1. REI Stores Stay Shut, Workers Furloughed, No Pay for CEO

    REI Stores Stay Shut, Workers Furloughed, No Pay for CEO

    SEATTLE (AP) — REI said Monday it would keep its 162 retail locations closed and furlough some of its roughly 14,000 employees without pay for 90 days as the COVID-19 pandemic continues to halt much of the retail industry . CEO Eric Artz, who announced the decision in a blog post, said he and the Kent-based company's board would go without compensation for six months, The Seattle Times reported...

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    1. We believe this will be the most challenging period for our business, and we have to make some immediate decisions that impact REI employees.
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