Swot Analysis For Cabela's

Improved Essays
Five Forces Analysis
Internal Rivalry
Internal rivalry within the outdoor recreation retail industry is moderate to high. The industry consists of many sellers resulting in high competition. However, majority of the market share is owned by large companies such as Cabela’s, Dick’s Sporting Goods, Big Five Sporting Goods, and Hibbit’s.1 Smaller companies reside within the industry too but they have trouble competing with larger company’s prices. The larger companies have lower profit margins but sell substantially more products so they can take part in price competition and still be profitable. The Outdoor Industry Association estimated that consumers spent $120.7 billion on outdoor recreation products in 2012.1 Based on that estimate,
…show more content…
For example, a few strengths are the large loyal consumer base and large retail stores. By having a loyal base new ventures have some leeway as a portion of the customer base buys Cabela’s because it is simply Cabela’s regardless if products are overpriced. The large retail stores are designed to provide consumers with a memorable experience. Consumers that go to these extravagant retail stores get hands-on experience with the products available. Some of the stores also have restaurants, gift shops and arcades to further the memorable experience for consumers of all ages. Also, Cabela’s is a very specialized company that diversifies themselves from competitors based on their huge inventory available. Such a large inventory proves as a strength because consumers can find basically any products they need at Cabela’s rather than having to shop at multiple …show more content…
As a result of this and their brand image, many of their items tend to be overpriced. While this can prove profitable for them, it also serves as a weakness. Companies competing with Cabela’s can gain some of Cabela’s customers by pricing products more fairly. Also, the capital costs associated with opening such large retail stores can be seen as a weakness, too. If a retail store continually doesn’t meet sales expectations, then Cabela’s may have to cut their losses and close down a store. This would not only negatively impact their bottom line but it could also be very detrimental to their

Related Documents

  • Decent Essays

    The Organization I once again choose is Cracker Barrel. A restaurant that is 45 years old and has seen so much competition come and go and the one thing that stands out is the food. The food and any restaurant has to be good for it to last that long. For people might not like the people, might not let the layout, but if the food is come those people that complain will come back for the food.…

    • 629 Words
    • 3 Pages
    Decent Essays
  • Improved Essays

    Threats To REI Essay

    • 679 Words
    • 3 Pages

    “REI is the nation’s leading outdoor equipment outlet and largest retail cooperative in the United States” (Pun 45). However, REI faces a threat when it comes to larger chain sporting goods stores, and how they are able to maintain a higher profit margin while still meeting both quantity and quality of any given product. Other larger chain sporting goods stores that are public companies can issue more stocks in order to produce more capital, REI cannot. Therefore, REI sells their goods at a higher price than other retailers. While they cater to those who support environmentally friendly options they do close themselves off of a large part of the consumer public because of their high prices.…

    • 679 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Eleven years prior, school football player Kevin Plank became weary of changing the overwhelming, sweat-soaked cotton T-shirts under his pullover. He contrived a skin-tight engineered shirt that "wicked-away" sweat - and took advantage of a profound unmet need among competitors. Presently, Under Armour is the lord of the "pressure" athletic clothing business sector, coming to the distance down to the grade school play area, where its $20-$40 T-shirts and turtlenecks are must-have things. In the interim, CEO Plank has fanned out to offer everything from gloves to duffel sacks. That has sent deals taking off 56% a year since 2002, to $271.3 million in 2005.…

    • 620 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    The Works Swot Analysis

    • 328 Words
    • 2 Pages

    The Works- A Leading Shopping Hub About Us The Works is one of the leading online shopping destinations in the UK. The Company offers wide range of books, toys and other stationary items at discount prices. The Company was founded in 1981 and since then it has gained a huge experience and respect in this industry. The Company is known for selling more than and one million of its products every week to consumers , who are looking for a bargain.…

    • 328 Words
    • 2 Pages
    Decent Essays
  • Improved Essays

    The retail market is one of the most highly competitive markets in the world. Dick’s is constantly trying to one up specialty sporting goods retailers and mass merchants. In additional in a time of economic downturn retail expenses from consumers are one of the first to go. Looking out past the 5 year forecast, Dicks faces risk from supplier control, as the vendor side of the sporting goods industry growing more consolidated. Vendors such as Nike, Adidas, Under Armor would cause a significant drop in business if any of them were to discontinue selling to dicks or change allocation the firm receives.…

    • 806 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    2.0 Situation Analysis The Salvation Army has been operating for many years, which has had a big growth throughout the time. The variety of services is the key to making this non-profit organization expand. The Salvation Army offers many programs to help those in need, and also supports foundations, individual donors; corporations who want to help others. In the DFW area, many of the services are split in around from offices to thrift stores into helping the Salvation Army grow, despite other competitors around.…

