Contents. In 1938, Lloyd and Mary Anderson form a co-op in Seattle through which climbers can pool their resources to obtain hard-to-find climbing equipment in Europe. Imagine working at Recreational Equipment, Inc. before you get there. REI is a Washington corporation governed by a board of 13 directors, including the CEO. Members also receive exclusive coupons throughout the year for around 20% off of full-price items. REI sells sporting goods, camping gear, travel equipment, and clothing. [3] REI's annual revenue for 2019 was US$3.12 billion.[1]. Recreational Equipment, Inc. (REI) Employee experience Certification expired August 2020. For other uses, see, "REI Co-op publishes 2019 full-year financial results", "REI Co-op announces record financial results, major expansion of rentals and used gear", "Eddie Bauer looks to mountaineer Jim Whittaker for turnaround help", "American Alpine Club Past President Nick Clinch Passes Away", "One big reason REI can decide to skip Black Friday", "REI's Closing on Black Friday. REI Co-op published its annual stewardship report today, announcing record 2018 financial results and significant progress toward making a positive impact on the outdoor community. [36] REI has been ranked in the top 100 Companies to Work For in the United States by Fortune since 1985, which earned it a place in the Fortune "Hall of Fame". In 1942, Lloyd moved to a new space down the hall from The Mountaineers club rooms on Pike Street. REI operates 165 retail stores in 39 states. Jim Whittaker, the first American to summit Mount Everest (in 1963), was hired as the first full-time employee of REI on July 25, 1955. Board candidates are selected by the REI Board Nomination and Governance Committee. Updated 2/22/2016: Sponsored Links . Whittaker served as CEO during the 1960s[5] and was an early board member with American Alpine Club president Nicholas Clinch. The Andersons imported an Akadem Pickel ice axe from Austria for themselves as part of The Mountaineers Basic Climbing Course, and decided to set up a co-operative to help other outdoor enthusiasts in the club acquire good quality climbing gear at reasonable prices. REI operates 165 retail stores in 39 states. Recreational Equipment, Inc. (REI) was ranked 69 in Fortune’s annual Best Companies to Work For in 2014. Offerings include mountain biking, road biking, kayaking, backpacking, rock climbing, outdoor photography, family hiking, snowshoeing and others. The acquisition brought new tour and rental capabilities in house at REI and signaled a renewed efforts towards diversifying the company's experiential offerings. [11] They continued the initiative through the 2019 holiday season.[12]. It is organized as a consumers' co-operative.REI sells sporting goods, camping gear, travel equipment, and clothing.It also offers services such as outdoor-oriented vacations and courses.. REI operates 154 retail stores in 36 states. [33][34][35], REI employs over 11,000 people, most of them in the stores, many of whom are part-time. Recreational Equipment, Inc., commonly known as REI, is an American retail and outdoor recreation services corporation. [43] REI has pledged to be a climate neutral and zero waste to landfill company in 2020 by focusing on the five areas of its business: green buildings, product stewardship, proper paper usage, reducing waste and energy efficiency. Top-brand gear, clothing—and outdoor adventures! Bitte scrollen Sie nach unten und klicken Sie, um jeden von ihnen zu sehen. REI is the first major retailer to forgo operations on Black Friday. REI continues to sell climbing and backpacking gear. [23], REI has a member owned co-operative headquartered in Kent, Washington. Lloyd and Mary were issued cards No. It also offers services such as outdoor-oriented vacations and courses. REI has diversified its offerings into global adventure vacations through the REI Adventures branch, which began in 1987. Get the latest business insights from Dun & Bradstreet. Recreational Equipment, Inc., commonly known as REI, is an American retail and outdoor recreation services corporation. Members are mailed a ballot, and nominees must garner 50% of returned ballots; members may also vote online. [19], In February 2019, REI acquired Arizona-based adventure tour operator Arizona Outback Adventures. In 1956, Recreational Equipment Cooperative was incorporated. It acquired nearby outdoor gear firm Mountain Safety Research in 1981, which later bought tent-maker Edgeworks and produced tents with the MSR brand. [41] By 2007, REI promises to make its trips through REI Adventures carbon neutral by the purchasing of green power credits "Green Tags". [41] By 2007, REI promises to make its trips through REI Adventures carbon neutral by the purchasing of green power credits "Green Tags". In recent years, REI eliminated the opportunity for petition candidates and has nominated only as many candidates as open positions. [6] When Whittaker climbed Mount Everest, it provided REI with so much free advertising that the following year, 1964, its gross income topped $1mil for the first time.