Post by Logan on Feb 29, 2016 4:05:55 GMT -6
As Cabela’s stays silent, thousands of jobs hang in the balance across Nebraska
The Sidney, Nebraska, headquarters isn’t the only thing at stake as Cabela’s considers a sale of the company or parts of it. Hundreds of jobs in several Nebraska cities also could be on the line.
The company employs hundreds outside of Sidney — in Lincoln, where its World’s Foremost Bank operations are located; at call centers in Grand Island, Kearney and North Platte; and at a merchandise return center in Oshkosh.
Cabela’s is being pushed to make big changes after an activist investor, New York-based hedge fund Elliott Management, announced an 11 percent stake in the company in October. Since then, the retailer has said it will undergo a strategic review, which often results in a sale of a company or parts of it.
Cabela’s wouldn’t comment for this story. But the company’s 2015 annual report, released this month, shows that the retailer operates:
Read more: www.omaha.com/money/as-cabela-s-stays-silent-thousands-of-jobs-hang-in/article_d943d741-87c8-578f-83bf-f9d998e29a6b.html
The Sidney, Nebraska, headquarters isn’t the only thing at stake as Cabela’s considers a sale of the company or parts of it. Hundreds of jobs in several Nebraska cities also could be on the line.
The company employs hundreds outside of Sidney — in Lincoln, where its World’s Foremost Bank operations are located; at call centers in Grand Island, Kearney and North Platte; and at a merchandise return center in Oshkosh.
Cabela’s is being pushed to make big changes after an activist investor, New York-based hedge fund Elliott Management, announced an 11 percent stake in the company in October. Since then, the retailer has said it will undergo a strategic review, which often results in a sale of a company or parts of it.
Cabela’s wouldn’t comment for this story. But the company’s 2015 annual report, released this month, shows that the retailer operates:
Read more: www.omaha.com/money/as-cabela-s-stays-silent-thousands-of-jobs-hang-in/article_d943d741-87c8-578f-83bf-f9d998e29a6b.html