Duluth Holdings Inc. Reduces Workforce by 3%

Rhea-AI Summary

Duluth Holdings Inc. (NASDAQ: DLTH) announced a workforce reduction of 51 employees, representing 3% of its total workforce, effective June 4, 2025. The lifestyle brand, known for workwear and casual apparel, implemented this measure as part of its expense savings initiatives to streamline operations. The restructuring costs associated with the workforce reduction were minimal, amounting to less than $1 million. This strategic move aims to reduce business complexity while enhancing focus on key areas including brand awareness, solution-based product development, product innovations, and customer service excellence.

Positive

• Restructuring costs are minimal at less than $1 million
• Strategic focus on core business areas including brand awareness and product innovation
• Cost reduction initiative aims to improve operational efficiency

Negative

• 3% workforce reduction affecting 51 employees
• Indicates potential business challenges requiring cost-cutting measures

MOUNT HOREB, Wis., June 10, 2025 (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, announced that as part of its expense savings initiatives to rightsize the business, the Company reduced its workforce by 51 employees, or 3% of its total workforce, on June 4, 2025. The expenses related to the workforce reduction were less than $1 million. The Company’s expense savings actions are designed to reduce complexity in the business and increase the Company’s focus on brand awareness, solution-based product and product innovations, and exceptional customer service.

About Duluth Trading

Duluth Trading is a lifestyle brand for the Modern, Self-Reliant American. Based in Mount Horeb, Wisconsin, we offer high quality, solution-based casual wear, workwear, and accessories for men and women who lead a hands-on lifestyle and who value a job well-done. We provide our customers an engaging and entertaining experience. Our marketing incorporates humor and storytelling that conveys the uniqueness of our products in a distinctive, fun way, and are available through our content-rich website, catalogs, and “store like no other” retail locations. We are committed to outstanding customer service backed by our “No Bull Guarantee” - if it’s not right, we’ll fix it. Visit our website at http://www.duluthtrading.com.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. The forward-looking statements are not historical facts, and are based upon Duluth Trading's current expectations, beliefs, estimates, and projections, and various assumptions, many of which, by their nature, are inherently uncertain and beyond Duluth Trading's control. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. Forward-looking statements speak only as of the date the statements are made. Duluth Trading assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances or other changes affecting forward-looking information except to the extent required by applicable securities laws.

Investor Contact:
Tom Filandro
ICR, Inc.
(646) 277-1200
DuluthIR@icrinc.com

FAQ

How many employees were laid off at Duluth Holdings (DLTH) in June 2025?

Duluth Holdings laid off 51 employees, representing 3% of its total workforce, on June 4, 2025.

What is the cost of Duluth Holdings' (DLTH) workforce reduction in 2025?

The expenses related to the workforce reduction were less than $1 million.

Why did Duluth Holdings (DLTH) reduce its workforce in 2025?

The workforce reduction was part of expense savings initiatives to rightsize the business, reduce complexity, and increase focus on brand awareness, product innovation, and customer service.

What areas will Duluth Holdings (DLTH) focus on after the 2025 restructuring?

The company will focus on brand awareness, solution-based product development, product innovations, and exceptional customer service.