L.L. Bean Undergoing Major Expansion in the Next Five Years
Times are good for L.L. Bean. In the next five years they plan to open about 75 new stores or triple the number of retail locations.
After years of increasing revenue, they plan to triple their stores by the decade's end. In just the past year the Freeport-based company made $1.6 billion and sales have grown by 3%.
As of right now, L.L. Bean has 26 stores spanning from the Northeast to Minnesota.
I wish L.L. Bean much luck in their expansion moving forward and luck in getting caught up in the backlog in boot orders!
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