Money losses at REI

 See the October 2, 2024 article by Alex Halverson in the Seattle Times. 

According to the research I did the last profitable year was 2021: + 97 million

2022: -164,7 million

2023: - 311 million

2024: - 156,4 million

A very interesting conversation on Reddit (once again) about The financial health of REI: 2025 and forward. 9 months ago (july/august 2025?)

Comments

Post a Comment

Popular posts from this blog

How the REI-Union made a deal with the REI Board of Directors to stop getting involved in the 2026 election!! and left thousands members in the cold :(

Image
  The answer is posted on the REI-Union Facebook page  published on December 26, reproduced below. What a shame :( Same message posted on instagram,   twitter , but not on their main site. Apparently not posted on tiktok . abd REI-Union answer is Yeah, shame on you. Can you give us the details of the "agreement we reached with REI in september" and you kept secret? What did you get in exchange of this betrayal of all the members who trusted you were into making the board accountable? Who were the Union reps who agreed to such a deal? Shame on you, whomever you are. Progressive members of the Coop you have misled by leaving them in the dark now have 26 days, until February first to show the oligarchic REI board of directors they will again be defeated and then insist that the bylaws that installed this completely corrupted system be abolished. Interestingly they posted the info on their socials but not on their website, only glorifying with the same arcane language the "...
Read more

REI Coop the truth is in reddit: the board amended the bylaws to its advantage after the withhold campaign

  But for this discussion on reddit I found by chance I would have missed that after its defeat at the 2025 election the Board amended the bylaws to give itself the power to coopt new directors for the vacant seats for a whole 3 years period while before it was just for one year, ie they have had to resubmit those seats for an election confirmation. No more. Basically with this preemptive strike they could keep coopting themselves for ever ! Faced with a defeat of their candidates they immediately reacted with this plot to amend the bylaws to confort their oligarchy. Amazing. And nobody seems to mention it but for this small forum on reddit.
Read more