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'Unprofitable': REI shutters Experiences travel business, lays off 428 employees
REI CEO Eric Artz said the outdoor gear retailer would end its Experiences unit, which offered adventure classes and trips, and lay off 428 workers.
REI to lay off over 400 employees in elimination of business division
Any customers who have Experience trips or programs booked will receive a full refund of costs paid to REI. These aren't the first layoffs REI has enacted in recent years. In January 2024, the company laid off over 300 employees. In early 2023, the company also laid off 167 people.
REI shutters experiences business, eliminating hundreds of jobs
More than 400 employees will be let go as part of the decision. CEO Eric Artz said the 40-year-old experiences division was unprofitable.
Why is REI laying off 438 employees? What to know about its Experiences business
"I want to acknowledge and extend my gratitude to the Experiences team for all they have done and accomplished over the 40 years of its existence," REI President and CEO Eric Artz
REI Shutters Experience Division Known for Excursions, Tours, and More after 40 Years
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,
2d
REI Adventures Shuts Down Trips: How To Find Alternative Active Travel
A major active travel company is closing its doors, but there are still a lot of good alternatives for your next hiking or ...
22h
on MSN
REI Co-Op 'Experiences' Division Facing Closure After Years of Programming
REI has been the go-to store for adventurers for decades. The company recently announced that their well-liked 'Experiences' ...
2d
REI cuts staff, eliminates tour and events business
Affected full-time employees will receive their full salary and benefits through March 9. Workers who split time between the ...
3d
Struggling REI cuts hundreds of employees, axes tour and events business
Affected full-time employees will receive their full salary and benefits through March 9. Workers who split time between the ...
22h
Spend $100 at the REI Outlet and get $20 off with this code
REI is a great place for all your outdoor clothing needs. The main is a highlight, but don’t forget its outlet store, which ...
BikeMag on MSN
2d
REI Exits the Adventure Tourism Business
REI Experiences was launched in 1987, then branded as REI Adventures. In 2022 the company rebranded this to REI Experiences, ...
Hosted on MSN
2d
REI cuts 428 jobs, shuts down adventure travel and outdoor education programming
We’ve held out as long as possible, but the fact remains that Experiences is an unprofitable business for the co-op, and we ...
MyNorthwest.com
3d
REI cuts dozens of people, popular programs to cure money woes
REI said it will lay off 180 full-time and 248 part-time employees, including 67 in Washington, and shutter its Experiences ...
5d
on MSN
REI Arc'teryx January Sale 2025: Save up to 30% Off Ski Jackets And Hoodies
It's not often that we see too many Arc'teryx gear go on sale. In other words, take advantage of this opportunity from REI ...
1d
on MSN
REI's Layoffs Sized Up by Outdoor Industry Authorities
REI Co-op's decision to shut down its Experiences business and lay off 428 employees caught many in the outdoor industry off ...
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Experiences
Eric Artz
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