LL Bean’s '08 sales dropped, layoffs to come

Share this article:

In its most recent fiscal year, which ended with the close of February, LL Bean posted a 7.8% decrease in revenue, for a total of $1.5 billion, according to a company spokesperson.

The company expects sales will be down again in 2009 and is bracing for the liklihood of layoffs.

“We are working through the budget process now, and it appears” that layoffs will be taking place, according to Carolyn Beem, company spokesperson.

Share this article:
You must be a registered member of Direct Marketing News to post a comment.
close

Next Article in Direct Line Blog

Sign up to our newsletters

Latest Jobs:


Company of the week

Data Services, Inc. meets the needs of today's data-driven marketer by providing front-end database management and data analytics platforms alongside our expertise in global contact data quality, database building and ongoing maintenance that comes with our 45+ years in business.


Find out more here »