FAQ: Is Rei A Public Company?

Is REI Co-op publicly traded?

One more caveat: REI is a co-op, and the companies on the OBJ Outdoor Index are publicly traded corporations that focus primarily—though not exclusively—on the value returned to shareholders.

What company owns REI?

U.S. Recreational Equipment, Inc., commonly known as REI, is an American retail and outdoor recreation services corporation. It is organized as a consumers’ co-operative. REI sells sporting goods, camping gear, travel equipment, and clothing.

Is REI a for profit company?

In 2019, the company reported $3.1 billion in revenue and $21 million in net income. Once REI reopened and demand for all things outdoor soared, many new customers discovered the retailer.

Is REI a 501c3?

The REI Foundation is a separate 501c3 organization. REI Co-op grants are considered corporate giving and are supported from company profits from the previous year.

Can I buy REI stock?

One share of REI stock can currently be purchased for approximately $1.84.

Where do REI profits go?

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.

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Is REI Made in USA?

REI currently lists nearly 4,000 products on their website identified as being made in the USA (though if you eliminate books, maps, food, luggage, and “gift” knick-knacks and greeting cards, the number is closer to 2,000).

Who are REI competitors?

REI competitors include The North Face, Patagonia, DICK’S Sporting Goods, Big 5 Sporting Goods Corporation and Matador Resources Company.

Is REI expensive?

The REI membership fee of $20 is good for a lifetime membership. So the more years that you have an REI membership, the less it actually ends up costing. If you are buying gear over $200, it pays for itself immediately. I’m getting a few hundred bucks back every year with my REI Membership.

How much money did REI make in 2020?

Recreational Equipment Inc. co-op reported $2.75 billion in revenue in 2020, with no profits recorded during the pandemic.

What is REI business strategy?

REI steps up sustainability with online used gear sales and rentals. That value paired with that trend results in a vast expansion of REI’s (even more) sustainable online and in-store offerings: used products and rentals. The value-based strategy is also a smart business move.

How much does the CEO of REI make?

REI’s chief executive earns $3.15M for 2016.

What non profits does REI support?

Support for the organizations that develop, preserve and promote and sustain National Scenic Trails. Funds this year will support the Appalachian Trail Conservancy, Pacific Crest Trail Association, Continental Divide Trail Coalition and the North Country Trail Association.

What Nonprofits does REI donate to?

REI will donate up to $1 million to the National Forest Foundation in 2019 in continuation of a commitment that began in 2017 and bringing the co-op’s total investment in the NFF to nearly $3.5 million.

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Does REI have a foundation?

The REI Foundation was founded and supported by REI (Recreational Equipment, Inc.) in 1993. The Foundation’s mission is to help ensure that tomorrow’s outdoor enthusiasts and conservation stewards reflect the diversity of America. The REI Foundation is a 501(c)3 nonprofit organization.

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