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Let the bidding begin
Two private equity firms have thrown their hats in the arena to buy Cabela’s. The firms, New York-based Apax Partners and San Francisco-based TPG Capital, are each meeting Cabela’s management as part of an auction for the 82-store chain, the New York Post reported. Bass Pro Shops is also interested in Cabela’s, and has partnered with Goldman Sachs Group’s private equity arm to make an offer for its rival, according to Reuters. -
Second quarter promising so far for Havertys
The second quarter of fiscal 2016 is not yet over for home furnishings retailer Havertys, but shareholders may have reason to be optimistic. Havertys reported that sales for the quarter to date are up approximately 3.6% from the same period last year and comparable store sales are up 3.2%. Total written sales for the quarter to date are up approximately 7%, and written comparable store sales rose 6.7%.