May 19, 2013 6:40 PM ET

Textiles, Apparel and Luxury Goods

Company Overview of L.L. Bean, Inc.

Company Overview

L.L. Bean, Inc. provides apparel, outdoor equipment, and expert advice worldwide. It offers shirts, sweaters, sweatshirts, pants, outerwear, blazers, accessories, footwear, sleepwear and robes, shorts and swimwear, fleece tops and sweatshirts, skirts and dresses, and swimwear for men, women, and children; backpacks, messenger bags, lunch boxes, and water bottles for children; and footwear for men, women, and children. The company also provides hunting and fishing products, such as hunting apparel and footwear, hunting gear, fishing apparel, fishing gear, fishing kayaks and canoes, dog supplies, electronics, knives and tools, lighting, and sunglasses, as well as binoculars, scopes, and range ...

Detailed Description

15 Casco Street

Freeport, ME 04033-0001

United States

Founded in 1912

Phone:

207-552-3028

Fax:

207-552-3080

www.llbean.com

Key Executives for L.L. Bean, Inc.

Chief Executive Officer and President
Chief Financial Officer
Chief Retail Officer and Member of the Office of President
Age: 63
Senior Vice President of Retail and General Manager of Retail
Vice President of Finance
Compensation as of Fiscal Year 2012.

L.L. Bean, Inc. Key Developments

Maine Judge Trims L.L. Bean, Inc.'s Payment to Worcester (WUS'-tur) Wreath Co

A Maine judge has reduced the amount L.L. Bean must pay a wreath-making company in a legal dispute over the production of wreaths and other goods for the 2008 holiday season. A Maine Business and Consumer Court judge reduced the judgment from nearly $1 million to $657,000 after reviewing the numbers in the original lawsuit. A judge had ordered L.L. Bean Inc. to pay Worcester (WUS'-tur) Wreath Co. after finding L.L. Bean ordered more wreaths than it could sell. The judge said Worcester had to step up production on items that never sold.

L.L. Bean, Inc. Unveils L.L.Bean Bootmobile

L.L. Bean, Inc. debuted the "L.L.Bean Bootmobile" a larger-than-life embodiment of its most iconic product. The 13-foot high and 20-foot long vehicle was revealed to employees at the Brunswick, ME manufacturing facility where popular Bean boots are made, stopping at the L.L.Bean flagship store in Freeport before traveling to New York City. The Bootmobile is modeled after L.L.Bean's first product, the Maine Hunting Shoe. Having returned from a hunting trip with cold, wet feet, he had a revolutionary idea for a boot design. This innovative "Bean Boot" changed outdoor footwear forever and began one of the most successful family-run businesses in the country. The success of the company is due in part to L.L.Bean's legendary quality guarantee, which began with L.L.'s first product. Of the first 100 boots he created, 92 were defective and he refunded each customer their money. From there, he went back to the drawing board and re-engineered his boot, which has since stood the test of time and become the company's most popular product. facts about the Bootmobile are: If the Bootmobile was an actual boot, it would be size 747; The Bootmobile is 13' tall, 20' 6" long and 7' 6" wide; The Bootmobile generates 0% CO2 emissions thanks to a diesel engine with urea tank and particulate filter; If an actual person were to wear the Bootmobile, the person would be 143' tall - 32' taller than the Statue of Liberty; The Bootmobile laces are made of 12 strand braided mooring rope, capable of towing 106,000 lbs; The driver enters and exits through the heel; A camera provides visibility for the rear and top of the Bootmobile.

L.L. Bean, Inc. to Open New Store at Paramus Park, New Jersey

L.L. Bean, Inc. will open its newest store at Paramus Park Mall, Paramus, New Jersey, at 9 a.m., November 18. Outdoor enthusiasts are invited to the two-day Grand Opening celebration that promises fun and adventure for the whole family. L.L.Bean’s new 15,000-square-foot store will employ 80 people. The store will offer a carefully selected assortment of high-quality and affordable casual apparel and footwear (including its iconic L.L.Bean Boots), outdoor apparel and gear such as hiking, fly-fishing, and camping products, luggage and travel gear and items for the home – all backed by L.L.Bean's legendary 100% satisfaction guarantee.

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