    • 781 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Executive Summary Coach Inc. has over the past 10 years been on a rollercoaster of sorts with the price of their stock increasing and decreasing multiple times during the decade. 2009 reflected a significant drop in price based on the previous years of 2006-07, while 2011-12 marked an all- time high for the company. What could be the reason(s) behind that? I will be focusing my financial analysis below on what I believe went wrong and why I feel there is room for improvement. Company Background Coach, Inc. is a leading New York design house of modern luxury accessories and lifestyle brands.…

    • 1577 Words
    • 7 Pages
    Great Essays
  • Improved Essays

    Introduction Hockley Valley Brewing (Hockley) has come to the conclusion that light beers are more popular than dark ones. Since its dark beers have always been its flagship product, Hockley has to decide whether to change its marketing mix to adapt to the latest market trend, or to keep steady in its current course. Their proposed solution, should they decide to follow through with it, is a new light lager called Hockley Classic. SWOT Analysis Strengths: • Have a talented brewer, who is from a German family with lots of experience in brewing.…

    • 747 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    Precision Consulting has performed an analysis of CanGo’s operations, market, and financial reports to present recommendations that would help CanGo Board Members make informed decisions, set and achieve organizational goals. Our report includes SWOT Analysis that is a structured planning method, focused on tactical and strategic management issues. Market research includes analysis of book sales, digital media, and online gaming. Competitive Analysis covers market segments and competitive advantage strategies. Financial Analysis shows CanGo’s ratios, comments on current financial state, and provides recommendations for financial health improvements.…

    • 3960 Words
    • 16 Pages
    Improved Essays
  • Decent Essays

    Original Mission Statement: The mission of Hammer College Associate Degree School of Nursing is to provide the journey of a lifetime in becoming a Registered Nurse. Revamped Mission Statement: The Hammer College Associate Degree Nursing program challenges students by using critical thinking, evidenced-based practice simulations, and professionalism to promote quality healthcare for the multicultural diverse patient population.…

    • 287 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    American Eagle Outfitter, Inc. is a leading retailer in their own marketed, branded, trending, high-quality apparel, and jewelry. There are many items from apparel to outerwear, swimwear, and footwear sold throughout their 954 American Eagle Outfitter Stores. The company first did business in 1977 and caters to a younger adult age group. The company has operated in Canada since 2001. During Fiscal 2006, the store began selling intimate apparel and catering to a more middle aged group of customers.…

    • 241 Words
    • 1 Pages
    Decent Essays
  • Improved Essays

    Texas A & M Swot Analysis

    • 321 Words
    • 2 Pages

    The college profits in view of the competitors. Previous Texas A& M Quaterback Johnny Manziel For instance there was a case amid his opportunity at Texas A&M where he was suspended ( for a half against a second rate opponent ) for purportedly offering merchindise with his signature on it. As indicated by NCAA standing rule 12.5.2.1, players are prohibited from allowing "the utilization of his or her name or picture to publicize, suggest or advance specifically the deal or utilization of a business item or administration of any sort." That's fascinating when you check out town and see pictures of football players, ball players and gymnasts on boards to offer tickets. I figure as long as their picture is profiting, standing rules are not as…

    • 321 Words
    • 2 Pages
    Improved Essays
  • Superior Essays

    Some of the driving forces of change in the discount/variety store industry are gaining new customers and retaining frequent customers. Dollar General accomplishes this by offering low prices and convenient locations and easy to shop store formats. Frequent customers are retained because they save money. Another driving force of change is the digital revolution. Dollar General offers customers DG Digital Coupon program to more than 11,300 stores across 40 states (Dollar General News Center, 2014).…

    • 1135 Words
    • 5 Pages
    Superior Essays
  • Great Essays

    SWOT ANALYSIS Goodwill Secondary School The SWOT analysis is a strategic planning method often used to highlight and identify strengths, weaknesses, opportunities and threats in any organization. It is particularly helpful in identifying areas for development (Morrison, 2010). The SWOT analysis conducted at the Goodwill Secondary School will focus on Academic Excellency, problems that hinder student achievement and recommendations for greater success of students. The analysis will be conducted based on a strategic School Improvement Plan and real experience obtained from the Researcher.…

    • 1242 Words
    • 5 Pages
    Great Essays
  • Great Essays

    their respective industries. Review your SWOT analysis, Under Armour has produced a niche created when wicking product line. This exact science and key innovations, enterprises have to enhance Under Armour clothing company to new heights, and tried to show the advantages of the other brands and products are usually all the love in the truth that comes. The wicking performance product line is the main force, the campaign will focus on (Under Armour 2014). Because of Under Armour company was founded in 1996, the company has quickly make himself a major player in the sports industry for clothing and textile major competitors Nike and Adidas.…

    • 3426 Words
    • 14 Pages
    Great Essays