LL Bean FY'13 net sales rise 3%

08 Mar '14

4 min read

“We look forward to another successful year in 2014,” said Chris McCormick. “The past few years have focused on prudent management of the business and conservative growth plans. In the new fiscal year we will make the largestsingle-year capital investment with an additional $100 million in the Web, Retail expansion and business systems to fuel our continued growth. We will be opening four new stores, expanding our Signature product line and growing the brand as we see continued strengthening of the economy.”

2013 Business Highlights:

-2013 company revenues $1.56 billion

-Men’s and Women’s Apparel and Outerwear and Sporting Goods saw revenue growth, with particular growth in our Hunting and Fishing categories, the heart of our outdoors heritage

-L.L.Bean Boot production continues at an all-time high

-$100 Million investment in internal productivity and process improvements

-ForeSee named L.L.Bean #1 in Overall Customer Satisfaction and ranks 2nd in E-Holiday Customer Satisfaction; Internet Retailer named LLB one of top 10 online apparel retailers; ranked #1 for email resolution by StellaService

-L.L.Bean donated $1.6 million in corporate contributions to nearly 200 non-profit organizations and an additional $360,000 for disaster relief

-Created unique tote bags out of Boston’s Fenway Park infield rain delay tarp, with profits donated to The One Fund Boston to support victims of the Boston Marathon bombing

-Provided Red Sox team and staff with one-of-a-kind red Bean Boots complete with World Series logo, to commemorate their 2013 victory

Retail: 2013 marks the most profitable year for retail since the company began operating stores outside of Maine; opened one new store in Freehold, NJ; Fayetteville New York Outlet converted to full price store; first-ever kiosk opened in the Natick Mall was a huge success, 88% over plan. Outdoor Discovery School participants at an all-time high of 100,900

International: new store in popular Jiyugaoka area of Tokyo opened in October; introduced three successful collaborations: Isetan department store, Tokyo Disneyland and Beam’s department store to sell specialty products made by L.L.Bean manufacturing in Brunswick, Maine.

About L.L.Bean

L.L.Bean, Inc. is a leading multichannel merchant of quality outdoor gear and apparel. Founded in 1912 by Leon Leonwood Bean, the company began as a one-room operation selling a single product, the Maine Hunting Shoe. While its business has grown over the years, L.L.Bean still upholds the values of its founder, including his dedication to quality, customer service and a love of the outdoors.

LL Bean

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