Thread regarding Cabela's Inc. layoffs

Bass Pro sells eleven stores this morning.

https://www.outdoornews.com/2019/06/07/bass-pro-shops-sells-11-cabelas-stores-for-324-3-million/

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Post ID: @OP+ZrtdbBl

8 replies (most recent on top)

yes, we understand that. The question is why are the doing it and how they chose which stores to sell. If it is such a great practice, why not sell all of them. I know it gives them greater flexibility to close those stores and is way to raise cash without having to go to the banks.

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Post ID: @bylx+ZrtdbBl

They are just selling the buildings and BP is leasing them back.

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Post ID: @anqw+ZrtdbBl

dont worry the bowling alley, laser tag , and bumper cars @ the hamburg store will bring in all the revenue they need along with the pizza shop instead of the restaurant. Hhmmmm bison and elk pizza sound good.

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Post ID: @9vpi+ZrtdbBl

interesting point

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Post ID: @6jet+ZrtdbBl

I have heard and seen other large retailers do the same thing, Need to be careful not to read to much into it though

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Post ID: @4lvp+ZrtdbBl

It's not the first time they've done this. While cash flow issues could be a factor, it's not likely the only thing driving this decision. There are several advantages to a leaseback strategy (increased cash flow is one of them).

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Post ID: @3yuf+ZrtdbBl

Sounds like BP is having cash flow issues.Why else would you sell real estate to lease back.

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Post ID: @1zgi+ZrtdbBl

Many saw this coming, more than several, thanks.

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Post ID: @1foe+ZrtdbBl

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