expiredHandymanmacaw posted Aug 17, 2024 04:54 PM
Item 1 of 2
Item 1 of 2
expiredHandymanmacaw posted Aug 17, 2024 04:54 PM
REI Co-Op Member Coupon: One Outlet Item
+ Free S&H (Valid Aug 23 - Sept 2)20% Off
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This week they're $63.73, $46.73 & $82.73...
I hate how REI always increases the prices of Outlet items during these "20% off coupon days".
"REI said Tuesday it lost $311 million in 2023 — a tumultuous year that included layoffs and operations restructuring at the Seattle-founded outdoor equipment retailer. Revenues were $3.76 billion in 2023, down 2.4% from the previous year."
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This week they're $63.73, $46.73 & $82.73...
I hate how REI always increases the prices of Outlet items during these "20% off coupon days".
Sign up for a Slickdeals account to remove this ad.
They have also increased the bike shop prices quite significantly, I think.
You have any proof to back that up or just sheer conjecture?
"REI said Tuesday it lost $311 million in 2023 — a tumultuous year that included layoffs and operations restructuring at the Seattle-founded outdoor equipment retailer. Revenues were $3.76 billion in 2023, down 2.4% from the previous year."
They have also increased the bike shop prices quite significantly, I think.
They have also increased the bike shop prices quite significantly, I think.
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Our community has rated this post as helpful. If you agree, why not thank Handymanmacaw
Edit:
I read through its financial statements. It had $250 million of cash and cash-equivalents on hand at the start of 2024. $40 million were actual cash. $104 million in money market. $106 million in US treasuries. Last year's losses resulted in net decrease in cash of $100 million. I imagine REI is trying to stem the cash hemorrhage.
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