REI news and archive

Q1 of 2024 marked by series of job cuts

The first quarter of the year has outlined the tough reality of the current market, with last year’s challenging financial period leaving many companies with no option but to initiate strategic reviews. And, as part of this process, inevitably the question of jobs comes into play, with roles, departments and geographies coming under the...

Retail

REI Co-op plans 10 store openings in 2024

Outerwear retailer REI Co-op has said that it is planning to open 10 stores throughout 2024, with each location to offer a wide selection of product categories, including gear for camping, running and fitness. Among the already confirmed locations which will see store openings in spring are Beavercreek and Beaverton in Ohio, while further areas...

Retail

REI Co-op to open Re/Supply store for used apparel

Outdoor retailer REI Co-op is preparing to open a store dedicated to pre-used gear and apparel in late August 2023 in Clackamas, Oregon. Dubbed Re/Supply, the 16,113 square foot space will sit a few doors down from the company’s existing store which has been in the town centre since 2007, and will further add to the eight REI stores already...

Fashion |Report Featured

Trove releases inaugural Brand Resale Index

Trove, which provides resale and trade-in services for fashion brands, has launched its inaugural Brand Resale Index evaluating resale adoption and trends across 40 brands spanning fashion/apparel, outdoor, footwear, and luxury. The Index, conducted in partnership with OSF Digital, has assessed brands on 147 different criteria across brand...

Business

REI Co-op appoints Patrick Fell as VP, financial planning and analysis

Outdoor retailer REI Co-op has announced the appointment of Patrick Fell as vice president, financial planning and analysis, effective November 7. Fell has been tasked with leading strategic financial strategies across the company, including driving efficiency in its annual planning and forecasting processes. In a release, REI Co-op’s executive...

Business

REI Co-op adds two new appointments to senior leadership team

Outdoor specialist REI Co-op has announced two new additions to its senior leadership team, including the company’s first senior vice president, chief supply chain officer. The newly created role will be taken on by Slyvia Wilks, who will be joining the company from TireHub and brings over 25 years of experience in the retail and consumer...

RetailFeatured

Why workers at an REI store voted to join a union

Workers at the New York City flagship of Recreational Equipment, Inc. (REI) voted to join the Retail, Wholesale and Department Store Union (RWDSU), which will now be the first union at any store for the outdoor gear retailer. The vote, which took place in-person at the SoHo location on March 2 was an overwhelming win for the union with...

RetailFeatured

How the pandemic brought an REI store to a union vote

Recreational Equipment, Inc. (REI), the Seattle-based retail chain for outdoor gear and apparel, may have their first unionized store this week as over one hundred employees at the New York City flagship are set to vote this Wednesday, March 2 on whether or not they will join the Retail, Wholesale and Department Store Union (RWDSU). The SoHo...

Business

Rei Co-op launches 30 million dollar initiative to invest in founders of colour

Outerwear retailer Rei Co-op has launched its Path Ahead Ventures initiative, with plans to invest 30 million dollars in 300 founders of colour to assist in the start and growth of their businesses within the outdoor industry. The initiative will see the brand partner with Black, Indigenous, Latinx and Asian American Pacific Islander...

RetailFeatured

3 brands ditching discounts and doing their own thing on Black Friday

Joining Black Friday, the American discounting frenzy that is slowly taking over other countries, may seem like a win-win situation. By offering generous discounts, retailers can attract new customers and increase earnings by selling larger quantities than usual, right? Well, not so much. While some retailers earn more during Thanksgiving...