[7]. [20], Sally Jewell joined the board of REI in 1996 and in 2000 was named chief operating officer. It acquired nearby outdoor gear firm Mountain Safety Research in 1981, which later bought tent-maker Edgeworks and produced tents with the MSR brand. Recreational Equipment Inc has 3 total employees across all of its locations and generates $650,000 in sales (USD). A new headquarters campus in the Spring District of Bellevue, Washington, was announced in 2016 and planned to open in 2020. Employees say: “I LOVE that REI closes on Black Friday and pays every single employee to get outside and play that day. REI kept MSR until 2001, when it exited the manufacturing business, selling the operation to Cascade Designs,[8] another successful outdoor gear company in the Seattle area. [4] On June 23, 1938, with the help from Seattle attorney Ed Rombauer, five Mountaineers met at Rombauer's office, and each paid one dollar to join Recreational Equipment Cooperative. Recreational Equipment, Inc. United States C Corporation . The Andersons imported an Akadem Pickel ice axe from Austria for themselves as part of The Mountaineers Basic Climbing Course, and decided to set up a co-operative to help other outdoor enthusiasts in the club acquire good quality climbing gear at reasonable prices. Address: UNVERIFIED. Recreational Equipment, Inc. (REI) was ranked 69 in Fortune’s annual Best Companies to Work For in 2014. Employees say this is a great place to work. The Outdoor School is a series of one-day outings in the local area and in store classes. Recreational Equipment, Inc., which started as small Seattle co-op, now boasts 145 stores in 35 states with flagship locations so expansive customers don’t even have to enter the outdoors to test out the company’s equipment. Arizona Outback Adventures had served as a vendor and operator of REI's adventure travel programs for over 15 years. Encuentre a sus clientes, obtenga información de contacto y detalles acerca 14502 de envíos. Recreational Equipment Inc. localizada en 21318 64th Avenue South, Kent, WA 98032, USA. REI donates annually to conservation groups in the US. In the aftermath of the Stoneman Douglas High School shooting REI joined the 2018 NRA boycott and suspended orders from Vista Outdoor, a maker of outdoor products and rifles. See who else made the list. It is organized as a consumers' co-operative.REI sells sporting goods, camping gear, travel equipment, and clothing.It also offers services such as outdoor-oriented vacations and courses.. REI operates 162 retail stores in 40 states. [42] REI Adventures states that it is the first US travel company to introduce that type of program. Employees receive discounts on merchandise, may be eligible for free or discounted outdoor classes, and also receive a "Yay day" pass, entitling them to spend up to 6 hours outdoors for pay. Recreational Equipment, Inc. Plan: Recreational Equipment, Inc. Retirement and Profit Sharing Plan. Other Gear Companies Need to Follow Suit", "REI closing on Black Friday for 1st time in push to #OptOutside", "REI will not sell anything on Black Friday", "REI buys Boulder-based outdoor adventure trail company", "REI acquires Adventure Projects network of sites", "CrunchBase entry for Adventure Projects Inc", "REI Co-op acquires guided adventures and travel partner Arizona Outback Adventures (AOA) | REI Newsroom", "REI's Sally Jewell wins confirmation as Interior secretary", "Jerry Stritzke Named President and CEO of REI", "Eric Artz tapped as REI's new president and CEO", "REI confirms headquarters move to Bellevue's Spring District", "REI to sell its never-used Bellevue headquarters and shift office work to multiple Seattle-area sites", "2 neighborhoods feel ripples of REI move", "REI Looks To 'Urban Wilds' With Evrgrn Brand Launch", "REI Announces its Exclusive 2011 Novara Bicycle Line -- New Mainline Collection Covers a Continuum of Distances", "2010 Stewardship Report: Employee Pay and Benefits", "REI: #28 on 100 Best Companies to Work For in 2017 | Fortune", articles with unsourced statements%5d%5d%5b%5bCategory:Articles with unsourced statements from June 2020%5d%5d, "Adventure Travel & Active Vacations Worldwide | REI Adventures", 2006 REI Stewardship Report: Sustaining the Natural World, "REI halts orders from Vista Outdoor over its response to Parkland shooting", https://en.wikipedia.org/w/index.php?title=Recreational_Equipment,_Inc.