Big Sky Guy
Well-known member
- Joined
- Dec 10, 2018
- Messages
- 849
50% decrease in sales YOY is concerning and almost unbelievable. Hard to believe they can be the only ones, wonder if more companies are in similar situation?
RIP Camofire
- Thread starter Wild Bill
- Start date
Let’s just say I know a guy who watches this type of stuff with retail companies on a broad spectrum. It’s not an industry trend, it was a company issue.
CowboyLeroy
Well-known member
Pour one out for the homeboys.
Big Sky Guy
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- Dec 10, 2018
- Messages
- 849
Bummer, almost 2 decades in business just to have it all go down in flames.
Montana_Wanderer
Active member
Crazy! Got myself a new merino hoodie a week or so ago. Now I’m scared to wear it as I’ll never be able to replace it. Loved their merino.
Potsie
Well-known member
Lots of people saying this, same with suppliers. The guy from Aziak Equipment has multiple videos posted on Instagram about it, CamoFire recently ordered from him and didn’t pay for it.
He grabbed the publicly available bankruptcy documents and did a deep dive.
CamoFire began paying their bankruptcy lawyer and beginning proceedings back in August, gave severance pay outs of $4k and $25k to two different employees last month, but somehow ordered stuff from suppliers and took orders up to the day before closing doors.
Sketchy AF.
Whiskey Freak
Well-known member
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- Apr 15, 2020
- Messages
- 299
What are they going to do come back with a new brand or something? Black orifice?
I don’t know how big are the operations but the purchasing person might not know what management is doing. I would assume that management was acting like everything was normal while preparing to cease operations in the background.
Being a bankruptcy, everyone owed money can file a claim for repayment, unfortunately. Probably not worth the time and effort for most retail customers.
Rainer
Well-known member
- Joined
- Feb 4, 2016
- Messages
- 778
Seems like REI is about to go bankrupt next
Pucky Freak
Well-known member
I just hope the redhead sent them 50k of poacher game bags and whatnot and is out the money.
EastTNHunter
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- Jun 13, 2018
- Messages
- 2,115
Are Camofire and REI tied, or is that totally separate?
El Jason
Well-known member
Where did you pull this out of?
rtraverdavis
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- Oct 20, 2016
- Messages
- 4,239
What makes you say that?
mevertsen
Well-known member
I saw an article a few days ago about REI closing some stores...
Quick search shows 3 in 2026.
rtraverdavis
Well-known member
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- Oct 20, 2016
- Messages
- 4,239
I’d be shocked if they went under. They certainly do a brisk business at the store nearest me.
Irrelevant
Well-known member
He's not crazy, REI isn't making money, but they also have a great thing going, they just need to focus on turning a profit and not being quite so philanthropic
Potsie
Well-known member
At least they finally shed the boondoggle of "REI Experiences" early this year. They've had to close some stores, but are opening others.
