Daily Newsletter

21 October 2024

Daily Newsletter

21 October 2024

REI Co-op announces store openings for 2025 in six US cities  

Each store will offer apparel and gear for camping, hiking, cycling, fitness and climbing.

Jangoulun Singsit October 21 2024

Outdoor speciality retailer REI Co-op has unveiled its plans for a series of new store openings in six US cities in the spring and summer of 2025.  

The new stores will be located in Carlsbad, Chico and Elk Grove, California, in Amherst, New York, in Durango, Colorado and in Lynnwood, Washington.  

Each location will offer a comprehensive range of outdoor apparel and gear for activities such as camping, fitness, hiking, climbing and cycling.

In addition to their retail offerings, all new REI stores will feature full-service bike shops with certified mechanics.  

These shops will provide tuning and repair services for mountain, road, hybrid and e-bikes.  

The stores in Amherst, Durango and Lynnwood will also house seasonal ski and snowboard shops with technicians to service winter sports equipment. 

For 2026, REI has announced two new leases: a 23,848ft² store in Prosper, Texas and a 22,800ft² store in St. George, Utah, building on its growth momentum. Additional store announcements will follow as leases are finalised.  

The Amherst store will span 25,300ft² at the Boulevard - the seventh REI location in New York.  

The Carlsbad store represents a relocation from Encinitas to a larger 28,000ft² space at La Costa Town Square.  

Chico's new 25,002ft² store will be situated at Chico Crossroads. 

Lynnwood's relocation sees the Alderwood store moving to a larger 39,480ft² site at the Alderwood Parkway Plaza Shopping Centre.   

Durango's newly constructed 22,000ft² store is set south of the downtown corridor, while  

Elk Grove will welcome a 22,127ft²  space at the Laguna Gateway Shopping Centre.  

By the end of 2024, REI Co-op will have launched ten stores and expanded its San Diego location.  

REI stores vice president Mary-Farrell Tarbox said: "Our store employees are the heart of the co-op, and they welcome everyone to experience our product expertise, resources and inspiration in support of an active lifestyle. 

"Cities that will have new stores represent communities that serve as a gateway to some of the country's most incredible natural places and where our members currently live or destinations where they love to play outside." 

Mobile Wallet and Payment Overview

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Mobile Wallet and Payment Overview

GlobalData's latest report provides an overview and analysis of the current state of the mobile wallet space. It examines the market size on a global and country level. The report also looks at the factors driving consumers to adopt and use mobile wallets as well as the obstacles deterring them. With technological advancements in biometrics, there are many strong indications that payments with the palm will be the next big thing in the payment space.

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