• Popular outdoor recreation retailer REI, which is headquartered in Seattle, is closing its store in Portland, Ore., due to the city’s soaring crime rates.
• The company announced this week that it is shuttering the Pearl District store located in downtown Portland due to increasing local crime. REI also revealed that it has suffered retail loss from store sales at the location.
• In an email sent to members, the company expressed its sadness over the decision but explained that the Portland location experienced its highest number of break-ins and thefts despite actions to provide extra security.

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