L.L.Bean facts for kids
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L.L.Bean's flagship store and Bean Boot in Freeport, Maine
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| Privately held company | |
| Industry | Retail |
| Founded | 1912 |
| Founder | Leon Leonwood Bean |
| Headquarters | 15 Casco Street, Freeport, Maine, U.S. 43°50′58″N 70°6′32″W / 43.84944°N 70.10889°W |
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Number of locations
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54 stores |
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Area served
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Worldwide |
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Key people
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Shawn Gorman (Chairman) Steve Smith (President & CEO) |
| Products |
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| Revenue |  US$1.59 billion (2019) |
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Number of employees
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6,438 (2021) |
L.L.Bean is an American privately held retail company that was founded in 1912 by Leon Leonwood Bean. The company, headquartered in the place in which it was founded, Freeport, Maine, specializes in clothing and outdoor recreation equipment.
Contents
Company history
L.L.Bean was founded in 1912 by its namesake, hunter and fisherman Leon Leonwood Bean, in Freeport, Maine. The company began as a one-room operation selling a single product, the Maine Hunting Shoe, also known as duck boots and later as Bean Boots. Bean had developed a waterproof boot, which is a combination of lightweight leather uppers and rubber bottoms that he sold to hunters. He obtained a list of nonresident Maine hunting license holders, prepared a descriptive mail order circular, set up a shop in his brother's basement in Freeport and started a nationwide mail-order business. The company's first hunting boot was sewn by Gertrude Goldrup, whose sewing machine is on display in the flagship store. By 1912, Bean was selling the Bean Boot through a four-page mail-order catalog, and the boot remains a staple of the company's outdoor image. Defects in the initial design led to 90 percent of the original production run being returned: Bean honored his money-back guarantee, corrected the design, and continued selling them.
According to Bean, relating the incorporation of the company, "officers elected Nov. 16, 1934...L.L. Bean, President and Treasurer; Carl Bean Vice President and Assistant Treasurer; Jack Gorman, my son-in-law, Vice President and Clothing Buyer; and Warren Bean, my son, Clerk." Gross sales for his company amounted to $1 million in 1946, increasing to $3.8 million in 1966, $20.4 million in 1974, and $237.4 million in 1984.
The 220,000 sq ft (20,000 m2) L.L.Bean retail store campus in Freeport, Maine, is open 24 hours a day, 365 days a year.
As of February 26, 2024, L.L.Bean is discontinuing mail orders, shifting business entirely to online and telephone orders.
Leadership
After Leon L. Bean's death in 1967, the company passed into the directorship of Bean's grandson, Leon Gorman, from that time until 2001, when Gorman decided to take the position of chairman. Christopher McCormick assumed the role of CEO, the first non-family member to assume the title. On May 19, 2013, Shawn Gorman, 47, a great-grandson of the company's founder, was elected L.L.Bean's chairman. The company announced a US$125,000 donation to a new scholarship fund upon Leon Gorman's death in 2015, representing about 2.5 years of tuition at Bowdoin College, Gorman's alma mater.
Stephen Smith was named chief executive officer (CEO) in November 2015, the first time in the company's 103-year history that a CEO had been hired from outside the company.
List of chairmen
- Leon Gorman (2001–2013)
- Shawn Gorman (since May 2013)
List of CEOs
- Leon L. Bean (1912–1967)
- Leon Gorman (1967–2001)
- Christopher McCormick (2001–2015); first non-family CEO
- Stephen Smith (since November 2015)
Product line
The company sells a variety of hiking, weather, and other utility boots, along with other outdoor equipment such as firearms, backpacks, and tents, and produces a full line of clothing, which is now its mainstay.
L.L.Bean sources its products from the US and across the globe. As of 2016, its factory in Brunswick, Maine, employed more than 450 people who made the company's products by hand, such as the Maine Hunting Shoe, L.L.Bean Boot, Boat and Totes, dog beds, leather goods, and backpacks.
In 2000, L.L.Bean partnered with Japanese automaker Subaru, making L.L.Bean the official outfitter of Subaru, spawning the L.L.Bean edition Subaru Outback and Subaru Forester for the US market. The L.L.Bean trim levels were top-spec versions, with most available options included as standard equipment. This relationship with Subaru ended June 28, 2008.
