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

Retrieved on: 
Thursday, March 7, 2024

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.

Arcutis and Sato Announce Strategic Collaboration and Licensing Agreement for Topical Roflumilast in Japan

Retrieved on: 
Wednesday, February 28, 2024

“We are delighted to partner with Sato, who share our mission to provide meaningful innovation to individuals suffering from immune-mediated skin diseases.

Key Points: 
  • “We are delighted to partner with Sato, who share our mission to provide meaningful innovation to individuals suffering from immune-mediated skin diseases.
  • Topical roflumilast has been shown to effectively clear skin and reduce itch, with a safe and well-tolerated profile.
  • With this collaboration, we believe we can make an impact for individuals suffering from immune-mediated skin diseases in Japan,” said Seiichi Sato, president and chief executive officer, Sato.
  • Sato will be responsible for development, manufacturing, and commercialization of roflumilast cream and roflumilast foam and other topical roflumilast presentations in Japan.

Global trade in the post-pandemic environment

Retrieved on: 
Friday, February 9, 2024

The pandemic triggered the deepest global recession (albeit short-lived) since the Second World War amid large-scale policy support, and led to a sweeping fall in world trade.

Key Points: 
  • The pandemic triggered the deepest global recession (albeit short-lived) since the Second World War amid large-scale policy support, and led to a sweeping fall in world trade.
  • Following the initial COVID-19 shock, trade staged a rapid recovery, but from the second half of 2022 world trade growth started to decelerate markedly and in 2023 it is estimated to have been considerably below its pre-pandemic average.

Duluth Holdings Inc. Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 30, 2023

MOUNT HOREB, Wis., Nov. 30, 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 third quarter ended October 29, 2023.

Key Points: 
  • Updated Fiscal 2023 Outlook for Net Sales, EPS and Adjusted EBITDA
    MOUNT HOREB, Wis., Nov. 30, 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 third quarter ended October 29, 2023.
  • That said, our overall inventory mix is strong with a significantly higher level of newness and 30% less clearance inventory.
  • End of period inventory of $174.0 million represented a 15.0% decrease compared to prior period third quarter.
  • A conference call and audio webcast with analysts and investors will be held on Thursday, November 30, 2023 at 9:30 am Eastern Time, to discuss the results and answer questions.

NEC awarded the Telecom Infra Project's "Silver Badge" for its disaggregated 400G transponder solution

Retrieved on: 
Thursday, October 12, 2023

TOKYO, Oct 12, 2023 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) has been awarded a Requirements Compliant Silver Badge for a 400G transponder solution in support of the Telecom Infra Project's (TIP) Phoenix initiative for developing a transponder architecture that will promote the use of disaggregated, open hardware and software.

Key Points: 
  • TOKYO, Oct 12, 2023 - (JCN Newswire) - NEC Corporation (NEC; TSE: 6701) has been awarded a Requirements Compliant Silver Badge for a 400G transponder solution in support of the Telecom Infra Project's (TIP) Phoenix initiative for developing a transponder architecture that will promote the use of disaggregated, open hardware and software.
  • Phoenix is a white box L0/L1 transponder that operators can deploy on their existing optical line systems to increase network capacity.
  • It is based on disaggregated hardware and software components and is capable of line interface speeds of 400G.
  • "NEC's Phoenix solution represents a significant leap forward in the telecom industry," said Anthony Laing, General Manager of Networking at NEC XON.

STRADVISION Japan Sales Director, Toshihiro Sato Proposes Accelerated Development Process for the Automotive Industry at ReVision Autonomous Driving and ADAS Summit 2023

Retrieved on: 
Wednesday, October 11, 2023

TOKYO, Oct. 11, 2023 /PRNewswire/ -- ReVision Auto&Mobility convened the ReVision Autonomous Driving and ADAS Summit 2023 in Tokyo, Japan, on October 5, to spotlight industry advancements and shape the future of Autonomous Driving and ADAS.

Key Points: 
  • TOKYO, Oct. 11, 2023 /PRNewswire/ -- ReVision Auto&Mobility convened the ReVision Autonomous Driving and ADAS Summit 2023 in Tokyo, Japan, on October 5, to spotlight industry advancements and shape the future of Autonomous Driving and ADAS.
  • Toshihiro Sato, Sales Director of STRADVISION Japan, an automotive industry pioneer in deep learning-based vision perception technology, participated in a panel discussion themed "Key Technologies and Their Impact on Autonomous and ADAS."
  • During this session, Sato introduced a novel approach to expedite the automotive industry's development process.
  • STRADVISION Japan remains committed to being a trustworthy partner, delivering cutting-edge vision AI technology to the Japanese automotive industry."

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.

Romantic comedies, Japanese reality television and New Zealand true crime: the best of streaming this September

Retrieved on: 
Wednesday, August 30, 2023

We have never been more spoilt for choice when it comes to what we can watch on (streaming) television.

Key Points: 
  • We have never been more spoilt for choice when it comes to what we can watch on (streaming) television.
  • But the downside of this gluttony of riches is the sheer overwhelm that can come from having to choose your next show.

