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Freeport-based retailer L.L.Bean has scaled back its plans to open new stores this year from eight to one.
L.L.Bean's newest retail store is slated to open July 24 in Dedham, Mass., making it the retailer's 13th store outside of Maine, according to the Portland Press Herald. The company had planned to open seven other new stores this year, but have put those plans on hold, Carolyn Beem, L.L.Bean spokeswoman, told the paper. Two other stores in New York and Pennsylvania will open next year. L.L.Bean had planned to have a total of 32 retail stores by 2010, but Beem said the company is now "[taking] a wait-and-see approach."
The shaky economic times have taken their toll on L.L.Bean, which saw revenue drop 7.8% to $1.5 billion for the fiscal year ending in February. The company furloughed 150 workers in April.
It would seem that L.L. Bean should be growing the Freeport store. I say this only because A LOT of folks are saying how NICE the Cabella store is.
Take care of your own backyard before you grow out of state ... in my opinion.
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Learn moreThe Giving Guide helps nonprofits have the opportunity to showcase and differentiate their organizations so that businesses better understand how they can contribute to a nonprofit’s mission and work.
Work for ME is a workforce development tool to help Maine’s employers target Maine’s emerging workforce. Work for ME highlights each industry, its impact on Maine’s economy, the jobs available to entry-level workers, the training and education needed to get a career started.
Few people are adequately prepared for all the tasks involved in planning and providing care for aging family members. SeniorSmart provides an essential road map for navigating the process. This resource guide explores the myriad of care options and offers essential information on topics ranging from self-care to legal and financial preparedness.
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