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Cabela’s blames Gander Mountain liquidation for weak sales

Cabela’s blames Gander Mountain liquidation for weak sales

SIDNEY, Neb. — Cabela’s senior leadership blamed the company’s disappointing second quarter sales performance on Gander Mountain’s ongoing liquidation, according to a statement released last week.

The Nebraska-based sporting goods chain reported a 9.7 percent decrease in second quarter same store sales Thursday, as Internet and brick and mortar profits dipped 3.9 percent and 6.7 percent, respectively. Net income plummeted nearly 25 percent over 2016.

“Merchandise sales were challenging in the second quarter,” said Tommy Millner, Cabela’s chief executive officer, in a press release Thursday.

Read the full story from Guns.com.

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About Rebecca Smith

Rebecca Smith is a Wisconsin native currently living in Illinois with her husband, Eric, and two dogs, Maggie and Grace. She enjoys hiking, biking, kayaking and, of course, camping in cabins and park models.

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