SIDNEY, Neb.–(BUSINESS WIRE)–Aug. 17, 2004–Cabela’s Incorporated (NYSE:CAB), the nation’s largest direct marketer, and a leading specialty retailer, of hunting, fishing, camping and related outdoor merchandise, announced today that the Company is in negotiations to build a 150,000-square-foot store near Lehi, Utah, and plans to have it open for business by late 2005. Construction is scheduled to begin in the summer of 2004.
The store, to be built on a 50-acre site on Interstate 15 at the SR92 Alpine Highland Highway interchange in the Traverse Mountain Development near Thanksgiving Point, would be the Nebraska-based Company’s thirteenth retail outlet, similar in size to the Cabela’s retail showrooms in Owatonna, Minn. and Kansas City, Kan. The newest Cabela’s store, a 175,000-square-foot facility in Wheeling, W.Va., opened August 12, 2004.
Dennis Highby, Cabela’s President and Chief Executive Officer, commented, “As we previously stated, we have accelerated our retail store opening plan for fiscal 2005 and are thrilled to announce this new location in Lehi, Utah. This store represents another important step in our ongoing strategy to increase our retail presence across the country. When combined with our two Texas stores that are also scheduled to open next year, Utah will enable us to increase our retail square footage by 43%, bringing total square footage to 1,880,709 in 10 states.”