L.L. Bean Sales Declined to $1.7 Billion in 2023
The 112-year-old, Maine-based retailer reported revenues declined roughly 5% to $1.7 billion last year, down from a nearly $1.8 billion top line in 2022. Bean touted continued investments in its omnichannel growth strategy, which included opening four retail stores in the United States and Canada, ending the year with 58 stores in the U.S. and 13 stores north of the border. It also launched a French language web site for Quebec. New wholesale partnerships were forged with Academy Sports + Outdoors, Dillard’s, Moosejaw and 10 independent outdoor specialty stores, expanding the ... Log in to view full article.