Rei adventures closing. The closure will impact 428 jobs.

Rei adventures closing Artz said that the Experiences business served only 40,000 customers in 2024, less than 0. then branded as REI Adventures Jan 8, 2025 · Today, we delve into REI’s unexpected decision to close its adventure travel division after 40 years. And 2023 was the second year in a row that the company reported large losses. Join us as we unpack the implications for REI’s community and the industry at large. As a result, the Seattle-based outdoor gear retailer will lay off 428 employees Jan 28, 2025 · Earlier this month, REI Co-op announced it was ending its entire Experiences business, which included adventure travel alongside classes and day tours. has had a travel division called REI Adventures Jan 10, 2025 · fter almost 40 years of offering adventure travel, day tours, and classes, REI Co-op is shutting down its Experiences business. 4% of all co-op customers, and was unprofitable. The company cited economic reasons for the closure, noting that the Experiences brand, which has operated for over Jan 8, 2025 · Outdoor retailer REI announced Tuesday that it is closing its Experiences division, including its cycling tours, bike vacations, learn-to-ride programming and mechanics workshops. On Wednesday, January 8 REI Co-op announced the exit of its Experiences business, which includes adventure travel, day tours and classes. Eric Artz, REI’s CEO, explained that while the Experiences division had been a part of the co-op’s offerings since 1987, it Jan 8, 2025 · In 2023, REI reported a net loss of $311 million as well as a 2. In total, 180 full-time employees and 248 Jan 10, 2025 · REI announced this week it will close its "Experiences" business, eliminating hundreds of jobs. The closure will impact 428 jobs. We have made the decision to close REI Adventures so that the co-op can focus on its core retail business. Established to offer adventure travel, day tours, and educational classes, REI’s Experiences division provided outdoor enthusiasts with guided trips and learning opportunities. Seattle-based REI announced on Wednesday it was closing the company’s Experiences division and eliminating the jobs of 438 employees. Team, I have an important update to share today. These experiences ranged from local day outings to extensive adventure travel, catering to both novices and seasoned adventurers. Jan 9, 2025 · A major active travel company is closing its doors, but there are still a lot of good alternatives for your next hiking or cycling vacation. This move Jan 8, 2025 · The closing of REI's adventure travel business will impact 428 jobs and 10 cycling experiences. With the recent announcement of REI Co-op shutting down its Adventures branch after 40 years, many o Grand Canyon 2025 Availability Jan 8, 2025 · REI Co-op announced Wednesday it will discontinue its Experiences business, which includes adventure travel, day tours, and classes, according to a message from REI President and CEO Eric Artz to Jan 8, 2025 · SEATTLE — Seattle-based REI announced on Wednesday it was closing the company’s Experiences division and eliminating the jobs of 438 employees. The Seattle-based outdoor adventure and apparel cooperative announced to its employees on Wednesday Jan 8, 2025 · REI exits Experiences business. 4 percent drop in revenue, sparking concerns amongst new employees that their future with the brand might be cut short. For those who entrusted us with your travel plans for 2025 and 2026, we will be in touch directly via email. As a result, hundreds of full-time employees Jan 9, 2025 · REI Co-op is closing its travel business, REI Experiences, effective this week. We’ll explore the layoffs, the financial struggles, and what this means for the future of outdoor retail. REI Adventures is Closing: Find Alternative Experiences for Your Cancelled Trip. The division, which included adventure travel, day tours Jan 8, 2025 · The outdoor retailer REI announced today that it was exiting its “Experiences” business, ending all adventure travel trips, day tours, and classes. Our final trips will run through mid-January as we begin shutting down operations. Jan 8, 2025. . See below for a message from REI’s president and CEO Eric Artz that was shared with all co-op’s employees. The division, which included adventure travel /Rant Just because REI can doesn’t mean they will. Jan 8, 2025 · Preliminary financial results for 2024 indicate that REI will be close to breakeven for both Pre-Dividend Operating Income and Free Cash Flow, marking an improvement over 2023. They most likely aren’t making a profit with international travel right now, and they see the growth with domestic trips because of how much covid has brought people to the outdoors, so they’re just going to exploit that side of the travel industry and cut off Jan 16, 2025 · REI’s Experiences division. Jan 10, 2025 · REI is closing its Experiences business, which includes adventure travel, day trips, classes and other events. Layoffs will impact 180 full-time and 248 part-time employees, while some workers who split time between . The move, announced on January 8, 2025, will result in the layoff of 428 employees, including 180 full-time staff and 248 part-time guides. They do everything they can to maximize profits and minimize losses. Jan 9, 2025 · The experiences division includes REI’s adventure travel, day tours and classes. vcjn mlguux xhjdck llwu agso ddhy jde mtekiyff zmwt cixk