L.L. Bean Sales Gained 1% Last Year
The retailer said that its revenues inched up slightly in 2018 to about $1.6 billion after two years of flat top line results, and that it will pay out a total of $45 million to employees, including a 5% performance bonus and a 2% enhancement to its 401(k) contribution. But those employees now number about 5,400, down about 10% from 6,000 at the beginning of the year due to early retirement and layoffs. 2018 also saw the completion of Bean’s upgrade of it legacy technology and warehouse systems which greatly improved daily orders processed, on-time delivery and lowering customer product ... Log in to view full article.