Coach, Inc. completes acquisition of Kate Spade & Company for $18.50 per share in cash

NEW YORK, 2017-Jul-14 — /EPR Retail News/ — Coach, Inc. (NYSE:COH) (SEHK:6388), a leading New York-based house of modern luxury accessories and lifestyle brands, today announced that it has completed the acquisition of Kate Spade & Company (NYSE:KATE) for $18.50 per share in cash for a total transaction value of $2.4 billion.

The tender offer by a subsidiary of Coach, Inc. for all the outstanding shares of Kate Spade & Company expired, as scheduled, at 5 p.m. EDT on July 10, 2017. Following its acceptance of the shares tendered, Coach, Inc. caused the merger of its subsidiary with and into Kate Spade & Company. As a result, Kate Spade & Company has become a wholly owned subsidiary of Coach, Inc. In connection with the merger, all eligible Kate Spade & Company shares not tendered have been canceled and converted into the right to receive $18.50 per share in cash, the same price per share offered in the tender offer. In addition, all Kate Spade & Company shares will cease to be traded on the New York Stock Exchange as of July 12, 2017.

Strategic Rationale

The combination of Coach, Inc. and Kate Spade & Company creates a leading luxury lifestyle company with a more diverse multi-brand portfolio supported by significant expertise in handbag design, merchandising, supply chain and retail operations as well as solid financial acumen. Coach’s history and heritage, multi-channel, international distribution model, and seasoned leadership team uniquely position it to drive long-term sustainable growth for Kate Spade.

Transaction Details

As previously announced, the $2.4 billion purchase price has been funded by a combination of senior notes, bank term loans and excess Coach cash.

Next Scheduled Announcement

Based on the timing of this transaction, the Company now expects to report fourth quarter financial results on Tuesday, August 15, 2017. To receive notification of future announcements, please register at www.coach.com/investors (“Subscribe to E-Mail Alerts”).

About Coach, Inc.

Coach, Inc. is a leading New York-based house of modern luxury accessories and lifestyle brands. The Coach brand was established in New York City in 1941, and has a rich heritage of pairing exceptional leathers and materials with innovative design. Coach is sold worldwide through Coach stores, select department stores and specialty stores, and through Coach’s website at www.coach.com. In 2015, Coach acquired Stuart Weitzman, a global leader in designer footwear, sold in more than 70 countries and through its website at www.stuartweitzman.com. Coach, Inc.’s common stock is traded on the New York Stock Exchange under the symbol COH and Coach’s Hong Kong Depositary Receipts are traded on The Stock Exchange of Hong Kong Limited under the symbol 6388.

About Kate Spade & Company

Kate Spade & Company operates principally under two global, multichannel lifestyle brands: kate spade new york and Jack Spade New York™. The four category pillars – women’s, men’s, children’s and home – span demographics, genders and geographies. Known for crisp color, graphic prints and playful sophistication, kate spade new york aims to inspire a more interesting life. The kate spade new york collection includes the Madison Avenue, Broome Street and on purpose labels. Jack Spade New York offers a timeless and versatile assortment of bags, sportswear and tailored clothing founded on the aesthetic of simple, purposeful design. Adelington Design Group, a private brand jewelry design and development group, is also under ownership. Visit www.katespadeandcompany.com for more information.

Neither the Hong Kong Depositary Receipts nor the Hong Kong Depositary Shares evidenced thereby have been or will be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to, or for the account of, a U.S. Person (within the meaning of Regulation S under the Securities Act), absent registration or an applicable exemption from the registration requirements. Hedging transactions involving these securities may not be conducted unless in compliance with the Securities Act.

Cautionary Statement Regarding Forward-Looking Statements

This report may contain “forward-looking statements” within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. In this context, forward-looking statements often address expected future business and financial performance and financial condition, and often contain words such as “expect,” “anticipate,” “intend,” “plan,” “position,” “believe,” “seek,” “see,” “will,” “would,” “target,” similar expressions, and variations or negatives of these words. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. Such statements involve risks, uncertainties and assumptions. If such risks or uncertainties materialize or such assumptions prove incorrect, the results of Coach, Inc. and its consolidated subsidiaries could differ materially from those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements, including any statements regarding the expected benefits and costs of the acquisition of Kate Spade & Company discussed herein. Risks, uncertainties and assumptions include the possibility that expected benefits may not materialize as expected; that Kate Spade & Company’s business may not perform as expected due to transaction related uncertainty or other factors; that the parties may be unable to successfully implement integration strategies; and other risks that are described in Coach, Inc.’s latest Annual Report on Form 10-K and its other filings with the SEC. Coach, Inc. assumes no obligation and does not intend to update these forward-looking statements.

