REI Co-op opened its first NH store in North Conway this week. The store offers outdoor gear, guided outdoor experiences and rental equipment.
Located in the Settlers Green shopping area, REI North Conway differs from the co-op's traditional retail spaces in that it is designed to be a launching pad for outdoor activities–a place where people of all levels of expertise can gather to plan their trip.
REI is a member-owned co-op. While anyone may shop at REI, members pay a lifetime $20 membership and share in the company’s profits through an annual dividend. There are more than 53,000 REI Co-op lifetime members in NH.
The co-op annually gives more than 70 percent of its profits back to the outdoor community through member dividends, employee retirement contributions and investment in nonprofit partners. REI is investing $20,000 in the Mt. Washington Valley Trails Association to help construct the North Conway Recreation Path.
REI North Conway is the ninth REI location in New England. There are four in Massachusetts, three in Connecticut and one in Rhode Island. REI will also open its first store in Vermont in Williston in November.