i worked for a mass retailer before joining bass pro. I don't see how they stayed in business so long with the old systems, poor replenishment process. Process other companies was using ten years ago haven't even came to Bass Pro. Every year the exact same ad for classic, hunting classic and black friday. No one ever attended any of our seminars, and we had a whole staff there to cater to them. Winter wonder land is great and bring customers into the store but most just get the free picture and leave without buying anything. The company spend millions of dollars brining winter wonderland to the Bahamas after the devastating hurricane, yet i didn't see it on the news anywhere. The purchase of Cabelas only amplified the internal problems. after watching Cabelas get destroyed by chasing the credit card business, Bass did the exact same thing. Hopefully the company makes it, met a lot of good people working there, jst not good retailers.
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All I can say is what a sh– show! Must be more stores than ours. It’s embarrassing that a once awesome company is going down the drain. Our store looks like we are going out of business. Stock in every department looks very light. Who knows, rumors where for more layoffs at the end of June. There will be no one to wait on customers. Something needs to happen to get this company turned around. Our store is dirty on the inside and outside. Looks like a trash dump!
A lot of competition from online retailers. Hubris can not lead a company to stop being a dinosaur.
With the city of Memphis deal and the pyramid you can actually see sales figure, That store is not meeting any of the financial numbers they promised the city. Sales and traffic is off. As well was declining every year
Moody’s changed its debt rating of Bass Pro Group, L.L.C. to negative from stable. Concurrently, Moody’s affirmed the company’s Ba3 corporate family rating (CFR), Ba3-PD probability of default rating (PDR), and B1 term loan rating.
Financials leaked during the cabelas purchase showed $3.4BB in sales at 50% margin.
With stores being built by bond and local cities..... How on earth can the company be bleeding?
Consultants I guess.