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Showing losses and dropping execs, REI could use a cold winter
WEB3 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, …
All Newsroom Articles - REI Co-op
WEBOutdoor retailer REI Co-op will again close its more than 190 locations—stores, distribution centers, adventure centers, call centers, and headquarters—on Thanksgiving and Black Friday and pay its 15,000 employees to Opt Outside. Since 2015, REI has shut its doors on the busiest shopping day of the… Oct 2, 2024
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...
As retailer REI’s troubles with employees continue, consumers …
WEBDec 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...
REI Co-op announces new Chief People Officer; two leadership …
WEBSEATTLE, March 16, 2023 /PRNewswire/ -- REI Co-op announced today that it has hired Apple Musni as its new Chief People Officer and promoted two leaders to new positions. Musni joins the co-op...
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 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.