Local Stores Opened In L.L.Bean2020

L.L.Bean, the US outdoor leisure products manufacturing giant seems to be getting a lot of good news recently. Following the list of the 2015 most suitable 100 companies in March 5th, its latest announcement shows that as of February 22, 2015, the company's revenue in the 2014 fiscal year has increased by 3% to 1 billion 610 million US dollars. In recognition of the efforts of employees over the past year, the L.L.Bean board of directors decided to grant a cash bonus of 5% annual salary to more than 5300 employees (full time and part-time) of the company. In addition, the company announced the 5 year development plan of shops. By 2020, the number of L.L.Bean shops in the United States has increased from at least 36 to 100.

In the whole staff In an open letter, Chris McCormick, President and chief executive officer of L.L. Bean, wrote that the board set the latest goal - opening up at least 100 stores in the United States by 2020. L.L. Bean currently has 26 direct retail outlets and 10 outlets outlets in the 12 states of the United States. Shop plan First, expand the territory; first, increase the density of shops in key areas.

"In this challenging retail environment, L.L.Bean has performed very well in the past year, and net income has increased by 3% over the past year," McCormick wrote. "We invest in business for a long time and continue to enhance customer experience, and the effect has begun to emerge. Besides, we are expanding our Retail business We will upgrade our operating system and make substantial adjustments to our online shopping mall to enhance interaction. Most importantly, we won't be able to achieve these results in 2014 without you, hard working and highly committed employees.

The chairman of the board of directors of Shawn Gorman, L.L.Bean also said that the employees were well deserved. "On behalf of all the members of the board, I would like to congratulate you on your success this year. We have a great team. I am very glad to see that you have made many contributions and achievements in your respective positions. Our investment in the past few years has laid a good foundation for the future development of the company. "

McCormick said that giving bonuses to all employees is a recognition of everyone's work. It also highlights the long-term commitment of the Bean family to share the company's success and profits with all its shareholders and employees. In 2015, L.L. Bean will continue to push the company's growth strategy with established retail, e-commerce and product lines.

L.L.Bean, founded in 1912, is a company that attaches great importance to employee benefits. In the highly mobile retailing industry, its full-time employee turnover rate is less than 3% and part-time employees are only 11%. In 2013, L.L.Bean achieved sales revenue of US $1 billion 560 million, an increase of 3 percentage points over the previous year. Due to its gratifying results, the company decided to distribute 8% performance bonus for all full-time or part-time employees (about 5000).