SGB Executive Apparel

EXEC: L.L.Bean Approves 9 Percent Bonus for 5,600 Employees Despite a Down Year

The retailer ended the 2023 fiscal year with annual net revenue totaling $1.7 billion, compared to $1.8 billion in the prior year. The Board approved a performance bonus of 9 percent of annual pay for its approximately 5,600 employees, comprised of a 5 percent cash bonus and a 4 percent 401(k) contribution.

EXEC: The Apparel Brands Bringing the Brand Heat in 2024

The third annual Brand Heat Index from L.E.K. Consulting identified the brands that are gaining in popularity, or increasing their brand “heat,” across major product categories and generations in women’s and men’s footwear and apparel.