retail news in context, analysis with attitude

The Associated Press reports that LL Bean, "coming off record profits and four years of revenue growth," is preparing to invest $100 million "into its website, retail expansion and business systems" - including an eight percent bonus paid to every full-time employee with the company.

The new investment, the story says, will be "the biggest single-year capital investment in the retailer's 102-year history."
KC's View:
I love the idea that management is sharing the wealth a bit, making the people on the front lines feel like they are stakeholders, not just employees. And BTW….I suspect that this is why pretty much everyone I've ever dealt with at LL Bean, in stores or on the phone, has been first class.