L.L.Bean Announces Employee Recognition Gift and Free Holiday Shipping to All Customers
L.L.Bean announced today 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’s spring season, which closed August 31, ended 8% over last spring with strong performance in all channels: retail, catalog and Web. The company announced that 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 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. Free shipping and handling applies to L.L.Bean’s delivery service in the United States, Canada, APO/FPO and US Possessions addresses.
L.L.Bean, Inc. is a leading retailer of quality outdoor gear and apparel. Founded in 1912 by Leon Leonwood Bean, the company began as a one-room operation selling a single product, the Maine Hunting Shoe. While its business has grown substantially, L.L.Bean still upholds the values of its founder and continues his dedication to quality, customer service and a love of the outdoors.
A privately held company, L.L.Bean does not publicly disclose financials.
Contact: Carolyn Beem, 207-552-6022 or email@example.com