&oldid=991238947, 1938 establishments in Washington (state), Sporting goods retailers of the United States, Articles with unsourced statements from March 2020, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 November 2020, at 01:10. Rei Recreational Equipment Inc located in Dallas, TX 75231 operates in SIC Code 5941 and NAICS Code 451110 [13] It has since expanded by creating MTBProject.com, a website for mountain bike trail maps, HikingProject.com, for hiking trails, PowderProject.com, for backcountry skiing trails, and TrailRunProject.com, for cross-country running trails. It is organized as a consumers' co-operative. This is the future REI (Recreational Equipment Incorporated). [23], REI has a member owned co-operative headquartered in Kent, Washington. History; Non-retail diversification REI kept MSR until 2001, when it exited the manufacturing business, selling the operation to Cascade Designs,[8] another successful outdoor gear company in the Seattle area. View Recreational Equipment (www.recreational.com) location in North Carolina, United States , revenue, industry and description. REI is the nation’s largest outdoor co-op, founded in 1938. It is owned by its members, who each hold a single voting share. Local stores host free clinics on outdoor topics and organize short trips originating from the store to explore local hikes and cycling paths. the financial position of Recreational Equipment, Inc. and its subsidiaries as of December 29, 2018 and December 30, 2017, and the results of their operations and their cash flows for the 52-week periods ended December 29, 2018 and December 30, 2017, in accordance with U.S. generally accepted accounting principles. [4] On June 23, 1938, with the help from Seattle attorney Ed Rombauer, five Mountaineers met at Rombauer's office, and each paid one dollar to join Recreational Equipment Cooperative. In earlier years, board elections were competitive elections, with both board-nominated and self-nominated petition candidates. 88%. [13] It has since expanded by creating MTBProject.com, a website for mountain bike trail maps, HikingProject.com, for hiking trails, PowderProject.com, for backcountry skiing trails, and TrailRunProject.com, for cross-country running trails. Here are a few things you might not … The Outdoor School is a series of one-day outings in the local area and in store classes. Cheryl Scott is Former Vice Chairman at Recreational Equipment Inc. See Cheryl Scott's compensation, career history, education, & memberships. [40], In 2006, REI purchased 11 million kWh of green power, enough to offset 20% of its overall power consumption. Revenue per Employee Comment: Revenue per employee grew on trailing twelve months basis to 482,823 $, above Recreational Products Industry average. REI members are allowed to buy returned/used/damaged goods at significant discounts at the REI Used Gear Sales. That placed REI on the US Environmental Protection Agency's top ten list of retailers in purchases of cleanly-generated electricity. REI has diversified its offerings into global adventure vacations through the REI Adventures branch, which began in 1987. It is … [30] For 2014, its chief executive officer received compensation of approximately $2.71 million per year.[31][32]. Clothing, particularly "sport casual" clothes, also became a greater part of the company's product line. SHARE: Company Overview. RECREATIONAL EQUIPMENT, INC. Notes to Consolidated Financial Statements December 28, 2019 and December 29, 2018 7 (Continued) (1) Basis of Presentation and Summary of Significant Accounting Policies (a) Business Overview Recreational Equipment, Inc. and its subsidiaries (collectively, REI or the Company) operate as a Explore the company profile and learn everything from culture to benefits. Recreational Equipment's annual revenues are over $500 million (see exact revenue data) and has over 1,000 employees. Für alle Bedeutungen von REI klicken Sie bitte auf "Mehr". Recreational Equipment, Inc., commonly known as REI, is an American retail and outdoor recreation services corporation. Offerings include mountain biking, road biking, kayaking, backpacking, rock climbing, outdoor photography, family hiking, snowshoeing and others. Beginning in 2014, with the introduction of the REI Co-Op line of clothing, REI publicly re-emphasized the cooperative aspect of its business model. In common with other retailers, REI stores tend to receive most of their traffic during the weekend. The locations include Flagship stores in Denver, Seattle, Redmond, and Bloomington as well as the Pittsburgh South Side Works store. Jewell remained CEO of REI until she was named United States Secretary of the Interior in April 2013. [9], On Black Friday 2015, REI closed all of its stores, halted the processing of orders on its website, and gave all employees a paid day off. It is owned by its members, who each hold a single voting share. [6] When Whittaker climbed Mount Everest, it provided REI with so much free advertising that the following year, 1964, its gross income topped $1mil for the first time.