REI Co-op Shutters Its Experiences 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.
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 Co-op Shutters Its Experiences Business After Nearly 40 Years, Lays Off 428 Employees
After nearly 40 years, REI Co-op is shuttering its Experiences business, effective this week. Biden blocked US Steel's $14 billion sale to Japanese giant Nippon Steel, creating new uncertainty for an iconic American steelmaker. With this move, 428 employees — including 180 people in full-time roles and 248 part-time guides — will be laid off.
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 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.
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 stores and the events, classes and tours business — known collectively at REI as Experiences — may be able to stay with the company, depending on the store. REI has more than 16,000 employees.
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,
REI Lays Off 438 Employees, Shuts Down Experiences Division
More than 400 employees will lose their jobs as REI closes its Experiences program, ending the adventure travel and outdoor education programs that have been part of the retailer’s identity for 40 years.
REI closes tours and events division amid latest round of layoffs
The latest cuts mark the fourth round of layoffs for REI since October 2023, as the business struggles to return to profitability. Previous layoffs affected corporate employees and some retail positions,
REI to lay off over 400 employees in elimination of business division
The company says the move is necessary to get REI closer to "sustainable, profitable growth."
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