Source: Coach, Inc.

Coach:
Analysts & Media:
Andrea Shaw Resnick, 212-629-2618
Global Head of Investor Relations and Corporate Communications
AResnick@coach.com
or
Christina Colone, 212-946-7252
Senior Director, Investor Relations
CColone@coach.com

FC Barcelona’s star players Messi, Neymar Jr., Piqué and Turan visit Rakuten in Tokyo to celebrate new partnership

FC Barcelona’s star players Messi, Neymar Jr., Piqué and Turan visit Rakuten in Tokyo to celebrate new partnership

Partnership based in shared values of optimism and empowerment commenced Jul. 1

TOKYO, Japan, 2017-Jul-14 — /EPR Retail News/ — Rakuten became the Main Global Partner and the first-ever Official Innovation & Entertainment Partner of FC Barcelona, one of the most iconic and beloved football clubs in the world, on July 1.

Rakuten, which was founded in 1997 as the world’s first successful merchant-focused e-commerce marketplace, now encompasses over 70 businesses spanning e-commerce, digital content, communications and fintech that bring the joy of discovery to more than 1 billion members across the world. By linking these diverse services through a common membership and loyalty program, we are creating a unique Rakuten Ecosystem for members. Rakuten’s partnership with FC Barcelona will enable us to enhance global awareness of this ecosystem and of the global Rakuten brand.

The Rakuten-FC Barcelona partnership, which is planned for four years with an option for one-year extension, is based in shared values of optimism and commitment to empowering local communities.

Hiroshi “Mickey” Mikitani, founder and CEO of Rakuten, Inc., said, “FC Barcelona’s motto of being ‘more than a club’ resonates with Rakuten’s commitment to being ‘more than a company’ – by empowering entrepreneurs and innovation, by supporting youth to become leaders of the future, and by contributing to local communities around the world.”

A group of FC Barcelona’s star players, including Lionel Messi, Neymar Jr., Gerard Piqué and Arda Turan, along with Vice President responsible for Marketing and Communication, Manel Arroyo, visited Rakuten’s headquarters in Tokyo and locations around the city to celebrate the launch of the partnership.

FC Barcelona striker Lionel Messi said, “It has been a pleasure to get to know firsthand the work Rakuten is doing in Japan and to see the passion with which they work. Their commitment to teamwork is similar to the approach we take on the pitch – it is something that both parties in this new partnership share.”

FC Barcelona forward Neymar Jr. said, “One of the most important things in football, as in life, is optimism. Before I go out on the pitch I know what I need to do, and I know I can do it. It’s wonderful to have a sponsor who shares our belief in the future.”

Centre-back Gerard Piqué said, “The team at Rakuten are visionaries and innovators – but they are also deeply passionate about supporting the communities around them. They are a great fit for FC Barcelona, a club that engages with so many communities, from its members and supporters’ clubs to fans all over the world. We look forward to a wonderful partnership.”

Midfielder Arda Turan said, “It is wonderful to be here and to be part of a team that leads the world of football and a team that is so admired here in Japan and around the world.”

FC Barcelona Vice President responsible for Marketing and Communication, Manel Arroyo said, “Having Rakuten as FC Barcelona’s Main Global Partner and Official Innovation & Entertainment Partner is an absolute pleasure and we are sure that it will be a successful collaboration for both entities. The experience, innovative vision, and commitment to social development Rakuten has will help the Club continue to grow and maintain its position as a global reference in a sporting and institutional sense. The shared philosophy, values and objectives are, without a doubt, another guarantee of the success which will come out of this agreement.”

The partnership launches with a wave of consumer campaigns and corporate activities planned to excite FC Barcelona fans around the world. Details below:

–   Rakuten and FC Barcelona will work together to power the online “Barça Fan” community using the global Rakuten ID platform. Once completed, the system will allow new members of the Barça community to sign up simply by entering their Rakuten ID.

–   Global mobile messaging service Viber, also the FC Barcelona Official Communication Channel, will launch exclusive behind-the-scenes coverage of the club’s activities on and off the field on their official Public Account, as well as a series of free sticker packs featuring all the favorite players throughout the partnership.

–   Viber will also launch a competition to offer a VIP travel package to Barcelona to see FC Barcelona legends in action at Camp Nou.

