Certain retailers seem to be immune to economic struggles hitting the country. High-end grocers such as whole Foods and Trader Joe’s seem to be doing well, for instance. Time Magazine recently ran a story pointing out how well luxury shopping malls, filled with stores such as Nordstrom, are also thriving today.
From what I can see, though, there is no retailer doing quite as well today as is Cabela’s.
And the hunting and fishing superstore seems to be doing especially well in the Midwest.
Just look at the recent news that came to us at Midwest Real Estate News: Minneapolis’ Kraus-Anderson Construction Company was just named the construction manager for a new Cabela’s Outpost in Saginaw, Mich., a 43,000-square-foot hunting superstore expected to open in the spring of 2013.
And the Saginaw Cabela’s is not an anomaly. Kraus-Anderson is also building a Cabela’s in Grandville, Mich., that is scheduled to open in 2013, too. The company earlier built a Cabela’s in Dundee, Mich., and recently broke ground on an 80,000-square-foot version in Green Bay, Wis.
“Opening a Cabela’s Outpost in Saginaw will allow us to more efficiently serve our passionate customers across Michigan and the Great Lakes region,” said Cabela’s chief executive officer Tommy Millner, in a written statement. “In many ways this is an exciting new concept, but Cabela’s Outposts also will be true Cabela’s stores offering a premier retail experience. We are confident it will be a perfect fit for Saginaw.”
Whatever Cabela’s secret is, maybe the retailer needs to bottle it. I’m sure plenty of other struggling retailers would be happy to buy that success formula.
– Dan Rafter