Retail Dive reposted this
Three REI stores are closing next year as the outdoors co-op continues to take action to return itself to sales growth and profitability. The locations in question: SoHo, Boston and Paramus, New Jersey. Meanwhile, the retailer opened 10 stores last year and had plans to open another six this year and at least two in 2026. REI has been through a tumultuous period in recent years, filled with layoffs and sales declines. In its most recent fiscal year, sales fell 6.2% and net loss clocked in at $156.4 million. https://lnkd.in/eJfFQvNY