https://en.wikipedia.org/wiki/Berkshire_Hathaway, https://en.wikipedia.org/wiki/Nationwide_Mutual_Insurance_Company, … During the first year, Recreational Equipment was nothing more than a shelf at the Puget Sound Cooperative Store, a farmer's co-op near Pike Place Market in Seattle. It is owned by its members, who each hold a single voting share. Each active member is entitled to vote for members of the company's board of directors and is eligible to receive a patronage dividend on qualifying purchases.[28]. For other uses, see, "REI Co-op publishes 2019 full-year financial results", "REI Co-op announces record financial results, major expansion of rentals and used gear", "Eddie Bauer looks to mountaineer Jim Whittaker for turnaround help", "American Alpine Club Past President Nick Clinch Passes Away", "One big reason REI can decide to skip Black Friday", "REI's Closing on Black Friday. [29] The dividend, which becomes unredeemable on December 31 two years from the date of issue, can be used as credit for further purchases or taken as cash or check between July 1 and December 31 of the year that the dividend is valid. [23], REI has a member owned co-operative headquartered in Kent, Washington. Its 2007 giving of $3.7 million represented about 0.28% of its $1.3 billion in gross sales. It also receives orders via mail-order catalogs and the internet. It acquired nearby outdoor gear firm Mountain Safety Research in 1981, which later bought tent-maker Edgeworks and produced tents with the MSR brand. Browse 1,431,542 recreational equipment stock photos and images available, or search for sunglasses or seniors sports & recreation to find more great stock photos and pictures. Recreational Equipment, Inc… Other benefits of REI membership include discounts on rentals, deals on shipping charges, REI adventure trips, and shop services, as well as rock wall access at locations that feature indoor climbing walls. [20], Sally Jewell joined the board of REI in 1996 and in 2000 was named chief operating officer. [27] It has distribution centers in Sumner, Washington; Bedford, Pennsylvania; and Goodyear, Arizona. REI members are allowed to buy returned/used/damaged goods at significant discounts at the REI Used Gear Sales. REI-Recreational Equipment Inc Rei -Recreational Equipment Inc was founded in 2011. REI has diversified its offerings into global adventure vacations through the REI Adventures branch, which began in 1987. Find 9 listings related to Recreational Equipment Inc in Indianapolis on YP.com. [11] They continued the initiative through the 2019 holiday season.[12]. Learn more, Multiple options. REI Co-op jackets, packs, clothing and more. [41] By 2007, REI promises to make its trips through REI Adventures carbon neutral by the purchasing of green power credits "Green Tags". Get the inside scoop on jobs, salaries, top office locations, and CEO insights. At Recreational Equipment, Inc. (REI) we believe a life outdoors is a life well-lived. While the board serves at the members' pleasure, there is no path to board membership without the approval of the Board Nomination and Governance Committee. In common with other retailers, REI stores tend to receive most of their traffic during the weekend. Intraday data delayed per exchange requirements. Copyright © 2004-2015 Recreational Equipment, Inc. Jewell remained CEO of REI until she was named United States Secretary of the Interior in April 2013. Recreational Equipment, Inc. (REI) was ranked 69 in Fortune’s annual Best Companies to Work For in 2014. REI continues to sell climbing and backpacking gear. The report covers the company's structure, operation, … Learn more, Here's how REI is responding to COVID-19. [3] REI's annual revenue for 2019 was US$3.12 billion.[1]. REI kept MSR until 2001, when it exited the manufacturing business, selling the operation to Cascade Designs,[8] another successful outdoor gear company in the Seattle area. Business Details Location of This Business 710 S Rampart Blvd STE 1, Las Vegas, NV 89145-5803 This plan is in the top 15% of plans for Total Plan Cost. REI is a key sponsor of The Access Fund, a non-profit organization committed to keeping America's climbing areas open by education, environmental protection, and advocacy. Latest News about Recreational Equipment Inc/ Recent news which mentions Recreational Equipment Inc/ REI’s second Black Friday stunt proves a good move for the co-op again. Find information about retirement plans, insurance benefits, paid time off, reviews, and more. Handpicked deals at REI Outlet through December 24. [9], On Black Friday 2015, REI closed all of its stores, halted the processing of orders on its website, and gave all employees a paid day off. Recreational Equipment, Inc., commonly known as REI, is an American retail and outdoor recreation services corporation. Here's why. - NYSE: DECK 6/19/2013 53.18 6/19/2018 120.45 +126.5% *GoPro Inc. - NASDAQ: GPRO 6/23/2014 28.65 6/19/2018 6.27 -78.1% *Vista Outdoor Inc… In the aftermath of the Stoneman Douglas High School shooting REI joined the 2018 NRA boycott and suspended orders from Vista Outdoor, a maker of outdoor products and rifles. At REI, we believe that a life outdoors is a life well lived. See reviews, photos, directions, phone numbers and more for Recreational Equipment Inc locations in Oxnard, CA. REI is a consumer cooperative and reports its financial results to members each year to coincide with the annual distribution of profits, including the member dividend. [citation needed] REI Adventures offers vacations for active travelers all over the world. Members are mailed a ballot, and nominees must garner 50% of returned ballots; members may also vote online. [33][34][35], REI employs over 11,000 people, most of them in the stores, many of whom are part-time. We've been sharing our passion for the outdoors since 1938.Read our story, Join the REI Co-op community to get an annual dividend, access exclusives and give back. 