REI’s revenue up 9 percent in 2015; online sales up 23 percent

By Lynette Carpiet

SEATTLE (BRAIN) — REI posted record revenues last year. The outdoor specialty retailer reported $2.4 billion in annual revenues in 2015, a 9.31 percent increase from $2.2 billion in 2014. Comparable store sales, which include direct to consumer sales, were up 7 percent, and online sales grew by nearly 23 percent, the company said Tuesday.

REI stocks and sells a variety of bike brands such as Accell North America’s Ghost and Diamondback, CSG’s Cannondale and …read more

Via:: Bicycle Retailer and Industry News