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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...
All Newsroom Articles - REI Co-op
WEBAs the largest consumer cooperative in the country, outdoor specialty retailer REI Co-op is a diverse community of 24 million members who love to spend time outside. REI’s Member Days, happening now through September 16, offer added extra value on top of always-on benefits. Sep 6, 2024.
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.
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...
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 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 sales are slumping, and employees are on edge. Can the
WEBAug 19, 2024 · After a pandemic-era boom, REI has lost money and laid off staff, and its famous 'Green Vest' store workers are up in arms. It's a tough dilemma for CEO Eric Artz.
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 Workers Say Union Effort Has Led To More PIPs - HuffPost
WEBMay 15, 2024 · REI denies it’s trying to snuff out a labor campaign that has organized 10 of its 181 stores over the past two years. But the Washington-based retailer declined to share any data that would show whether or not PIPs have increased amid the union campaign, or at stores where union organizing has taken hold. “Our approach to performance ...