You are here

REI reports record sales of $2.62 billion in 2017

Published April 9, 2018

SEATTLE (BRAIN) — REI on Monday announced it achieved its highest revenues ever in 2017, $2.62 billion. The co-op now has 17 million members.

Advertisement

The co-op said that nearly 70 percent of its profits went right back to the outdoor community in the form of employee retirement, helping fund trail work, member dividends and support for nonprofits.

Also for the first time last year, REI sourced 100 percent of the power for all of its operations from renewable sources.

The sales figure was a 2.55 percent increase over 2016. 

REI also opened four new stores in 2017, in Dillon, Colorado; Winter Park, Florida; Burbank, California and Rochester, New York.

Topics associated with this article: Earnings/Financial Reports

Join the Conversation