Duluth Holdings Inc. does business as Duluth Trading Company, a lifestyle brand selling men’s and women’s casual wear, workwear and accessories through its website, catalogs and retail stores. Company news commonly centers on quarterly and annual financial results, gross margin trends, promotional activity, inventory discipline, SG&A leverage and cash-flow measures used by management.
Updates also cover Duluth Trading’s omnichannel retail footprint, including new store openings, and its focus on durable, solution-based apparel and gear for hands-on customers. Product and operating commentary often references assortment priorities, direct-to-factory sourcing, tariff effects and efforts to strengthen the customer base around the brand’s core apparel categories.
Duluth Trading Company (NASDAQ: DLTH) will report its second quarter fiscal year 2020 financial results on September 3, 2020, before market open. A conference call will follow at 9:30 AM ET for analysts and investors to discuss the results. The call can be joined via phone or through a webcast. Investors are encouraged to pre-register for expedited access. Duluth Trading focuses on high-quality casual wear and workwear for a hands-on lifestyle, emphasizing customer satisfaction with a 'No Bull Guarantee.'
Duluth Trading Company (NASDAQ: DLTH) announced the opening of its 63rd store in Springfield, Oregon, located at 3320 Gateway Street. This new store marks the second location in Oregon, catering to the Eugene metro area. The store offers shopping through multiple channels: in-store, curbside, and online, providing local customers access to Duluth Trading's solution-based apparel. Executive Chairman and CEO Steve Schlecht expressed enthusiasm for serving brand fans in the region. Duluth Trading is known for its high-quality casual and workwear for self-reliant individuals.
Duluth Trading Company (NASDAQ: DLTH) announced that CFO Dave Loretta will participate in the Stifel 2020 Virtual Cross Sector Insight Conference on June 9, 2020, at 1:20 PM ET. A live audio webcast of the discussion will be available on the company’s investor website, with a replay accessible afterwards. Duluth Trading is known for its high-quality casual and workwear for both men and women, emphasizing solution-based products and excellent customer service through its unique marketing approach and 'No Bull Guarantee.'
Duluth Trading Company (DLTH) reported Q1 fiscal results, revealing a 3.8% decline in net sales to $109.9 million, primarily due to a 51.8% drop in retail store sales owing to COVID-19 closures. Meanwhile, website and catalog sales surged 31.7%, with a notable 69.0% increase during store closures. The company faced an operating loss of $19.0 million and a net loss of $15.1 million per diluted share. Despite challenges, total net sales for April exceeded last year by 5.3%. The company plans to cut capital expenditures by 50% for the fiscal year.
Duluth Holdings (NASDAQ: DLTH) announced the reopening of 20 retail stores in areas with lifted COVID-19 restrictions. The company has increased its credit line to $150 million and partnered with the American Red Cross to donate 5% of proceeds from key apparel items through May 31, 2020. Duluth Trading also launched a new women's campaign focusing on empowering stories of women. Financial measures include cost reductions and an improved liquidity position with $85 million on its line of credit, $7 million in cash, and $20.5 million accessible via a delayed draw term loan.