REI says store-employee pay up an average 10 percent
from The Seattle Times
The wage hikes REI announced last summer for store employees will cost as much as $24 million to $25 million, equal to "the vast majority of our profits last year," CEO Jerry Stritzke said at the co-op's annual meeting at the Seattle flagship store. REI last year reported $38.3 million in profit, after member dividends and taxes.
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