US EditionREI Adventures Shuts Down Trips: How To Find Alternative Active Travel
- REI has announced the shutdown of its Experiences division, which will affect 180 full-time employees and 248 part-time guides, as stated by CEO Eric Artz.
- Customers with booked trips will receive full refunds, with updates provided on the REI Experiences online landing page, as mentioned in the company's release.
- The decision to exit the Experiences business was made after a thorough review, with Artz indicating it costs significantly more to run than it generates, leading to losses.
- The United Food and Commercial Workers International Union criticized the layoffs, stating that REI is prioritizing profits over employees, according to Joe Mizrahi.
15 Articles
15 Articles
Travel + Leisure
WDC TV NewsREI Shutters Experience Division Known for Excursions, Tours, and More after 40 Years
Customers who had future experiences booked will receive a refund. Cavan Images/Getty Images A group hikes together through the woods in Oregon It’s the end of an era for a popular outdoor tourism service.REI Co-op, the beloved outdoor retailer, announced Wednesday that it would be closing its Experiences division. Known for providing classes, selling group travel excursions, and operating various tours for 40 years, Experiences was utilized by …
REI cuts staff, closes Experiences division
Issaquah-based co-op REI is making major changes to try to stabilize the company’s finances. The company will be close to just breaking even this year after losing $311 million in 2023. It saw financial growth in December. “The reality is a thriving co-op requires a sustainable economic model that is capable of investing at the appropriate level to fully fund our most critical strategic ambitions,” CEO Eric Artz said in a note posted on the comp…
REI Co-op Shutters Its Experiences Business After Nearly 40 Years, Lays Off 428 Employees
After nearly 40 years, REI Co-op is shuttering its Experiences business, effective this week. With this move, 428 employees — including 180 people in full-time roles and 248 part-time guides — will be laid off. The outdoor specialty retailer informed its employees of the decision today. “We have gone through many iterations and have explored multiple options to keep this business up and running to preserve jobs. We’ve held out as long as possi…
Coverage Details
Bias Distribution
- 73% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
