cabellyup.com: Facts about the Cabela's cabal
How to become a corporate welfare queen for fun and profit
people might disagree that Cabela's is good for local business. A survey
in Minnesota showed that one of the stores there not only didnt
seem to have the traffic Cabelas claimed, but also the majority
of the traffic was not from out of state.
Granted, the survey was done by a representative of Gander Mountain, another outdoor retailer which builds without tax incentives and is actively lobbying against the types of tax giveaways which Cabelas gets, including not having to pay sales taxes on Internet and catalog sales.
of the governments cannot clearly state whether there has been the types
of increases which Cabelas and their proponents claim even
though most of them accept Cabelas figures at face value.
will also tell you that they will bring numerous high paying jobs into
make claims about the number of jobs they will create but often fail to
is also not a new thing they have issues with contractors on the jobs,
as in Lacey, Wash., where they
hired a construction company which had a record of paying substandard
wages and benefits.
Ultimately Cabelas gave in:
The Cabela's catalogue remains the core business even amidst a rapid bricks-and-mortar expansion. SEC filings show that only 34% of the company's merchandising revenues came from store sales in 2004.
As they build more stores, Cabela's revenue increases. Their 2006 total income from all 19 retail locations was $304.9 million, an average of $16.05 million per store.
In their assertions to the City of Reno, Cabela's executives have projected that 75 percent of the sales tax revenue for the first year will be $2,041,034. Divided by .75 produces total first year projected sales taxes of $2,721,379. Dividing by the current Washoe county sales tax rate forecasts revenue in year one of $27,675,047.
are apparently projecting this as a bellweather store, perhaps the flagship
of the fleet. But what will happen when Cabela's expands into California.
(On June 27, 2007, a Cabela's executive told the Reno city council that
the company has "no plans" to build in California at the present
time. That assertion is contradicted
by a company statement to the Reno Gazette-Journal last year.)
site which generally addresses the business activities of Cabelas
and Bass Pro is
At the latter website, this page is of particular interest and just loaded with stories from around the country.
JUSTICE DEPT.: Scheels, which recently stirred controversy
in Sparks by wanting to rename Sparks Blvd. as Scheels Blvd., complained
favorable tax treatment in South Dakota.
all makes for some interesting reading
and serious warning.
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