–   Rakuten Ichiba, Japan’s largest online shopping mall, has opened an exclusive FC Barcelona zone that showcases all the best of FCB goods on the site.

–   Rakuten Card, one of the top three credit cards in Japan, will launch two exclusive FC Barcelona-branded credit cards, featuring the FC Barcelona logo and some of the club’s best-known players, in autumn.

–   Rakuten will host kickoff events around the world in 12 major locations to celebrate the launch of the partnership with key clients, partners and employees and set the stage for activities to come.

–   As the FC Barcelona team travels to the United States in late July for a special tour, Rakuten will also create tailored events and promotions to generate further excitement about this new partnership.

Updates on initiatives will be shared in weeks to come, as Rakuten works with FC Barcelona to delight football fans and Rakuten members around the world.

SOURCE:  Rakuten, Inc.

Rakuten Card launches two special FC Barcelona Credit Cards this Autumn 2017

Cards commemorate partnership between Rakuten, Inc. and FC Barcelona 

https://www.rakuten-card.co.jp/card/design/fcbarcelona/

TOKYO, Japan, 2017-Jul-14 — /EPR Retail News/ — Rakuten Card Co., Ltd. today announced that Rakuten Card will issue two special FC Barcelona Credit Cards from fall 2017 to celebrate the partnership between Rakuten, Inc. and FC Barcelona.

Rakuten, Inc. became FC Barcelona’s Main Global Partner and Official Innovation & Entertainment Partner from Jul. 1. Based on that agreement, Rakuten Card will issue Rakuten Cards that will be the only official credit cards in Japan to employ FC Barcelona designs. Users will be able to choose between two types of card face designs: FC Barcelona Emblem Design, featuring a striped emblem in FC Barcelona’s club colors of blue and deep red; and FC Barcelona Player Design, featuring photos of five of the club’s leading players (*). Applications for the cards will be accepted from fall.

Since being first issued in July 2005, Rakuten Card has grown in popularity thanks to features such as no annual membership fee, a high point reward rate and the ability to utilize the points earned to pay for various Rakuten Group services. The card received the top customer satisfaction score in the credit card category of the FY2016 Japanese Consumer Satisfaction Index (JCSI) Survey for the eighth year in succession.

Rakuten Card will continue striving to further boost customer satisfaction by enhancing its credit card services and features in the future.

Service Overview

■ Name: Rakuten Card (FC Barcelona Player Design),
Rakuten Card (FC Barcelona Emblem Design)

■ Application / issuance date (scheduled): Fall 2017
*Details will be published on Rakuten Card’s website at a later date

■URL: https://www.rakuten-card.co.jp/card/design/fcbarcelona/

■ Details: Point reward rate: 1% or more

[Rakuten Super Point Privileges]
(1) 1 point per 100 yen will be granted when using the Rakuten Card to pay for everyday shopping and public utilities charges.
(2) While the Super Point Up Program is being held, purchases made on Rakuten Ichiba will earn four times the points.

– Annual membership fee: Permanently free
– Brands: Mastercard, JCB
– Family cards: Free
– ETC: 500 yen (excluding tax)
– Insurance: Overseas travel accident insurance: 20 million yen (maximum)

SOURCE: Rakuten, Inc.

LCP: gutter replacement specialist Thaxen Developments opens third unit at The Pensnett Estate, Kingswinford

West Midlands, UK, 2017-Jul-14 — /EPR Retail News/ — A rapidly growing gutter replacement specialist has taken on new premises in the Black Country to cope with demand, leading investment and property management company LCP has announced.

Thaxen Developments, which specialises in replacing concrete guttering with uPVC, has opened another unit at Block C, Bay 1, The Pensnett Estate, Kingswinford. It already operates from two units on LCP’s flagship business estate.

Lucy Hurst, managing director of the company, said: “The company is growing very quickly and in just two years we have gone from three members of staff to more than 30 and at the end of our second year, recorded a turnover of £3 million.

“We are specialists in a niche market, focusing on post-war housing that has concrete-made gutters, and have become market leaders in this sector and work across the country.

“We’ve moved from having just a small office on The Pensnett Estate to now having three units. We were keen to stay on the estate because it is centrally located and is convenient for our staff, so were very pleased when LCP found this additional unit for us because it means we can continue to expand.

“The additional space at The Pensnett Estate will allow us to develop our business further and we’re very excited to start working on this,” added Lucy.

