Sales up, L.L. Bean plans to open 4 stores
FREEPORT — L.L. Bean recorded net sales of $1.56 billion in fiscal year 2013, up 3 percent from the previous year, the company announced last week.
In the coming year, the 101-year-old outdoor outfitter said it plans to open four new stores and make its largest single-year capital investment ever, $100 million, in retail expansion, business systems and its website.
L.L. Bean also announced its intent to pay 8 percent performance bonuses to approximately 5,000 full- and part-time employees, and to contribute $40 million to fully fund its defined benefit pension program.