I have family that worked for Cabeleas, that company is in the process of going straight to hell ever since they become a publicly traded country.
They are now outsource-ing and laying people off, and making all sorts of short term decisions that in the long run are going to screw over the company.
They should have never become a publicly traded company.
I buy a lot of stuff from Cabelas and use their credit card regularly. I really love that store. I love Bass Pro too.
It was all about access to capital in order to finance the increase in stores and entry into new markets. Of course, it comes with the downside of demand by the market to hit quarterly numbers, leading to the decisions you've decried here. It was the ultimate siren song and now it seems they're about to hit the rocks.
I have no particular love/hate for Cabela’s since their stores are too far from me to purchase from. Their catalog prices are OK but again it’s not like I can’t purchase similar products at competitive prices elsewhere.
If they decide to run the company into the ground, that’s the fault of the senior management and the board of directors. Let them have at it, someone else will step into the void left when the company goes bankrupt.