Foreign retailer Reiler Rei plans to close three northeast stores by 2026: Report
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Outdoor Retailer Recloval Equipment, Inc. (Rei) is reportedly planning to close some of its US stores next year.
The closure will affect Rei’s locations throughout the Northeast, including Paramus, New Jersey, during the first three months of 2026, and Boston, New York City later that year, in the USA today.
“We really appreciate our teams, our members and our customers, and the retail community for their support over the years,” Refi said in a statement to USA Today. “As markets and neighborhoods need to evolve, we must align ourselves with a position for long-term success. We will continue to serve members and customers in these areas until the New York and Boston regions.”
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The Rei store is pictured here. The retailer is reportedly planning to close three US stores by 2026. (Don and Melinda Crawford / UCG / Universal Pictures Group via Getty Images / Getty Images)
Despite the impending closure, the retailer continued to expand in other areas. Rei’s opened six new stores this year, including Durango, Colorado; Elk Grove, California; and Amherst, New York, according to the REI website.
The announcement comes as another longtime retailer, the Orvis Company, recently announced plans to close more than a dozen stores by 2026 as part of a broader effort to reduce inventory and respond to rising tax rates.
The 169-year-old retailer is closing 36 locations
A customer enters an Inc. amusement park. (Rei) Save a place located in the Soho area of New York, US, on Monday, Monday, 2020. (Gabby Jones/Bloomberg via Getty Images/Getty Images)
Orvis President Simon Perkins said in a statement that the 31 stores will close as the company enters “a more ambitious chapter” aimed at “focusing on its retail partners who sell its products.”
Last year, Rei laid off 357 employees, according to a message shared with employees at the time by former CEO Eric Artz, who retired in March.
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A closing shop outside an Orvis store on Michigan Avenue in Chicago, Illinois, on May 27, 2025 (Christopher Dilds/Bloomberg via Getty Images/Getty Images)
“Special foreign sales have been hit by four quarters of decline – and the trend has been negative,” said Rezz in January of last year. “While we were able to mitigate this trend for most of last year, it caught up with us in Q4 and now we expect conditions to remain very challenging throughout 2024.”
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Rei did not immediately respond to ‘FOX’s’ corporate request for comment.
FOX Business’ Daniella Genovese contributed to this report.