[7]. Annual Revenue $650,000.00; Employee Count 3; Industries Amusement Concession; Contacts Gregory Powell ; Contact Business. [3] REI's annual revenue for 2019 was US$3.12 billion.[1]. The current locations of the Outdoor School are the San Francisco Bay Area, Sacramento and Reno areas, the Los Angeles area, the San Diego area, Boston and New England area, New York Tri-State area, Philadelphia, Washington D.C./Maryland/Virginia area, Chicago area, Minneapolis area, Denver area, Atlanta area, Portland area, and Puget Sound area. [22] Stritzke resigned in February 2019. Local stores host free clinics on outdoor topics and organize short trips originating from the store to explore local hikes and cycling paths. Recreational Equipment Inc is located at 120 Rhyne Rd in Charlotte and has been in the business of Amusement Concession since 1995. It also receives orders via mail-order catalogs and the internet. Its 2007 giving of $3.7 million represented about 0.28% of its $1.3 billion in gross sales. REI outlets are often positioned as anchor stores in upmarket strip malls. the financial position of Recreational Equipment, Inc. and its subsidiaries as of December 31, 2016 and January 2, 2016, and the results of their operations and their cash flows for the 52-week periods ended December 31, 2016 and January 2, 2016, in accordance with … Find related and similar companies as … In 2006, REI started the Outdoor School in selected markets. [20], Sally Jewell joined the board of REI in 1996 and in 2000 was named chief operating officer. Recreational Equipment Inc. at 21318 64th Avenue South, Kent, WA 98032, USA. The annual dividend is normally equal to 10% of what a member spent at REI on regular-priced merchandise in the prior year. This statistic depicts outdoor recreational equipment sales in the United States in 2012, by activity. Recreational Equipment, Inc. and its subsidiaries (collectively, REI or the Company) operate as a specialty outdoor retail cooperative. Arizona Outback Adventures had served as a vendor and operator of REI's adventure travel programs for over 15 years. It also offers services such as outdoor-oriented vacations and courses. [19], In February 2019, REI acquired Arizona-based adventure tour operator Arizona Outback Adventures. The current app portfolio contains 2 apps. 1 and 2. The profile contains a company overview, key facts, major products and services, SWOT analysis, business description, company history, recent developments, key employees as well as company locations and subsidiaries. Other Gear Companies Need to Follow Suit", "REI closing on Black Friday for 1st time in push to #OptOutside", "REI will not sell anything on Black Friday", "REI buys Boulder-based outdoor adventure trail company", "REI acquires Adventure Projects network of sites", "CrunchBase entry for Adventure Projects Inc", "REI Co-op acquires guided adventures and travel partner Arizona Outback Adventures (AOA) | REI Newsroom", "REI's Sally Jewell wins confirmation as Interior secretary", "Jerry Stritzke Named President and CEO of REI", "Eric Artz tapped as REI's new president and CEO", "REI confirms headquarters move to Bellevue's Spring District", "REI to sell its never-used Bellevue headquarters and shift office work to multiple Seattle-area sites", "2 neighborhoods feel ripples of REI move", "REI Looks To 'Urban Wilds' With Evrgrn Brand Launch", "REI Announces its Exclusive 2011 Novara Bicycle Line -- New Mainline Collection Covers a Continuum of Distances", "2010 Stewardship Report: Employee Pay and Benefits", "REI: #28 on 100 Best Companies to Work For in 2017 | Fortune", articles with unsourced statements%5d%5d%5b%5bCategory:Articles with unsourced statements from June 2020%5d%5d, "Adventure Travel & Active Vacations Worldwide | REI Adventures", 2006 REI Stewardship Report: Sustaining the Natural World, "REI halts orders from Vista Outdoor over its response to Parkland shooting", https://en.wikipedia.org/w/index.php?title=Recreational_Equipment,_Inc.&oldid=991238947, 1938 establishments in Washington (state), Sporting goods retailers of the United States, Articles with unsourced statements from March 2020, Wikipedia articles with WORLDCATID identifiers, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 November 2020, at 01:10. 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