REI reports another year of losses, pledges ... - The Seattle Times
WEBApr 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 Newsroom | REI Co-op
WEBREI Newsroom - the official site for press releases, photos, video, audio, pr contact information, press kits and more.
Showing losses and dropping execs, REI could use a cold winter
WEB6 days ago · Seattle Times business reporter. 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 ...
REI Co-op to open 10 stores in 2024 to better serve outdoor …
WEBJan 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, …
REI Co-op releases 2023 Impact Report and financials, reporting …
WEBSEATTLE, 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.
Seattle-founded REI struggles to adapt to changing retail. What’s …
WEBMay 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 has hemorrhaged money for two years in a row. Now …
WEBAug 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...
REI workers face protracted union fight : NPR
WEBJul 5, 2023 · REI, the shopping mecca for outdoor enthusiasts, has a reputation as a progressive brand, but the company has balked at recognizing its newly unionized workers, leaving some staff disenchanted....
REI Invests $270 Million To The Global Community Despite Sales …
WEBMay 1, 2024 · REI Co-op has given nearly $270 million back to the co-op community including investments in its employees, nonprofit partners, the planet, and society as a whole.
REI Lays Off More than 300 Employees as It Warns About Rocky …
WEBJan 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...