Duluth Trading Company

Duluth Holdings Inc. Announces Fourth Quarter and Fiscal 2023 Financial Results

Retrieved on:

Thursday, March 7, 2024

Conference call, Woman, Investment, Growth, Deferral, Duluth Trading Company, Adjustment, Conference, Capital expenditure, Fire hose, Public expenditure, Eastern Time Zone, EPS, Depreciation, Satō

MOUNT HOREB, Wis., March 07, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal fourth quarter and fiscal year ended January 28, 2024.

Key Points:

Fourth quarter Net Sales increased 1.6% year-over-year to $245.6 million; diluted EPS of $0.21
MOUNT HOREB, Wis., March 07, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal fourth quarter and fiscal year ended January 28, 2024.
President and CEO Sam Sato commented, “While fiscal 2023 was a challenging year as consumers remained selective in their discretionary spend, our fourth quarter was highlighted by growth in both the Duluth and AKHG brands driven by our women’s business which registered year-over-year growth of 12%.
Direct-to-consumer net sales increased by 8.9% to $172.2 million compared to the fourth quarter last year driven by higher conversion rates and greater penetration of mobile.
The Company ended the quarter with a cash balance of approximately $32.2 million, net working capital of $78.5 million and no outstanding Duluth Trading bank debt.

Duluth Holdings Inc. Announces Appointment of Heena Agrawal as Chief Financial Officer

Retrieved on:

Tuesday, January 23, 2024

Senior, Procter & Gamble, Male, CFA, UL (safety organization), Business, Duluth Trading Company, Communication, CPA, Procter, MBA, Acquisition, Kontoor Brands, Indiana University, Management

MOUNT HOREB, Wis., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced the appointment of Heena Agrawal as Senior Vice President and Chief Financial Officer, effective February 12, 2024.

Key Points:

MOUNT HOREB, Wis., Jan. 23, 2024 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced the appointment of Heena Agrawal as Senior Vice President and Chief Financial Officer, effective February 12, 2024.
Ms. Agrawal is a proven executive with over 20 years of finance and leadership experience.
Ms. Agrawal has engaged on a regular basis with executive teams and boards, as well as investor relations liaisons and vendor partners.
Duluth Trading is uniquely positioned to expand their reach and I am excited to leverage my extensive experience and business acumen to drive the company’s next phase of growth profitably,” said Heena Agrawal.

Make Merry Monumental This Year with Duluth Trading Co's Holiday Sales & Deals

Retrieved on:

Tuesday, November 21, 2023

Fire hose, Chills, Yank tank, Duluth Trading Company, Cyber Monday, Black Friday, Travel, Payment card, Online shopping, Wool

MOUNT HOREB, Wis., Nov. 21, 2023 /PRNewswire/ -- The Wisconsin-based lifestyle brand Duluth Trading Co. is celebrating the most wonderful time of the year early by kicking off a series of deals for Thanksgiving, Black Friday and Cyber Monday. With the aim of making the holiday season a little more budget-friendly, the limited-time sales offer Duluth's very best gifts and best-selling products at an incredible value, making it customers' one-stop-shop for gifting and saving.

Key Points:

Before preparing the traditional Thanksgiving Day feast on Nov. 23, Duluth Trading Co. invites customers to start the season in comfort and style.
Customers who shop on the holiday can enjoy 40% off their entire order, from durable workwear to underwear and cozy winter essentials.
Black Friday (Nov. 24) is set to be a workwear wonderland at Duluth Trading Co.
Browse all of Duluth Trading's holiday offerings on duluthtrading.com/gifts or in one of the 60+ store locations across the country.

TBA Worldwide Acquires Social Media and Influencer Marketing Specialty Agency, Joybyte

Retrieved on:

Wednesday, November 1, 2023

Duluth Trading Company, E-commerce, Social media, News, Acquisition, Growth, Wham-O, TBA, Culture, Accounting

CHARLESTON, S.C., Nov. 1, 2023 /PRNewswire-PRWeb/ -- TBA Worldwide, a rapidly growing network of data-driven advertising agencies and specialty marketing firms, including Brandon, the largest independently owned integrated marketing firm in the Carolinas, is pleased to announce its acquisition of Joybyte. Joybyte is an integrated social growth service designed and built for eCommerce clients in the TikTok era. Its client roster includes Duluth Trading Company, Whamo, Frooze Balls, Jordan Craig, Vessel Golf and more.

