REI Co-op publishes 2019 full-year financial results
Outdoor retailer saw a record $3.12 billion in sales in 2019
Apr 27, 2020
SEATTLE – Today, Seattle-based REI Co-op reported a record $3.12 billion in 2019 sales and more than 8% growth in both its digital and in-store offerings. In addition, brick and mortar continues to play a significant role in REI’s growth. In 2019, REI saw 3.5% comparable growth in store traffic and added eight new stores.
Each year, REI returns about 70% of its profits back to the outdoor community, supporting employee retirement, helping fund trail work, returning dividends to members and supporting nonprofits that help get people outside.
In 2019, this allowed REI to:
- Invest $8.1 million into 467 nonprofits, stewarding more than 6,000 outdoor places and more than 9,000 miles of trails.
- Give $78.5 million to employees through profit-sharing and retirement.
- Return $210.8 million to members through dividends and credit card rewards.
Full audited financials for 2019 are available here.