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February 09, 2016 7:07 AM ET

Textiles, Apparel and Luxury Goods

Company Overview of L.L.Bean Inc.

Company Overview

L.L.Bean Inc. manufactures and markets apparel and outdoor equipment. The company offers shirts, sweaters, pants, outerwear, sleepwear and robes, jeans, sweatshirts, shorts, long underwear and base layers, swimwear, and blazers for men; and outerwear, shirts, sweaters, sleepwear and robes, pants, fleece tops and sweatshirts, jeans, skirts and dresses, underwear and long underwear, blazers, shorts, and swimwear for women. It also provides clothes for girls, boys, infants, and toddlers; school backpacks and outdoor gears for kids; and shoes for men, women, girls, boys, infants, and toddlers. In addition, the company offers outdoor gear products, such as camping gears, hiking and backpacking, p...

15 Casco Street

Freeport, ME 04033-0001

United States

Founded in 1912





Key Executives for L.L.Bean Inc.

Chief Executive Officer
Age: 44
Chief Financial Officer
Senior Vice President and General Manager of Retail
Senior Vice President of Direct Channel
General Manager of International New Market Development
Compensation as of Fiscal Year 2015.

L.L.Bean Inc. Key Developments

L.L. Bean Inc. Plans to Open its First Cincinnati Retail Store at the Kenwood Collection

L.L. Bean Inc. announced that it plans to open its first Cincinnati retail store at the Kenwood Collection. L.L. Bean's Cincinnati store will be its third in Ohio following stores in Cleveland and Columbus. L.L. Bean will have its grand opening for its second Ohio store on Nov. 20. The store is in Columbus at Easton Town Center. It has 22 retail stores outside of Maine, plus 10 outlets in locations throughout New England and the Mid-Atlantic region of the U.S.

L.L.Bean Inc. Announces Management Changes

L.L.Bean Inc. is going outside the company for the first time for its new CEO, tapping the chief merchandising and marketing officer of a Chinese e-commerce business. L.L. Bean agreed to hire Stephen Smith from Yihaodian. Smith will take over his duties in January, replacing Chris McCormick, who has served as CEO for 14 years. Smith began his career in New York but moved to Maine in the late 1990's when he joined Resort Sports Network (RSN) where he rose to Vice President of Sales and Marketing. Later, he moved to Hannaford Supermarkets as Director of Marketing. Since then, he has held several executive level roles at both U.S. and internationally based retailers, including Sweetbay Supermarkets and Delhaize Le Lion (sister companies of Hannaford) in Florida and Belgium, and Walmart International subsidiaries, including Sam's Club in China, ASDA in the United Kingdom, and Yihaodian, a pure e-commerce business located in Shanghai.

L.L.Bean Inc. Death of Leon Gorman, Chairman Emeritus

Leon Gorman who led a modernization of L.L.Bean Inc. died on September 3, 2015. Gorman the company as CEO or chairman for 46 years before retiring from L.L. Bean as chairman of the board in 2013. He retained the title of 'chairman emeritus'.

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