Is Cotopaxi Going Out Of Business 2024?

About Cotopaxi

Cotopaxi is a sustainable outdoor apparel brand that was founded by Davis Smith in 2014 in Salt Lake City, Utah.

About Cotopaxi

The brand is named after Cotopaxi, one of the world’s highest active volcanoes, and is dedicated to donating 1% of its revenue to nonprofits.

Cotopaxi Implements Layoffs

The sustainable adventure brand Cotopaxi has laid off 22 workers recently, citing the reason for the company’s “restructuring.”

Cotopaxi Closes Its San Francisco Store

In 2022, Davis announced on his LinkedIn page that he had closed the only retail store in San Franciso because of rampant theft and compromised safety.

Is Cotopaxi Going Out Of Business?

Cotopaxi is in good health despite inflation and high inventory levels and is definitely not going out of business.

Cotopaxi’s Plans For the Future

Recently, the company announced that it will be expanding into the cinematic universe as a sustaining sponsor at the 2024 Sundance Film Festival.