Key Points:

TBA Worldwide, a rapidly growing network of data-driven advertising agencies and specialty marketing firms, including Brandon, the largest independently owned integrated marketing firm in the Carolinas, is pleased to announce its acquisition of Joybyte.
It's a fantastic fit within the TBA Worldwide network of services with many opportunities to offer Joybyte's services to our existing clients," - Scott Brandon, CEO of TBA Worldwide
Founded in 2019, Joybyte is a team-based social media and influencer marketing agency on a mission to help direct-to-consumer brands unlock the full brand-building potential of social media.
"Joybyte brings a very specific expertise with scalable social solutions and a strong growth trajectory," said Scott Brandon, chief executive officer of TBA Worldwide.
Together, we envision a future where our combined expertise sets new benchmarks in the realm of social media and influencer marketing."

Duluth Trading Co. Celebrates One Warm Coat Day with Nationwide Coat Drive

Retrieved on:

Thursday, October 12, 2023

Partnership, Duluth Trading Company, Work

MOUNT HOREB, Wis., Oct. 12, 2023 /PRNewswire/ -- Wisconsin-based lifestyle brand, Duluth Trading Co., and national nonprofit organization, One Warm Coat, are partnering to share warmth with people in need this Fall. Now through Friday, October 20, the two brands are hosting a nationwide coat drive at each of Duluth Trading's 65 retail stores, inviting community members to bring in new or gently worn outerwear items for donation.

Key Points:

"Duluth Trading Co. is proud to partner with One Warm Coat and support its work in providing coats to those in need this season," said Sam Sato, President and CEO at Duluth Trading.
"We hope these events at Duluth Trading stores help provide warmth and comfort to folks in our communities, and also inspire Duluth Trading employees and customers to get involved in the effort."
Additionally, ahead of One Warm Coat Day, a national day of awareness and activation on October 17, Duluth Trading has committed to donating $25,000 directly to One Warm Coat, allowing the organization to warm 25,000 people in need and help create further impact on its mission.
To find a Duluth Trading store near you, visit www.duluthtrading.com/find-stores , and to learn more about One Warm Coat's mission and work, visit https://www.onewarmcoat.org/ .

Duluth Trading Co. Boosts Product Development Efficiency with Centric PLM

Retrieved on:

Monday, October 2, 2023

PLM, Confusion, Gibson, Growth, Duluth Trading Company, Centric, Woman, Industrial design

CAMPBELL, Calif., Oct. 2, 2023 /PRNewswire-PRWeb/ -- Centric Software® is delighted to announce the release of a success story about its customer, Duluth Trading Co. 

Key Points:

CAMPBELL, Calif., Oct. 2, 2023 /PRNewswire-PRWeb/ -- Centric Software® is delighted to announce the release of a success story about its customer, Duluth Trading Co.
Brigid Gibson, Product Continuity Manager at Duluth Trading Company and the PLM manager for the company, talks about how they had multiple versions of files, sketches, tech packs which inevitably led to confusion and errors.
"We were developing product, but it wasn't very efficient for the growth that we were trying to build with Duluth."
Find out how else Centric PLM has streamlined workflows, including the way vendors work with Duluth, faster time-to-market and what about Centric PLM garners executive support.

Duluth Trading Company Implements Manhattan Active® Warehouse Management at New State-of-the-Art Georgia Distribution Center

Retrieved on:

Monday, September 18, 2023

Manhattan Associates Inc. (NASDAQ: MANH) today announced that Duluth Trading Company , a renowned casualwear, workwear and accessory retailer for men and women, has successfully implemented Manhattan Active® Warehouse Management at its new distribution and fulfillment facility in Adairsville, Georgia.

