Frage: Where Is Rei Headquarters?

Where is the new REI headquarters?

SEATTLE – REI Co-op announced today that it has completed the sale of its newly completed corporate campus in the Spring District neighborhood of Bellevue, Washington, for a purchase price of $390 million. The 400,000-square-foot campus and approximately 6 acres of land were purchased by Facebook on Sept. 14, 2020.

Who is REI owned by?

REI is owned by its active members, persons who have paid a $20 lifetime membership fee and have purchased $10 or more of merchandise from REI in a given calendar year.

Why did REI sell headquarters?

REI decided to sell its campus after the coronavirus pandemic hammered sales, leading the outdoor equipment retailer to conclude that it couldn’t afford not to sell the space. The company’s work-from-home program also proved to be surprisingly successful, said Ben Steele, REI’s chief customer officer.

Who bought REI corporate headquarters?

On Monday, Facebook Inc. bought it for $368 million, delivering a profit to REI and adding to a trio of buildings the social media giant has already leased nearby.

Does REI have its own brand?

REI Co-Op is REI’s own brand of outdoor gear. Its history dates back to 1938, so the company has more than eight decades of field-testing under its belt.

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Who is the CEO of REI?

Eric Artz is REI’s president and CEO. When he’s not at the co-op he can most often be found with his family traveling the trails of the Cascade Mountain range.

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).

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 is REI doing financially 2020?

This week, REI revealed the details of the financial toll that Covid-19 took on its top and bottom lines in 2020—and the impact was significant. For the full year, the co-op reported revenue of $2.75 billion, down 11.8 percent from 2019. It also posted a loss of $34 million, down from a $21 million profit last year.

How many flagship stores does REI have?

Recreational Equipment, Inc., which started as small Seattle co-op, now boasts 145 stores in 35 states with flagship locations so expansive customers don’t even have to enter the outdoors to test out the company’s equipment. Here are a few things you might not have known about the company.

Is Rei based in Seattle?

About REI Seattle Flagship REI Seattle provides outdoor enthusiasts in the Seattle, Washington, area with top-brand gear and clothing for camping, climbing, cycling, fitness, hiking, paddling, skiing, snowboarding and more.

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Where did REI originate?

Facebook will buy REI’s so-new-it’s-never-been-used Bellevue campus for nearly $368 million, the social-media giant announced today. The move further consolidates Facebook’s Eastside mini-empire in the upscale, multiuse Spring District east of I-405.

Is Facebook moving to Bellevue?

BELLEVUE, Wash. — Facebook leased another new building in Bellevue’s Spring District, increasing its footprint in the greater Seattle area to 3.3 million square feet of office space. Facebook reported about half of that space is in Bellevue.

How do I contact REI?

00 1 253-891-2500

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