REI issues hundreds of millions of dollars in member

Earnings for eligible products purchased in 2023 will be reflected on next year’s reward. The co-op relaunched its membership program last spring in support of its 50-million-member community vision. Among the changes, REI made a commitment to donate $5 to the REI Cooperative Action Fund for every mem…

CouponFollow Extension

$5
OFF

REI Issues Hundreds Of Millions Of Dollars In Member

18 hours from now

rei.com

20%
OFF

REI Issues Hundreds Of Millions Of Dollars In Member Rewards This …

18 hours from now

Mar 9, 2023 · REI Co-op members can now access their annual Co-op Member Reward and special discounts for March – including 20%-off promotion SEATTLE, March 9, 2023 …

wn.com

$311
OFF

Showing Losses And Dropping Execs, REI Could Use A Cold Winter

18 hours from now

Oct 2, 2024 · After a poor financial showing last year in which it lost $311 million, REI has one big goal this year: break even. The Issaquah-based co-op was faring well halfway through 2024, …

seattletimes.com

4%
OFF

Former Nike Exec To Become CEO Of Struggling REI | Fortune

18 hours from now

Jan 22, 2025 · In 2023, REI bled money, losing $311 million, its second year of losses in a row while sales slipped 2.4% to $3.76 billion, hurt by a shrinking outdoor-gear market and REI’s …

fortune.com

FAQs about REI issues hundreds of millions of dollars in member Coupon?

Is Rei a profitable co-op?

Experiences have been a staple of REI for more than 40 years. But that side of the co-op has never been profitable. To keep it afloat, REI has had to use money from the retail side to subsidize Experiences, which loses millions of dollars every year. REI has 25 million members, 8.5 million of whom purchased something from the co-op last year. ...

What is REI Co-op member reward?

REI is a different kind of company. Along with many attributes that make REI a special place, including being a member-owned co-op, and investing in nonprofits dedicated to the outdoors, the Co-op Member Reward is an annual benefit that gives profits back to the source. Last year, REI gave a total $234 million back to its members. ...

What are the benefits of joining REI Co-op?

Members also enjoy an extended return window of one year from purchase (exemptions apply). New members join a growing community that fights for a life outside. With each new membership purchased, the co-op donates $5 to support the REI Cooperative Action Fund. ...

How much money does Rei give back to its members?

Last year, REI gave a total $234 million back to its members. REI Co-op Mastercard holders can earn an additional 5% back in rewards. Members will receive a notice with their reward via mail or email. They can also check their account to view their award, which is redeemable now through Jan. 5, 2025. ...

How long has Rei been in business?

"This has been the core of our business for 86 years—and I believe when we stay focused on what we do best, we can and will succeed." REI, Recreational Equipment Inc., headquartered near Seattle, is the nation’s largest consumer co-op with a community of 24 million members. ...

How many REI Co-op grantees are there?

The vast majority of this year’s 258 grantees stem from the REI Cooperative Action Fund’s Local Grant Program, in which co-op employees across the country recommend nonprofits from their own communities with which to partner. ...