Paula James, industrial lettings manager at LCP, said: “It’s great that a local company is growing and I’m pleased that we’ve been able to accommodate Thaxen Developments as it continues with its expansion plans.”

SOURCE:  LCP Management Ltd

 

Gymboree Corporation to close approximately 350 stores as part of its court-supervised financial restructuring

  • Company to Close Approximately 350 Stores Mainly Across Gymboree and Crazy 8 Brands; Allows Company to Focus Resources on Locations with Greatest Potential and Enhance Profitability
  • Court-Supervised Restructuring Process Proceeding As Planned

San Francisco, 2017-Jul-14 — /EPR Retail News/ — The Gymboree Corporation (the “Company” or “Gymboree”) today announced that, following a comprehensive evaluation of its retail footprint as part of its previously announced court-supervised financial restructuring, the Company intends to close approximately 350 stores, mainly across the Gymboree and Crazy 8 brands. With the right size store base, the Company will be able to focus resources on locations with the greatest potential and improve the profitability of the overall business.

“Today’s announcement represents the next step in the Company’s court-supervised financial restructuring as we work to more strongly position the business for long-term growth and success,” said Daniel Griesemer, President and CEO of Gymboree. “Right-sizing our store footprint is a central part of our efforts to ensure Gymboree emerges from this restructuring process as a stronger and more competitive organization, with greater financial flexibility to invest in our future. Importantly, we will continue to operate a majority of our stores and will continue to deliver quality merchandise and superior service to our customers at our Gymboree, Janie and Jack and Crazy 8 brands. This was a difficult decision to make, but we are confident that it is in the best long-term interest of our Company, our customers and our broader employee base. I am deeply grateful to our team, their exceptional ongoing dedication and their focus on continuing to put our customers at the center of all we do.”

In order to ensure a seamless experience for customers, the Company has partnered with Great American Group and Tiger Group to help manage the closing sales in its Gymboree, Gymboree Outlet and Crazy 8 stores. The closing sales at affected stores are scheduled to begin on Tuesday, July 18, 2017. For those interested in these sales, updated information will be available on the Company’s restructuring website at www.gymboreerestructuring.com.

As announced on June 11, 2017, Gymboree signed a Restructuring Support Agreement with a majority of its Term Loan Lenders, securing critical stakeholder support for a comprehensive financial restructuring and recapitalization that is being facilitated through a voluntary Chapter 11 filing with the United States Bankruptcy Court for the Eastern District of Virginia.

Additional information regarding Gymboree’s financial restructuring including court filings and information about the claims process are available at https://cases.primeclerk.com/gymboree or by calling Gymboree’s claims agent, Prime Clerk, at 844-822-9233 (or 646-486-7945 for international calls) or by sending an email to gymboreeinfo@PrimeClerk.com.

Kirkland & Ellis LLP is serving as the Company’s legal counsel, AlixPartners LLP is serving as its financial advisor, and Lazard is serving as its investment bank.

About The Gymboree Corporation
The Gymboree Corporation’s specialty retail brands offer unique, high-quality products delivered with personalized customer service.  As of April 29, 2017, the Company operated a total of 1,281 retail stores: 582 Gymboree® stores (532 in the United States, 49 in Canada and 1 in Puerto Rico), 172 Gymboree Outlet stores (171 in the United States and 1 in Puerto Rico), 149 Janie and Jack® shops (148 in the United States and 1 in Puerto Rico) and 378 Crazy 8® stores in the United States.  The Company also operates online stores at www.gymboree.comwww.janieandjack.com, and www.crazy8.com.

