All articles tagged with #sporting goods
Many outdoor and sporting goods retailers, including REI, are closing multiple stores due to market slowdown, economic challenges, and changing consumer habits, with notable closures in flagship locations and a decline in overall outdoor retail sales.
The REI store in Portland's Pearl District is permanently closing due to a high number of thefts and break-ins, despite efforts by local authorities to enhance security and convince the company to stay open. The closure comes as the company faces financial uncertainty and recent layoffs. Customers can still pick up orders or equipment until 7 p.m. Thursday, and there are three other REI stores open in the Portland metro area.