REI ends adventure travel business

'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 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 cycling vacation.
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 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.
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, stating that it hoped that the new name would be less intimidating and encourage growth. It discontinued tours outside the United States in early 2020, citing costs even before the pandemic.
REI exits 'Experiences' businesses, laying off hundreds of employees
REI announced the closure of its Experiences division, affecting over 400 employees, as it shifts focus to core business areas.
REI ends adventure travel business after losses
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 employees.
After 40 Years, REI Ends ‘Experiences’ Adventure Travel & Day Tours Business
REI confirmed it has ended its Experiences business to refocus on retail instead of classes and guided trips. The post After 40 Years, REI Ends ‘Experiences’ Adventure Travel & Day Tours Business appeared first on GearJunkie.
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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 ...
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 ...
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 ...
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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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