REI grew in 2016 despite "challenging landscape" - sportstextiles: Lea SportsTextiles

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REI grew in 2016 despite "challenging landscape"

16/03/2017
REI grew in 2016 despite "challenging landscape"
Outdoor clothing and equipment co-operative REI announced it achieved revenue of $2.56 billion in 2016, a 5.5% increase on the previous year.

Jerry Stritzke, president and CEO of REI, said the brand had had another goods year despite a “challenging retail landscape”. 

The company also revealed that it had established partnerships with 66 outdoor brands in 2016 to advance product sustainability. It also gave more than 1 million products a “second life” through used gear sales, repair workshops and gear swaps. 

REI has recently opened a new distribution centre in Arizona, which is the first in the US to achieve Net Zero Energy status, which means the energy used by the site is equal to the amount of renewable energy created there. 

Related stories:

Top companies back new Sustainable Textile School 09/08/2017
Lululemon snaps up REI’s chief information officer 24/05/2017
New REI distribution centre will have “free energy” 29/09/2016
REI launches “rebuilt” cycling strategy 21/09/2016
REI announces two new stores 02/02/2016
REI appoints new CFO 18/12/2015
REI makes two vice-president appointments 10/12/2015
REI appoints chief information officer 13/08/2015
REI members to benefit as revenues go through $2 billion 24/03/2015

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