[snowwrestler]

In contrast, REI’s management is looking pretty smart for a move that a lot of people questioned at the time.

https://www.outsideonline.com/outdoor-gear/gear-news/rei-sel...

[inasio]

MEC, which used to be Canada's equivalent of REI, went bankrupt a couple of years ago (the C used to be co-op, currently stands for company after they got rescued by a fund). Talking with a long-time employee, a big reason was ~100M spent on big fancy headquarters (new owners promptly sold them to EA)

[sefrost]

EA are leasing it, they didn't buy it.

[xeromal]

Thanks for this info. I love REI and am one of their members but had no idea this happened. Sometimes biting the bullet is the wise decision.