Glamorous

    • Netflix Kim Cattrall showed considerable savvy when, rather than rejoin the cast of Sex and the City, she opted to play Madolyn Addison, the dynamic head of beauty brand Glamorous.
    • On the surface this is even frothier than Sex and the City, and some critics have panned it.
    • Glamorous is as camp as Barbie, but far cleverer and more subversive: without a spoiler, it’s worth comparing the way the two end.

Starstruck season three

    • Last season ended with a moment that was equal parts romantic and absurd, as Jessie and Tom reconcile and make out in a pond.
    • But the new season opens with a montage tracing the subsequent two years of moving in together and then drifting apart.
    • Starstruck understands what makes Jessie and Tom interesting to watch: not domestic bliss, but their awkward banter and difficulty overcoming their mismatched quirks, despite their obvious chemistry and attraction.

Far North

    • ThreeNow (New Zealand) and Paramount+ (Australia) The terrific new New Zealand dark comedy Far North dramatises a bizarre meth-smuggling case from 2016, in which a ridiculously inept gang nearly got half a ton of methamphetamine to market, only to be rumbled by the locals.
    • Impeccably shot, and featuring a wonderfully motley assortment of low-rent crims, desperate drug runners, cartel mobsters and salt-of-the-earth locals, Far North is easily one of the best (and funniest) New Zealand shows in years.

Mother and Son

    • ABC iView Mother and Son has long been regarded as one of Australia’s greatest sitcoms.
    • Read more:
      The Mother and Son reboot has fresh things to say about adult children and their ageing parents

      For anyone who has cared for an ageing parent – or faced the diminution of their autonomy as they have aged – Mother and Son still strikes a nerve.

    • In the 2023 Mother and Son, Maggie (Denise Scott) is a free-spirited eccentric who almost burned down the family home while cooking dinner for her grandchildren.

Ai no Sato (Love Village)

    • In the UK, the upcoming show My Mum, Your Dad (an Australian version aired in 2022) is being billed as “middle-aged Love Island”.
    • Ai no Sato, or Love Village, is a take on the stalwart Japanese reality dating format Ainori (Love Wagon).
    • In Ai no Sato, by contrast, contestants (all aged over 35) renovate a house in rural Japan together … and fall in love along the way.
    • I love Ainori, but Ai no Sato takes things to a new level.

Unforgotten season five

    • There are a lot of excellent series out there (Broadchurch, Happy Valley and Karen Pirie are all exceptional).
    • This is perhaps why it took me so long to give Unforgotten a go.
    • Each season begins with the discovery of a murder that the historical crimes unit must solve, led by DCI Cassie Stuart (the wonderful Nicola Walker) and DI Sunil Khan (Sanjeev Bhaskar).
    • Season five sees the departure of Walker and new to the team is DCI Jessica James (Sinéad Keenan).

Beautiful Disaster

    • Prime If Beautiful Disaster, the new film from Cruel Intentions director Roger Kumble, had come out 20 years ago, no one would have paid it much attention.
    • However, streaming in 2023 – now the rom-com has disappeared as a mainstay of Hollywood cinema – there’s something refreshingly delightful about it.
    • At the same time, only sometimes effectively, Beautiful Disaster thinks through questions around erotic power dynamics in a post-#MeToo era, comically centring on the kind of guilt Abby feels regarding her attraction to Travis.

OSIM Unveils South Korean Actor Hyun Bin as Ambassador for Next Generation uDream Pro Well-Being Chair

Retrieved on: 
Monday, July 24, 2023

MALAYSIA, July 24, 2023 - (ACN Newswire) - OSIM, the leading innovator of Wellness Tech products and solutions, has unveiled South Korean actor Hyun Bin as its ambassador for the next generation flagship product - the uDream Pro well-being chair.

Key Points: 
  • MALAYSIA, July 24, 2023 - (ACN Newswire) - OSIM, the leading innovator of Wellness Tech products and solutions, has unveiled South Korean actor Hyun Bin as its ambassador for the next generation flagship product - the uDream Pro well-being chair.
  • The acclaimed actor is partnering OSIM as the company continues to expand its ecosystem of Wellness Tech solutions.
  • Ms Chia Sook Fun, General Manager of OSIM Malaysia said, "We are delighted to welcome Hyun Bin as our ambassador.
  • Hyun Bin said, "A perfect day to me is one that strikes a good balance between work and rest.

Duluth Holdings Inc. Announces First Quarter 2023 Financial Results

Retrieved on: 
Thursday, June 1, 2023

MOUNT HOREB, Wis., June 01, 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 first quarter ended April 30, 2023.

Key Points: 
  • MOUNT HOREB, Wis., June 01, 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 first quarter ended April 30, 2023.
  • Highlights for the First Quarter Ended April 30, 2023
    1See Reconciliation of net loss to EBITDA and EBITDA to Adjusted EBITDA in the accompanying financial tables.
  • The facility will go live in the third quarter and handle over half of our direct order volume in the near-term.
  • Our Men’s business experienced a significant improvement in trend from the prior quarter with growth that was down slightly to last year.