L.L. Bean has a $2 billion goal. It starts with a $50 million bet in Freeport.
L.L. Bean is targeting a $2 billion revenue goal after a decade of stagnant growth. The retailer plans to invest $50 million in renovating its Freeport flagship store. This strategy includes opening new locations and attracting new customers to boost overall sales.
L.L. Bean’s revenue has barely grown in a decade. Now the privately held retailer is betting on new stores, new customers, and a massive renovation to its flagship to change that.
READ NEXT
More on the wire
AI TLDR
The mayor of Fall River reported that two students may have been detained during a recent surge of ICE activity in the South Coast region.
AI TLDR
Three people have been charged in connection with a shooting near Lawrence High School that injured three minors, including a 13-year-old boy.
AI TLDR
A former Lynn police officer, Christopher Gomez, has been indicted on charges of assault and a civil rights violation. The charges stem from allegations of using unreasonable force.