Forward-Looking Statements

This press release includes forward-looking statements, including the Company’s expectations regarding the development and results of its restructuring process, its liquidity, access to capital and business operations during the pendency of the bankruptcy proceedings.  These forward-looking statements generally can be identified by the use of words such as “anticipate,” “expect,” “plan,” “could,” “may,” “will,” “believe,” “estimate,” “forecast,” “goal,” “project” and other words of similar meaning. Each forward-looking statement contained in this press release is based on assumptions and information available to the Company at the time of this press release.  Forward-looking statements involve risks and uncertainty, including, but not limited to, the risk that the Company’s restructuring may not be consummated in a manner beneficial to the Company and its operations; risks and uncertainties associated with the length of time the Company will operate as a debtor-in-possession, which is not yet known; risks associated with the bankruptcy process and third-party motions in the Chapter 11 proceedings, which may hinder or delay the Company’s ability to consummate its restructuring; the ability of the Company to obtain and maintain normal terms with customers, suppliers and service providers; the Company’s ability to maintain contracts that are critical to its operations during Chapter 11 proceedings; the Company’s financial performance and results; availability of sufficient cash flow to operate the Company, including to fund capital expenditures, during the Chapter 11 proceedings; demand for its products; and the risk factors set forth in the Company’s Transition Report on Form 10-K for the 26 weeks ended July 30, 2016 as filed with the Securities and Exchange Commission on October 28, 2016 and in subsequent reports filed with the SEC. The Company’s actual results could differ materially from those expressed in, or implied by, the forward-looking statements. The Company can give no assurances that any of the events anticipated by the forward-looking statements will occur or, if they do, what impact they will have on the Company’s results of operations and financial condition. The Company cautions investors to carefully consider the risks associated with, and not to place considerable reliance on, the forward-looking statements contained in this press release. The forward-looking statements in this press release speak only as of the date of this document, and the Company undertakes no obligation to revise or update this press release to reflect events or circumstances after the date hereof except as required by law.  All forward-looking statements are qualified in their entirety by this cautionary statement.

Gymboree, Janie and Jack, and Crazy 8 are registered trademarks of The Gymboree Corporation.

The Gymboree Corporation Contacts
Leigh Parrish / Joe Millsap
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449 / (415) 869-3950

Great American Group/Tiger Group
Jen Arnett
Vice President, Marketing
(818) 287-3430
jarnett@brileyco.com

SOURCE:  The Gymboree Corporation

Swiss banks to pilot universal, vendor-neutral software developed by NCR Corporation as part of ATMfutura project

Duluth, MN / Zurich, Switzerland , 2017-Jul-14 — /EPR Retail News/ — As part of SIX Group’s recently announced ATMfutura project, this summer Swiss banks will begin piloting universal, vendor-neutral software developed by NCR Corporation (NYSE: NCR) to improve usability, reduce costs and enable faster updates.

ATMfutura is a unique and innovative project in Europe designed to provide Swiss banks with the same user interface and user guidance on all their ATMs, substantially simplifying their operation. Selected branches in Switzerland will begin piloting the standardized software in the summer of 2017 though the end of the year. Beginning in 2018, the new software platform, based on NCR APTRA Top Client Server (TCS), will be made available for all Swiss ATMs.

“The harmonization of the ATM software is only the first step in the ATMfutura project,” said Juerg Weber, Division CEO Six Payment Services. “In the future we will be able to offer banks in Switzerland a comprehensive offering that enables them to reduce costs and increase usability for customers through standardization, volume purchasing options and optimized processes. A project of this scale required a reliable partner with long term experience, flexibility and know how, like the one we found in NCR.”

The ATMfutura project aims to replace the more than 20 different solutions from various vendors currently used in Swiss banks’ ATMs with one common standard to enable easier, faster and cost efficient software updates and changes and generate economies of scale. Furthermore, bank customers will see improved usability and the introduction of new services, such as mobile cash withdrawals with a QR code on their smartphone, the selection of favorite denominations or a voice-guided experience for visually impaired customers. These kind of services are currently only offered by select banks.

“NCR is the largest provider of multivendor ATM software globally,” explained Paul Thuer, Country Manager NCR Switzerland. “We are proud of the trust that SIX placed in us with this project – the configuration and modernization of existing components for a new, standardized ATM software platform is a complex task that requires a trusting cooperation of both parties. We are confident that this project will have a lighthouse effect on other countries.”

About NCR Corporation
NCR Corporation (NYSE: NCR) is a leader in omni-channel solutions, turning everyday interactions with businesses into exceptional experiences. With its software, hardware, and portfolio of services, NCR enables nearly 700 million transactions daily across retail, financial, travel, hospitality, telecom and technology, and small business. NCR solutions run the everyday transactions that make your life easier.

NCR is headquartered in Duluth, Ga., with over 30,000 employees and does business in 180 countries. NCR is a trademark of NCR Corporation in the United States and other countries.

Web site: www.ncr.com
Twitter: @NCRCorporation
Facebook: www.facebook.com/ncrcorp
LinkedIn: www.linkedin.com/company/ncr-corporation
YouTube: www.youtube.com/user/ncrcorporation

News Media Contacts
Ortrud Wenzel
NCR Public Relations
+49 821 405 8191
ortrud.wenzel@ncr.com

SOURCE: NCR Corporation

Cabela’s combination with Bass Pro Shops approved by Cabela’s shareholders

SIDNEY, Neb., 2017-Jul-14 — /EPR Retail News/ — Cabela’s Incorporated (NYSE: CAB) today announced that its shareholders have approved the previously announced combination of Cabela’s with Bass Pro Shops. The final vote results will be filed on a Form 8-K with the Securities and Exchange Commission. The transaction is expected to close in the third quarter of 2017, subject to regulatory approvals and customary closing conditions.

