grammar - which we know is wrong).

Let hope that Bass Pro-bela’s doesn’t test prospective employees for competancy in spelling and grammar She won’t stand a chance.

Could we ban MR ALL CAPS...he's a troll

Background (since it's now required to post): investor, former consultant, current retail VP, space traveler, alien hunter, personal assistant to Teddy Roosevelt, groundskeeper at Monticello, oh and inventor of Bitcoin. OR IN OTHER WORDS LAID OFF EX CABELA EMPLOYEE IS WHAT YOU ARE SAYING WITH THE FOLLOWING COMMENT WHO DREAM OF THE DAY SIDNEY AND THE EMPLOYEES OF CABELAS ARE OUT THE STREET. RIGHT

Oh, you forgot time traveler.

Well hello, Mr Wright!

1) I am the person who originally wrote this post as a comment on another thread.

2) that was my first post on this site ever, this is my second. Obviously someone has some disillusionment regarding: life, business, retail, the number of people that are of a similar opinion on this site, etc.

3) I could give you my background relative to retail companies but you have no idea who I am, you have no way to verify what I would tell you ... why do you bother asking? The post was simply a warning to the 765 other viewers that, based on my knowledge of retail mergers, this isn't going to go on and on and on.

4) the other poster defended him/her self well but they are very correct, retail is a low margin business as a whole and it's only getting lower thanks to Amazon as well as manufacturers selling direct to consumer. If you don't know this perhaps you should get off this site and visit the yahoo financial section and read through some material on retail earnings announcements.

5) I'll be the first to admit that retail companies have merged in the past without massive layoffs among corp employees. That occurs when the companies sell different products or some meaningful competitive advantage would be lost from losing the people or process. (Wal-Mart buys Jet and Jet becomes their ecomm business, Amazon buys Whole Foods and keeps pretty much everyone, etc). Cab and BP are the same company, for every person at Cab there is a counterpart at BP already buying that product, planning that product, marketing that product, etc. Adding stores to an existing process IS NOT DIFFICULT! I have 3 retail mergers under my belt to confidently speak to this point.

6) BP overpaid for Cab. I don't know why their owner did it but he paid double what he should have. He offered so much that no one else even bothered to complete a competing offer at a time when Cab was financing other firms to make bids so BP thought it was a competitive process. Why did he pay so much more? For starters, he wanted Cab bad and now he has it. Secondly he knew he was the only guy out there that could capture 80% of Cab sales while cutting hundreds of millions in costs by eliminating thousands of jobs. See that? The elimination of jobs is an essential component to his plan because it's why he was willing to pay so much for the company. The debt he took on guarantees combined operations and layoffs, otherwise Cab becomes the boat anchor that takes down BP.

Background (since it's now required to post): investor, former consultant, current retail VP, space traveler, alien hunter, personal assistant to Teddy Roosevelt, groundskeeper at Monticello, oh and inventor of Bitcoin.

These were directors of Cabela's ...not directors of Bass Pro.

What the heck do they know. They're in the dark as much as everyone else.

At this point or in the past year, if you believed everything the directors told you, you are WAY too naive. They all got bonuses if they stayed until the closing so my guess would be they would tell you anything to get you to stick around a while longer.

To the person with 30 years at Cabela's, were these current Cabela's directors or BP directors? Either way that decision was made before the deal closed and I'm guessing it was just lip service to calm the Sidney crowd. Now BP has to make sure they can get a return on the investment. I'm sure if things continue the way they are, poor sales, etc....that year to two year plan will go right out the window! Just as the saying goes: the best laid plans go right out the window, when bullets start flying. Q1 those plans will go right out the window!

Just to correct the poster: "the different computer languages."

Bass Pro and Cabelas do not use different computer languages.

I think it is time to start ignoring the broken record. It is easy to pick out their posts, then, we just stop reading them. Their arguments will fall of deaf ears (eyes) and they will hopefully fade into oblivion.

This post is actually from someone else! There are more than two people reading this site with one constantly agreeing with him/herself all the time. Stop regurgitating the same nauseating information.

Correct it not, right or wrong this is going to happen very quickly after the new year. Financially it has to - to much debt to lolly daddle - complain about or gripe about, them is the facts

I will respond to your post with facts as I know them. I have worked at Cabelas for almost thirty years. In a meeting with four directors last April. A question was asked how long will it take for the merger of the two companies to be complete . Will the merger be done in a year. The answer was this is a very difficult merger with the number of employees. Stores. Distribution centers corporate offices and the different computer languages. A year will not be enough you are probably looking at close to two years.those are the comments from four directors who all at bass pro headquarters today working on the merger. I assume the poster was at home today and is an ex employee of Cabelas,

You never did answer the question if you pretended to be other other posters in the three post which praised your post. You didn't answer what is your background with Cabelas, bass pro or experience in regard to merger s with large companies.

Oh brother.

OK genius here's how you find out what a company's profit margin. Go to their financials and look it up. Cabela's profit margin is 3.29%. This means for every $100 they collect from customers...and pay all their bills....they have $3.29 profit. Okay? Same as it was in the 1890s.

So Apple which is also a retailer has a 20.97% profit margin

Glad you worked in retail your whole life.

What is the date of your business 101 book? Is it newer then 1890, I researched some on the internet and clothing has the third highest retail mark up of any retail item,

A few questions to the poster. 1. What is your background at bass pro or Cabelas or with mergers involving huge companies. 2. The three posts which praised this post came very close together. I assumed the poster posted the three posts pretending to other in which he praised his own post. Wow another remark for stupidity retail is a low margin business ( especially the outdoors sports man sector) the poster stated he learned it in business 101. Maybe the poster you should take a refresher course .

Huh?

Thank you for posters. BP and Cab had over a year to finalize this acquisition and they could have a plan in place of what departments to cut. My posts have never involved the retail stores -just corp.

I agree. This is the way they look at it.

-They paid a lot for Cabela's (high debt load)

• Sales have been steadily declining

• Amazon has made inroads into their business

-Their demographic is steadily dying off.

-Retail is an overall a low margin business

-Now they have two of everything (HR, marketing, IT, Corporate headquarters, etc.)

So their only way forward is to get as much market share as possible, raise prices and pay down their debt. So how do you do that...reduce your costs! Big time. Slash everything until you have just what you need to move forward.

Business 101.