Online and Catalog Sales Climb 19% at REI

Recreation Equipment Inc. reported $1.18 billion in sales in 2006, which includes a 19% gain in online and catalog sales.

This marks the second year in row that total sales increased more than 15%, according to the company.

“The financial health of REI has never been stronger,” said in a statement Brad Johnson, chief financial officer at REI.

The company plans to reinvest profits in its infrastructure to improve operations, in addition to introducing new products, he added.