“We are pleased that our combination with Bass Pro Shops has received the overwhelming support of Cabela’s shareholders,” said Tommy Millner, Cabela’s Chief Executive Officer. “Today’s results are an important milestone as we look forward to completing the merger and creating the premier retailer in outdoor sporting goods, with an unparalleled commitment to customer loyalty and satisfaction.”

About Cabela’s Incorporated

Cabela’s Incorporated, headquartered in Sidney, Nebraska, is a leading specialty omni-channel retailer of hunting, fishing, camping, shooting sports, 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®. Cabela’s 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 is traded on the New York Stock Exchange under the symbol “CAB”.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking statements” that are based on the Company’s beliefs, assumptions, and expectations of future events, taking into account the information currently available to the Company. All statements other than statements of current or historical fact contained in this press release are forward-looking statements. The words “believe,” “may,” “should,” “anticipate,” “estimate,” “expect,” “intend,” “objective,” “seek,” “plan,” “confident,” and similar statements are intended to identify forward-looking statements. Forward-looking statements involve risks and uncertainties that may cause the Company’s actual results, performance, or financial condition to differ materially from the expectations of future results, performance, or financial condition the Company expresses or implies in any forward-looking statements. These risks and uncertainties include, but are not limited to: the satisfaction of the conditions precedent to the consummation of the proposed merger, including, without limitation, the receipt of regulatory approval; unanticipated difficulties or expenditures relating to the proposed merger; legal proceedings, judgments or settlements, including those that may be instituted against the Company, the Company’s board of directors, executive officers and others following the announcement of the proposed merger; disruptions of current plans and operations caused by the announcement and pendency of the proposed merger; potential difficulties in employee retention due to the announcement and pendency of the proposed merger; the response of customers, suppliers, business partners and regulators to the announcement of the proposed merger; the state of the economy and the level of discretionary consumer spending, including changes in consumer preferences, demand for firearms and ammunition, and demographic trends; adverse changes in the capital and credit markets or the availability of capital and credit; the Company’s ability to successfully execute the Company’s omni-channel strategy; increasing competition in the outdoor sporting goods industry and for credit card products and reward programs; the cost of the Company’s products, including increases in fuel prices; the availability of the Company’s products due to political or financial instability in countries where the goods the Company sells are manufactured; supply and delivery shortages or interruptions, and other interruptions or disruptions to the Company’s systems, processes, or controls, caused by system changes or other factors; increased or adverse government regulations, including regulations relating to firearms and ammunition; the Company’s ability to protect the Company’s brand, intellectual property, and reputation; the Company’s ability to prevent cybersecurity breaches and mitigate cybersecurity risks; the outcome of litigation, administrative, and/or regulatory matters (including the ongoing audits by tax authorities and compliance examinations by the Federal Deposit Insurance Corporation); the Company’s ability to manage credit, liquidity, interest rate, operational, legal, regulatory capital, and compliance risks; the Company’s ability to increase credit card receivables while managing credit quality; the Company’s ability to securitize the Company’s credit card receivables at acceptable rates or access the deposits market at acceptable rates; the impact of legislation, regulation, and supervisory regulatory actions in the financial services industry; and other risks, relevant factors, and uncertainties identified in the Company’s filings with the Securities and Exchange Commission (“SEC”) (including the information set forth in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, and in subsequent filings), which filings are available at the SEC’s website at www.sec.gov. Given the risks and uncertainties surrounding forward-looking statements, you should not place undue reliance on these statements. The Company’s forward-looking statements speak only as of the date of this press release. Other than as required by law, the Company undertakes no obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise.

Source: Cabela’s Incorporated

Media:
Cabela’s Incorporated
Corporate Communications, 308-255-1204
Media.Communications@cabelas.com
or
Joele Frank, Wilkinson Brimmer Katcher
Michael Freitag / Scott Bisang, 212-355-4449
Jed Repko / Joe Millsap, 415-869-3950
or
Investors:
Cabela’s Incorporated
Andrew Weingardt, 308-255-7428