Indianapolis area getting next-generation Cabela’s
Outdoor retailer Cabela’s is bringing its smaller format, next-generation concept to the Indianapolis suburb of Noblesville.
The store isn’t due to open until the fall of 2015 but Cabela’s tends to pre-announce store expansion plans well in advance of actual opening dates as its stores tend to be big news events in the communities where they are located.
Construction is expected to begin later this at Interstate 69 and Campus Parkway in the new Saxony Campus development adjacent to Hamilton Town Center.
“We hope outdoorsmen and women across Indiana are as excited as we are about this store, which will be extraordinary in every way,” said Cabela’s CEO Tommy Millner. “For years, thousands of Hoosiers have faithfully supported Cabela’s through our catalogs, website and neighboring retail locations. Now those loyal customers have a second Cabela’s store to call their own.”
The store will be built in Cabela’s next-generation layout the company says is designed to surround customers in a complete outdoor experience. The building’s exterior will reflect Cabela’s familiar architectural styling with log construction, stonework, wood siding and metal roofing. A large glass storefront will allow customers to view much of the store’s interior as they approach the building.
The interior will feature thousands of quality outdoor products, as well as museum-quality wildlife displays, a mountain with a built-in aquarium, gun library, bargain cave, indoor archery range and archery tech room, fudge shop and deli.
What earns the store its next generation distinction is the fact that it is substantially smaller than earlier verison’s of Cabela’s stores. For example, when Cabela’s first arrived in Indiana in 2007 it was with a massive 185,000-sq.-ft. store in the northern Indiana town of Hammond, located west of Gary and south of Chicago. The new store near Indianapolis will be nearly 100,000 square feet smaller which allows the company to enter small markets and operate profitably on lower sales volumes.
Currently, Cabela’s operates 51 stores across North America and has announced plans to open an additional 23 over the next two years.
Winter unable to freeze Burlington Stores’ comps in Q4
Severe winter weather has adversely affected many retailers in the fourth quarter, but not Burlington Stores, which saw comparable store sales increase 4% and net sales increase 1.3% to $1.3 billion for the period ended Feb. 1.
“We are extremely pleased with our results in the fourth quarter and for the full year, given our strong sales and bottom line performance. For the year, we achieved a comparable store sales increase of 4.7%,” said president and CEO Tom Kingsbury. “These results benefited from strong fourth quarter comps of 4% as we continued to improve the execution of our off-price model. We remain focused on delivering great value, brands and freshness to our customers every day as well as executing our growth initiatives to improve comparable store sales, expand our retail store base and enhance our operating margins in fiscal 2014 and beyond.”
For the full year, comparable store sales increased 4.7%. Net sales increased 7.2% to $4.4 billion. During the year, the company opened 21 net new stores, ending the year with 521 stores.
Looking ahead, the company anticipates net sales to increase in the range of 5.8% to 6.8% and comparable store sales to increase between 2% to 3% for fiscal 2014. Net new store openings are expected to include two locations opening in April, one location opening in May and 22 stores in the fall. For the first quarter of fiscal 2014, the company expects comparable store sales to increase 2% to 3% and to open two new stores.
Sales trends improve for Books-A-Million
Despite having comparable store sales decreases in the fourth quarter and fiscal year, Books-A-Million saw core book business improve, driven by what president and CEO Terrance G. Finley called a strong lineup of new titles.
Revenues for the 13-week period ended Feb. 1 decreased 3.7% to $157.9 million, compared with revenues of $163.9 million in the 14-week year-earlier period. Comparable store sales for the quarter which include comparable 13-week periods this year and last year declined 1.8%, compared with the same period last year.
For the 52-week period ended Feb. 1 revenues decreased 5.6% to $470.3 million from net revenues of $498.4 million in the 53-week year-earlier period. Comparable store sales, which include comparable 52-week periods this year and last year, declined 6.8%.
"We were pleased with our performance in the fourth quarter,” said Finley. “Our new business initiatives also performed well supported by consumer enthusiasm in pop culture, movies and media. Our team executed our plan admirably despite the challenges presented by the weather in both December and January.”
Books-A-Million operates 256 stores in 33 states and the District of Columbia. The company operates large superstores under the names Books-A-Million (BAM!), Books & Co. and 2nd & Charles and traditional bookstores operating under the names Bookland and Books-A-Million. Also included in the company’s retail operations is the operation of Yogurt Mountain Holding, a retailer and franchisor of self-serve frozen yogurt stores with 43 locations.