REI reports 14% sales increase
Recreational Equipment Inc (REI), a US retailer of outdoor equipment, footwear and clothing has announced 2010 sales of $1.66 billion, up 14% from $1.46 billion the previous year.
Operating income for the year was a record $115.4 million, an increase of 15% over $100.6 million in 2009. Net income in 2010 was $30.2 million, up 1.4% from $29.8 million in the previous year. The company’s direct sales channel, which includes online and catalogue sales, grew by 22.9%.