Bass Pro Shops is an American outdoor sporting goods retailer with over 170 stores in the United States and Canada. The company was founded in 1972 by Johnny Morris in Springfield, Missouri.
Bass Pro Shops has a long history of expansion in the real estate sector. The company's first store was a small bait and tackle shop in Springfield. Over the years, Bass Pro Shops has expanded to larger and larger stores and has also expanded into new markets.
One of the most significant milestones in Bass Pro Shops' real estate expansion was the opening of the Pyramid in Memphis, Tennessee, in 2008. The Pyramid is a former pyramid-shaped arena that was converted into a Bass Pro Shops store. The store is the largest Bass Pro Shops store in the world and has become a popular tourist destination.
Bass Pro Shops acquired Cabela's, another major outdoor retailer, in 2017. The acquisition gave Bass Pro Shops a significant presence in new markets, including the Midwest and the West Coast.
Bass Pro Shops continues to expand its real estate footprint. The company has plans to open new stores in the United States and Canada, and it is also considering expanding into new markets, such as Mexico and Europe.
Bass Pro Shops' real estate expansion has been a major factor in the company's success. The company's stores are in high-traffic areas, offering various products and services that appeal to outdoor enthusiasts. Bass Pro Shops' stores have also become popular tourist destinations, which has helped to drive traffic and sales.
Here are some of the critical factors that have contributed to Bass Pro Shops' success in the real estate sector:
- Strategic location: Bass Pro Shops has a team of real estate experts who identify and acquire prime locations for the company's stores. These locations are typically in high-traffic areas, such as near major highways or popular tourist destinations.
- Large store footprint: Bass Pro Shops stores are typically large, allowing the company to offer various products and services. The company's stores also have ample parking areas, essential for attracting customers driving to the store.
- Amenities: Bass Pro Shops stores often have a variety of amenities, such as restaurants, aquariums, and shooting ranges. These amenities help to make the stores more attractive to customers and to differentiate them from other retailers.
- Marketing and branding: Bass Pro Shops has a strong marketing and branding campaign that helps promote the company's stores and products. The company's stores are often featured in television commercials and print ads, and the company also sponsors various sporting events and conservation organizations.
Bass Pro Shops is a major player in the outdoor retail industry. The company's stores are located in high-traffic areas, offer various products/services, and have a strong marketing and branding campaign. These factors have helped Bass Pro Shops to become one of the most popular outdoor retailers in the United States.
In terms of future expansion plans, Bass Pro Shops has said that it plans to open new stores in the United States and Canada, and it is also considering expanding into new markets, such as Mexico and Europe. The company has also said that it plans to continue investing in its existing stores by adding new amenities and expanding its product offerings.
Bass Pro Shops' real estate expansion is likely to continue in the future. The company is well-positioned for growth, as the outdoor retail industry is expected to grow in the coming years. Bass Pro Shops' strong brand and its focus on customer service will likely continue attracting customers, and the company's real estate expansion will help it reach new markets and grow its business.