REI is offering the 20% off coupon again on full priced items:

REI Member Exclusive Coupon: Save 20% May 16?26 on one item

Excludes bikes and GPS' items.

EXCLUSIONS

Offer valid 5/16/14 12:00am–5/26/14 11:59pm Pacific Time.
Coupon (or coupon code) must be presented at time of purchase. Online and phone customers must use code “ANNV2014” to receive this discount.
Discount applies to highest full-price REI.com item AND highest-price REI-OUTLET item in shopping cart.
Offer valid for 20% off one full-price item from REI.com, 1-800-426-4840 or REI stores only.
Offer valid for an extra 20% off one REI-OUTLET item (prices ending in $.73).
REI membership is required at checkout. Not a member? You can join for a one-time $20 fee during checkout.
Offer not valid on REI Adventures or REI Outdoor School.
Offer not valid on special orders, package discounts, prior purchases, REI gift cards, REI e-gift cards, gift boxes, memberships, shop services or rentals, passes and tickets.
Discounts not valid on bikes, hard-shell boats, stand up paddleboards, any item with GPS technology, activity trackers, personal locator beacons, avalanche airbag products, skis, ski boots or ski bindings; snowboards, snowboard boots or snowboard bindings.
Offer is limited to stock on hand and backorderable items, is nontransferable and is not redeemable for cash.
Merchandise purchased with this offer is not eligible for the REI member refund. Offer may not be combined with any other discount or offer. Limit one coupon per customer.
To order by phone, call 1-800-426-4840 Mon. through Sun., 4am through 11pm PT.
Cashier instruction: Apply 20% line discount to the highest full-price item when prompted. Please refer to exclusions.