REI reports another year of losses, pledges ... - The Seattle Times
Apr 30, 2024 · REI said Tuesday it lost $311 million in 2023 — a tumultuous year that included layoffs and operations restructuring at the Seattle-founded outdoor equipment retailer. Revenues were $3.76...
REI Co-op to open 10 stores in 2024 to better serve outdoor …
Jan 10, 2024 · Specialty outdoor retailer REI Co-op announced expansion plans to open 10 new stores in 2024 to better serve its members and outdoor community. Locations have been finalized for summer 2024 openings in Glendale, Arizona and Rancho Mirage, California.
REI has hemorrhaged money for two years in a row. Now …
Aug 19, 2024 · REI bled money last year, losing $311 million, its second year of losses in a row. Sales, meanwhile, slipped 2.4% to $3.76 billion, hurt by a shrinking outdoors-gear market and REI’s own ...
Showing losses and dropping execs, REI could use a cold winter
Oct 2, 2024 · After a poor financial showing last year in which it lost $311 million, REI has one big goal this year: break even. The Issaquah-based co-op was faring well halfway through 2024, according to an...
REI Co-op releases 2023 Impact Report and financials, reporting …
SEATTLE, April 30, 2024 – REI Co-op today released its 2023 Impact Report and financial results, closing the year with $3.76 billion in net sales and nearly $270 million invested back into the co-op community.
REI Releases 2022 Impact Report and Financials, Distributes ... - REI …
REI today released its 2022 Impact Report and financials results, closing the year with a record $3.85 billion in sales. The co-op ended the year with a strong liquidity and working capital position and continued to invest in its mission of investing in its members, employees, and the outdoors.
As retailer REI’s troubles with employees continue, consumers …
Dec 7, 2023 · Once known as the beacon of corporate America, REI is now embroiled in face-offs with employees, putting off consumers. The REI store in New York City was the first to unionise and employees...
Seattle-founded REI struggles to adapt to changing retail. What’s …
May 3, 2024 · REI recently closed its Portland store, citing break-ins and theft as the cause. Despite recent struggles, REI plans to open 10 stores this year, and up to 12 more in 2025.
REI Lays Off More than 300 Employees as It Warns About Rocky …
Jan 26, 2024 · REI is the latest company to announce significant workforce reductions this year. CEO Eric Artz notified employees in a Jan. 25 letter that the outdoor retailer would lay off 357 people across...
REI accused of widespread labor law violations at unionized US …
Nov 15, 2023 · REI, the camping and outdoor sports equipment retailer, was accused on Wednesday of dozens of violations of U.S. labor law at eight retail stores that have unionized since last year.
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