1967 | Retail, Trade
Retail, Trade
L. L. Bean dies at his Miami Shores, Fla., winter home February 5 at age 94, leaving a family mail-order and retail-store business at Freeport, Me. Annual sales have reached $3.5 million (see 1951), they will reach $121 million in 1980, the company will move that year into a new factory and distribution center on the outskirts of town with a payroll of 1,472 people, and it will grow to have more than $1 billion in sales.
Master Charge card holders number 5.7 million and charge $312 million worth of purchases (see 1966). By 1976 there will be 40 million Master Charge card holders and they will run up bills of $13.5 billion.