The co-operative reported 2.7% net income growth in2007 to $41,427,000 from $40,273,000. Operating income grew 1% to $106,526,000from $105,550,000. For a third consecutive year, REI’s comparable store salesrose by more than 8.0%, this time rising 8.2%. Total revenues expanded 13.5% to$1,342,024,000 from $1,181,531,000. Direct sales from online and catalogsincreased 16.1% in FY07.

The co-op reported that it added 625,000 members in2007, bringing the total to 3.4 million. The new membership total was a 13%increase over last year. Through its annual patronage dividend, REI members ... Log in to view full article.