As a leading specialty retail of outdoor gear, Cabela’s serves its customers through both direct (catalog and Internet) and brick-and-mortar retail channels, ringing up nearly $3 billion in revenues annually. The company’s retail expansion plans call for four new destination retail stores in the next two years, with more sites identified for future expansion, By licensing geoVue’s solutions, Cabela’s seeks to reduce risk, while maximizing the potential of its expansion investment.
“As part of our ongoing customer commitment to provide our customers with a memorable shopping experience, we are enhancing our existing location analysis infrastructure with geoVue’s industry leading market optimization software iPLAN Lynx,” said Tim Holland, director of new store development. “geoVue provides us with the sophisticated market planning capabilities we need to identify the locations with the highest potential for Cabela’s signature retail stores, and allow us to focus long-term planning and development efforts on those locations.”
“We conducted a detailed assessment of all of the major providers in the retail location intelligence space and selected geoVue as our partner,” said Corey Bergstrom, director of customer analytics. “geoVue is the clear industry leader, combining a superior methodology incorporating a location allocation model and high-performance drive-time engine. It offers a collaborative business analysis process, high-quality consumer and demand data and a software platform that is both powerful and easy to use.”
geoVue’s dynamic location optimization software provides modeling and optimization solutions based on predictive, multi-factor trade areas. geoVue’s unique approach to data and model maintenance will provide Cabela’s with a localized, real-time geospatial decision-making framework for its site selection strategy.
“We are proud to have been selected as Cabela’s partner on this important initiative, said Jim Stone, geoVue’s founder and chief development officer. “We look forward to working with its talented marketing analytics team to develop a retail market simulation environment that supports its strategic planning processes. Cabela’s is a legendary retail concept that is a destination for sportsmen and outdoor enthusiasts; our work will reflect the unique aspects of its concept as it continues expansion plans.”
geoVue goes beyond simple site selection. It optimizes location networks. Using its innovative solutions and domain expertise, geoVue develops predictive store trade areas that allow clients to decide which markets to enter, expand or exit; how they should optimize store networks within each market; and how to localize marketing and merchandising.
Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading specialty retailer, and the world’s largest direct marketer, of hunting, fishing, camping and related outdoor merchandise. Since the Company’s founding in 1961, Cabela’s® has grown to become one of the most well-known outdoor recreation brands in the world, and has long been recognized as the World’s Foremost Outfitter®. Through Cabela’s growing number of retail stores and its well-established direct business, it offers a wide and distinctive selection of high-quality outdoor products at competitive prices while providing superior customer service. Cabela’s also issues the Cabela’s CLUB® Visa credit card, which serves as its primary customer loyalty rewards program. Cabela’s stock trades on the New York Stock Exchange under the symbol “CAB.”
About geoVue ( www.geovue.com)
geoVue is the leading provider of dynamic location optimization software
for retailers, restaurants and other real-estate based consumer channels
seeking a higher return on capital investment. geoVue’s
state-of-the-art modeling and optimization solutions help its clients
holistically plan store networks and prioritize capital investments
based on predictive, multi-factor trade areas. Clients prioritize
markets to enter, expand or exit; optimize store networks; and localize
marketing and merchandising. geoVue’s unique
approach to data and model maintenance provides each client with a
localized, real-time geospatial decision-making framework configured for
its particular customer-centric strategy. geoVue clients “don’t
leave square footage on the table. ”