


LL Bean records big surge in sales
FREEPORT, Maine — With Americans hunkering down and hankering to get outdoors during the pandemic, L.L. Bean recorded its best annual sales growth in nearly a decade, the company said Friday.
The Freeport-based retailer started its fiscal year with store closings and worries about survival but the company weathered the turbulent times with revenue growth of 5%, the best showing since 2011.
The company’s 4,600 full- and part-time workers reaped some of the benefit from the net revenue of $1.59 billion. The family-owned company awarded a cash bonus of 10% of workers’ salary and an additional 401(k) contribution equal to 8% of salary, said CEO Steve Smith. All told, the company gave back $72 million to workers, he said.