"As markets and customer needs evolve, we must adapt to position the co-op for long-term success,"
"As with any store closure, this decision was based on business factors, not on union activity,"
"We certainly are sad to hear about the closure and are focused on negotiating the best outcomes for our workers,"
REI Co-op will close its only Boston store at the Landmark Center in late 2026, along with locations in SoHo, New York City, and Paramus, New Jersey. Net sales declined 6.3%, from $3.7 billion in 2023 to $3.5 billion in 2024. The Fenway store opened in the early 2000s; after closure the nearest stores will be in Hingham, Framingham, and Reading. REI operates 195 stores nationwide and recently closed an experimental Cambridge storefront for underperformance. The Boston store joined the UFCW in May 2023 and represented about 80 workers; employees may apply for positions at other REI stores.
Read at Boston.com
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