REI’s Sales Slide 12 Percent In 2020
April 14, 2021
REI Co-op reported sales fell 11.9 percent in 2020 as the Co-Op managed through the challenges presented by the pandemic. REI also reported no profits in 2020 but ended the year in a strong cash position and debt-free, after investing millions in its impact work to combat climate change, address racial equity and support its network of nonprofit partners. REI also launched its Cooperative Action initiative.
Sales in the year fell to $2.75 billion from $3.12 billion in 2019. SGB Media