In 2010, L.L.Bean created a contemporary sub-brand called L.L.Bean Signature. The Signature line is a modern interpretation of L.L.Bean's previous products with modern fits.
Retail stores
Along with a number of retail and outlet stores, the company maintains its flagship store on Main Street in Freeport. This branch, originally opened in 1917, remained open continuously, 24 hours a day, between 1951 and 1962, when Maine changed its blue laws; a town vote later reinstated the store's open-door policy. The flagship has closed to honor the death of U.S. President John F. Kennedy in 1963, and the deaths of founder Leon L. Bean in 1967 and his grandson Leon Gorman in 2015. Due to the COVID-19 pandemic worldwide, all L.L.Bean stores were closed indefinitely starting on March 17, 2020, at midnight. It was the first time it had ever closed for more than 24 hours. The company began to reopen stores in May 2020.
L.L.Bean has invested heavily in activities for both visitors and residents in Freeport, including its Outdoor Discovery Schools, Christmas light displays, and its Summer Concert Series, which has attracted artists such as Grace Potter, Lake Street Dive, Edwin McCain, Great Big Sea, Buckwheat Zydeco, and Rockapella.
L.L.Bean opened its first outlet store in North Conway, New Hampshire, in 1988. The company operates 30 retail stores and 10 factory outlets in the US, and 25 retail stores in Japan, in addition to its catalog and online sales operations.
The L.L.Bean Bootmobile travels the United States and serves as a mobile store during its college tour with a limited selection of products.
In March 2018, L.L.Bean opened its first urban location in Boston's Seaport District. The 8,600-square-foot (800 m2) store will be the model for further expansion in urban areas and carry a selection of merchandise selected to fit the surrounding community.
In November 2019, it was announced that L.L.Bean will be launching in the UK.
Returns policy
From its founding, L.L.Bean had an unlimited return policy, which allowed customers to return items with which they were dissatisfied at any time, even without a purchase receipt. On February 9, 2018, the company announced it would be limiting returns to within one year of purchase, and only with a receipt or other proof of purchase. L.L.Bean said that some customers had been abusing the policy by returning items that had been purchased from yard sales and third parties or used the policy as a lifetime replacement program for items with normal wear and tear. L.L.Bean has also stated it reserves the right to deny returns to those who regularly return items.
International expansion
L.L. Bean has ventured into international markets notably Japan and Canada, starting with Japan in 1976 with L.L. Bean bags debuting at American Life Shop BEAMS in Tokyo's Harajuku district in 1976. It opened its first outlet in Japan in November 1992, and then expanding to 28 stores in the country by November 2018. The company then ventured into the Canadian market, launching an e-commerce site in 2018 under licensing by Toronto-based Jaytex Group and expansion directed under Brokerage Oberfeld Snowcap, and opening its first outlet in 2019 in Oakville, Ontario, with at least eight stores opened by the end of 2021 with plans to operate at least 20 more.
In 2020, the company expanded its outlets in Ontario, including one at Ottawa's Train Yards, one at the Georgian Mall in Barrie, and one at Vaughan Mills.
In 2021, the company opened outlets at Toronto's Shops at Don Mills, one at Halifax, Nova Scotia's Dartmouth Crossing, two in British Columbia, one in Victoria's Mayfair Mall and one at Burnaby's The Amazing Brentwood, one at Calgary, Alberta's Deerfoot Meadows retail centre. 2022 saw the Ontario openings of one at Kitchener's The Boardwalk, Kingston's Cataraqui Mall, and one at Moncton, New Brunswick's Champlain Place, Niagara Falls' Canada One and Edmonton, Alberta's West Edmonton Mall.
Outdoor Discovery Schools
L.L.Bean has education programs connected to many of its retail outlets to support the outdoor interests of its customers. Customers can sign up to participate in a number of outdoor activities; all equipment and instruction are provided. Activities include archery, clay shooting, fly casting, and sea kayaking. More advanced classes are conducted as well, and must be reserved in advance. Snowshoeing and cross country skiing are available December to March. All other retail stores offer fly casting and kayaking and stand-up paddleboarding.