Key Points:

Manhattan Associates Inc. (NASDAQ: MANH) today announced that Duluth Trading Company , a renowned casualwear, workwear and accessory retailer for men and women, has successfully implemented Manhattan Active® Warehouse Management at its new distribution and fulfillment facility in Adairsville, Georgia.
Known for its high-quality products and innovative designs, Duluth Trading Company is set to modernize its distribution operations.
The retailer invested $53 million to build its first-ever automated distribution and fulfillment center and selected Manhattan Active Warehouse Management to drive and optimize operations.
“We are thrilled to partner with Duluth Trading Company on its successful implementation of Manhattan Active Warehouse Management at their new, state-of-the-art Adairsville distribution center,” said Stewart Gantt, executive vice president, professional services at Manhattan Associates.

Ovative Group Named Media Agency Partner for Minnesota Timberwolves and Lynx

Retrieved on:

Thursday, September 21, 2023

Minnesota Timberwolves, Partnership, Marketing, EVP, POS, Coach, Sale, Sleep Number, SEM, Gil Oved, Duluth Trading Company, Kate Spade, General Mills, Growth, Lynx

MINNEAPOLIS, Sept. 21, 2023 /PRNewswire/ -- The Minnesota Timberwolves and Lynx, have chosen Ovative Group as their Media Agency Partner.

Key Points:

MINNEAPOLIS, Sept. 21, 2023 /PRNewswire/ -- The Minnesota Timberwolves and Lynx, have chosen Ovative Group as their Media Agency Partner.
Ovative is an independent media and measurement firm based in Minneapolis, Minn. As part of the partnership, Ovative will oversee strategic media planning, buying, and optimization for both teams, including paid search (SEM), paid social, and programmatic media , along with comprehensive reporting.
Serving as a strategic and innovative thought partner, Ovative will become an integral component of the Minnesota Timberwolves and Lynx's journeys towards sustained growth and performance.
Steve Baxter , EVP of Strategic Initiatives at Ovative Group, expressed his enthusiasm about the partnership, emphasizing, "We are so excited to partner with the Minnesota Timberwolves and Lynx as we transition from obsessed fans to passionate extensions of the team.

The Honest Company Announces Appointment of Dave Loretta as Chief Financial Officer

Retrieved on:

Tuesday, September 5, 2023

IPO, Nordstrom, Clean, RH (company), EBITDA, Beauty, CFO, Duluth Trading Company, SVP, Accounting, The Honest Company, Management, Honesty

LOS ANGELES, Sept. 05, 2023 (GLOBE NEWSWIRE) -- The Honest Company, a digitally-native consumer products company dedicated to creating clean- and sustainably-designed products spanning baby care, beauty, personal care, wellness and household care, today announced Dave Loretta, seasoned finance executive, as the Company’s new Chief Financial Officer, effective September 25, 2023.

Key Points:

“I am pleased to have Dave join Honest as our Chief Financial Officer.
Dave’s deep knowledge of premium retailing, consumer-centric digital experiences, investor relations, and core financial fundamentals set him apart.
With more than 25 years of experience, Loretta most recently served as SVP, Chief Financial Officer of Duluth Trading (DLTH).
I look forward to rolling up my sleeves at this pivotal time in the Company's journey and shepherding the financial strategy of the business forward,” said Loretta, incoming Chief Financial Officer of The Honest Company.

Duluth Holdings Inc. Announces Second Quarter 2023 Financial Results and Chief Financial Officer Update

Retrieved on:

Thursday, August 31, 2023

MOUNT HOREB, Wis., Aug. 31, 2023 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading” or the “Company”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s workwear, casual wear, outdoor apparel and accessories, today announced its financial results for the fiscal second quarter ended July 30, 2023.

Key Points:

With the large and growing consumer participation in outdoor recreation, our AKHG apparel collection for men and women represents a significant growth opportunity for Duluth.
A formal search process for the selection of a new Chief Financial Officer has been initiated by the Company.
Until that process is completed, Michael Murphy, VP, Chief Accounting Officer will also serve as Interim Chief Financial Officer, effective September 15, 2023.
“We appreciate Dave’s commitment to Duluth Trading since he joined us in 2017,” said Stephen Schlecht, Chairman of Duluth Trading.