REI doubles earnings

Filed under: Daily News | Tags:, ,

Recreational Equipment Inc., otherwise known as REI to outdoor enthusiasts, more than doubled its earnings during 2009.

The company reported that its profits increased from $29.8 million from $14.5 million during 2008. Operating expenses increased slightly to 37.8 percent from 37 percent a year ago. Operating income increased 36.6 percent to $100.6 million from $73.6 million during 2008.

Colorado Springs has a single REI store, at 1376 E. Woodman Rd.

One Response to REI doubles earnings

  1. When I was a scout leader and a Woodbadger to boot, our patrol cheer was:

    Grizzlies, Grizzlies that’s our cry,
    Going broke at REI!

    I love that store.

    Christopher Colvin
    July 22, 2010 at 1:03 pm