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Catalog retailer L.L. Bean to triple stores by 2020

2015-03-11 18:13:18| Apparel - Topix.net

L.L. Bean, known for selling its trademark boots via catalog for more than a century, plans to make a bigger push into brick-and-mortar retail by more than tripling the number of locations over the next five years, officials said Wednesday. The Maine-based company, which is coming off five years of increasing revenue, will open four stores this year before accelerating growth with a goal of "at least 100" by 2020, President and CEO Chris McCormick told workers in a memo Wednesday.

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