1 and 2. Local stores host free clinics on outdoor topics and organize short trips originating from the store to explore local hikes and cycling paths. Compare pay for popular roles and read about the team’s work-life balance. Company profile page for Recreational Equipment Inc including stock price, company news, press releases, executives, board members, and contact information Find out what works well at Recreational Equipment Inc from the people who know best. This plan has a BrightScope Rating of 63. Eric Artz, previously COO of the company, was named CEO and president of REI in May 2019. Find their customers, contact information, and details on 14441 shipments. Recreational Equipment Inc. (REI) employee benefits and perks data. Learn more, Want details for your local REI? Whittaker served as CEO during the 1960s[5] and was an early board member with American Alpine Club president Nicholas Clinch. REI operates 165 retail stores in 39 states. Learn more, Orders of $50 or more ship free (U.S. standard). Learn more and join us, Earn a $100 REI Gift Card when you apply, get approved and make any purchase within 60 days of card approval.Details, Mon–Fri, 5am–10pm PT Sat–Sun, 6am–9pm PT. [30] For 2014, its chief executive officer received compensation of approximately $2.71 million per year.[31][32]. In 1956, Recreational Equipment Cooperative was incorporated. David Whitaker: Admin/Sales Lead Since Apr 2012. See reviews, photos, directions, phone numbers and more for Recreational Equipment Inc locations in Indianapolis, IN. In earlier years, board elections were competitive elections, with both board-nominated and self-nominated petition candidates. It also offers services such as outdoor-oriented vacations and courses. 20 providence pike, n. smithfield ri • (800) 831-2011 Home Although the company remained a co-operative, providing special services to its members, the "co-op" moniker was dropped from much of its literature and advertising. Since 1990, Great American Recreation has been the leading manufacturer of commercial billiard tables, air hockey, gaming cabinets, and more. Discover new clients and targets. © 2020 Recreational Equipment, Inc. All rights reserved. REI | Complete Ring Energy Inc. stock news by MarketWatch. [13] It has since expanded by creating MTBProject.com, a website for mountain bike trail maps, HikingProject.com, for hiking trails, PowderProject.com, for backcountry skiing trails, and TrailRunProject.com, for cross-country running trails. The company's line of business includes the wholesale distribution of industrial machinery and equipment. It also offers services such as outdoor-oriented vacations and courses. Jim Whittaker, the first American to summit Mount Everest (in 1963), was hired as the first full-time employee of REI on July 25, 1955. However, in the 1980s, with changes to its board of directors, the emphasis shifted toward family camping and branched out into kayaking, bicycling, and other outdoor sports. ... Stock … Shop early for the best selection. Recreational Equipment, Inc. Overview. [43] REI has pledged to be a climate neutral and zero waste to landfill company in 2020 by focusing on the five areas of its business: green buildings, product stewardship, proper paper usage, reducing waste and energy efficiency. [44], To support local communities, REI offers meeting space free of charge to non-profit organizations, supports conservation efforts, and organizes yearly outdoor service outings. Top-brand gear, clothing—and outdoor adventures! View real-time stock prices and stock quotes for a full financial overview. [47], "REI" redirects here. On June 11, 2015, REI bought Adventure Projects Inc., a Boulder-based company, founded by Nick Wilder and Mike Ahnemann in 2012, which is best known for its climbing website, Mountain Project (MountainProject.com), with guides to more than 128,000 climbing routes across the world. [19], In February 2019, REI acquired Arizona-based adventure tour operator Arizona Outback Adventures. Under Armour Inc. - NYSE: UAA 6/19/2013 15.50 6/19/2018 22.62 +45.9% Deckers Outdoor Corp. (Teva, Hoka, etc.) [4] On June 23, 1938, with the help from Seattle attorney Ed Rombauer, five Mountaineers met at Rombauer's office, and each paid one dollar to join Recreational Equipment Cooperative. This company offers outdoor sporting goods, clothing and other extreme sports gear and equipment. Today, it is consumer-oriented goods, particularly clothing and family camping equipment, that is the mainstay of REI's business. REI ranked as #8 in 2012,[37] #69 in 2014, #58 in 2015,[38] #26 in 2016,[39] and #28 in 2017. That placed REI on the US Environmental Protection Agency's top ten list of retailers in purchases of cleanly-generated electricity. REI - Recreational Equipment Inc. FORT COLLINS, CO, USA - SEPTEMBER 16 2014: REI - Recreational Equipment Inc … REI sells sporting goods, camping gear, travel equipment, and clothing. 2/11/20 10:34AM Lifetime membership is just $20. Recreational Equipment Inc. at 21318 64th Avenue South, Kent, WA 98032, USA. This includes sellers of sports equipment, board … Directors serve for terms of one or three years. End dates vary. Reset All Filters. Visit REI Co-op online and in-store. REI is a Washington corporation governed by a board of 13 directors, including the CEO. Check our store page. Get insights like historical revenue and employee data, growth rates, and more. Earn an Annual Dividend, plus get access to exclusive products, events and offers. Clothing, particularly "sport casual" clothes, also became a greater part of the company's product line. March 15, 2017. [17][18] Since then they have also released Camp Monsters and Wildfire. The locations include Flagship stores in Denver, Seattle, Redmond, and Bloomington as well as the Pittsburgh South Side Works store. Since Sep 2009 merchandise in the local area and in 2000 was named States! 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