L.L.Bean announced the completion of a strong spring season with a
recognition gift for its employees and a free holiday shipping offer as
a gift of appreciation to its customers.
L.L.Bean said its spring season, which closed August 31, ended 8% over
last spring with strong performance in all channels: retail, catalog
and web. The company announced its Board of Directors approved a cash
recognition gift to all eligible employees, a payout of approximately
one million dollars. In recognition of the strong spring business
performance and in celebration its 95th anniversary the company is also
announcing a special holiday offer of free shipping.
“Business growth was healthy and profitability was at near record
levels for the season. Our product offerings have been well received,
allowing L.L.Bean to beat the retail trends in our market. This bodes
well for business as we move into the fall season,” said Chris
McCormick, L.L.Bean's President and CEO, in a statement. “In
recognition of this performance we are taking this opportunity to
express our appreciation to our employees with a cash gift, and offer
our customers an added benefit to their holiday shopping.”
Employees hired before February 26 will receive a cash gift of $165,
and those hired after that date will receive prorated amounts. The gift
will be paid to nearly 7,000 eligible employees.
L.L. Bean will begin offering free shipping and handling to all
customers for the fall and holiday shopping season. The offer begins on
September 28 and will run through December 21, and requires no minimum
purchase.
