REI Co-op announces lineup of new store openings in 2025 and …
Oct 18, 2024 · Each new REI store will offer a wide assortment of apparel and gear for camping, hiking, cycling, run and fitness, climbing, and more. In addition, every store will feature a full …
REI has hemorrhaged money for two years in a row. Now …
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 …
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. …
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REI Co-op announces lineup of new store openings in 2025 and an early peek at 2026. Specialty outdoor retailer REI Co-op today announced its lineup of 2025 store openings as part of the …
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 …
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 …
REI changes policy to stop serial returners | Retail Dive
5 days ago · However, REI also incurred a $311 million net loss last year due to investments in hourly employee pay; its commitment to providing member rewards; and a $169 million …
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.
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, …