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Stephanie Creek Jim Hodgson John Lim. About REI “Recreational Equipment Inc.” American consumers' co-op Sells outdoor gear and sporting goods. Sales mediums:

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Presentation on theme: "Stephanie Creek Jim Hodgson John Lim. About REI “Recreational Equipment Inc.” American consumers' co-op Sells outdoor gear and sporting goods. Sales mediums:"— Presentation transcript:

1 Stephanie Creek Jim Hodgson John Lim

2 About REI “Recreational Equipment Inc.” American consumers' co-op Sells outdoor gear and sporting goods. Sales mediums: –Retail Stores –Catalogs –Internet

3 History First store opened in 1938 in Seattle, WA Founded by Lloyd Anderson and 22 fellow climbers. Established as a consumer co-op.

4 REI Membership One time fee of $15 to join. Benefits: –Gear Rental Discounts –Return 10% of purchases. Over 3 million members, nation’s largest co-op.

5 Products Quality gear, clothing and footwear Backed by 100% guarantee Set product standards for outdoor sports industry Conduct tests in lab and field by employees 25% of sales are REI-brand REI's mountain, road and touring bike lines - "Novara"

6 Stores Over 90 locations in 27 states Facilities for testing equipment –bike test trails –climbing pinnacles –camp stove demonstration tables Outdoors Education: –in-store clinics –sponsored events –association with local outdoor organizations Internet kiosks –product information –recreation resources –order from complete REI line

7 Fortune’s Top 100 Places to Work 9th in 2006 How Winners Are Selected –Evaluated on culture, policies, unique practices, and benefits –Random 400 employees survey measuring: fairness in management pride in work job satisfaction Camaraderie What Puts REI Among the Top 100? –Retirement plan that doesn't require individual contributions –Health-care benefits for all, including part-time employees –Gear discounts and free gear rentals –Encouragement of work/life balance –Outdoor-focused culture that encourages outdoor activity –Camaraderie, open communication and opportunity for advancement –Gear grants to take on a personal outdoor challenges –Community involvement, contributed $20 million to local recreation clubs –Incentive pay program –Employee discounts up to 50%

8 Local Competitors Big 5 Bi-Mart G.I. Joe’s Walmart

9 Branching Out REI Adventures REI Gives –Youth Programs –Community Service –Grants –Stewardship Awards Online Store Retail Expansion

10 Questions? References: http://rei.com/ http://seattlepi.nwsource.com/business/27 6440_jewell05.htmlhttp://seattlepi.nwsource.com/business/27 6440_jewell05.html http://en.wikipedia.org/wiki/REI


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