September 17, 2013

2013 Press Herald File Photo / Gabe Souza

L.L. Bean in Freeport reports that sales from March through August for the outdoors retailer were up 3 percent from the same period last year.

L.L. Bean has best spring-summer since 2008

The Associated Press

FREEPORT — L.L. Bean just finished its best spring and summer season in five years, with a performance that was strong enough to warrant the first midyear employee gift since 2007, the company announced.

Sales from March through August for the outdoors retailer were up 3 percent from the same period last year, bolstering the company's position going into the critical end-of-year sales period, said Chris McCormick, president and CEO.

"While our most important selling season is still in front of us – moving into these critical fall weeks with a small cushion of profitability positions us well for the second half of the year," McCormick told employees Monday in a memo.

The company's board approved a $1 million bonus that'll amount to $185 apiece for employees hired before February, spokeswoman Carolyn Beem said. The privately held company didn't disclose its spring sales figures.

L.L. Bean is known for sharing the wealth in good times with an annual bonus based on the company's performance.

Last spring, the company's 5,000 full- and part-time workers received a bonus equivalent to 7.5 percent of their annual wages after the company reported $1.52 billion in revenue for the company's fiscal year.

Further Discussion

Here at we value our readers and are committed to growing our community by encouraging you to add to the discussion. To ensure conscientious dialogue we have implemented a strict no-bullying policy. To participate, you must follow our Terms of Use.

Questions about the article? Add them below and we’ll try to answer them or do a follow-up post as soon as we can. Technical problems? Email them to us with an exact description of the problem. Make sure to include:
  • Type of computer or mobile device your are using
  • Exact operating system and browser you are viewing the site on (TIP: You can easily determine your operating system here.)

  • Back to Business

Life & Culture

© 2014 The Portland Press Herald - All Rights Reserved.
MaineToday Media
One City Center, 5th floor, Portland, ME 04101-5009
(207) 791-6650