Overview

• REI said it will shutter its Paramus, N.J., store in the first quarter of 2026 and close its Boston and SoHo, N.Y.C., locations in late 2026.
• Company leaders framed the moves as business decisions tied to performance, stating the closures are not related to union activity.
• The Boston and SoHo stores are among 11 unionized REI locations, and UFCW Local 1445 said it is seeking details on the Boston closure and worker outcomes.
• REI said employees at the affected stores may apply for open roles at other locations, while specifics such as severance have not been detailed.
• The closures follow revenue pressure, with net sales declining to about $3.5 billion last year, and align with the new 'Peak 28' plan to focus on higher-performing sites.