DLTH Duluth Holdings Inc. Class B

Duluth Holdings Inc. Reduces Workforce by 3%

Duluth Holdings Inc. Reduces Workforce by 3%

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

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
 
EN
10/06/2025

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Reports on Duluth Holdings Inc. Class B

 PRESS RELEASE

Duluth Holdings Inc. Announces Second Quarter 2025 Financial Results

Duluth Holdings Inc. Announces Second Quarter 2025 Financial Results Net Income of $1.3 million and Adjusted EBITDA of $12.0 million Gross margin expansion from promotional reset and SG&A leverage from cost control Net liquidity of $73.3 million with inventory down 12% vs. last year MOUNT HOREB, Wisc., Sept. 04, 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, today announced its financial results for the fiscal se...

 PRESS RELEASE

Duluth Holdings Inc. to Report Second Quarter 2025 Financial Results o...

Duluth Holdings Inc. to Report Second Quarter 2025 Financial Results on September 4, 2025 MOUNT HOREB, Wis., Aug. 21, 2025 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, today announced that it will report second quarter 2025 financial results before market on Thursday, September 4, 2025. A conference call and audio webcast with analysts and investors will be held on Thursday, September 4, 2025, at 9:30am Eastern Time to discuss the results and answer q...

 PRESS RELEASE

Duluth Holdings Inc. Reduces Workforce by 3%

Duluth Holdings Inc. Reduces Workforce by 3% 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 ar...

 PRESS RELEASE

Duluth Holdings Inc. Announces First Quarter 2025 Financial Results

Duluth Holdings Inc. Announces First Quarter 2025 Financial Results New leadership focuses on business simplification and brand enablers Company takes action to right size cost structure MOUNT HOREB, Wis., June 05, 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, today announced its financial results for the fiscal first quarter ended May 4, 2025. Summary of the First Quarter ended May 4, 2025 ...

 PRESS RELEASE

Duluth Holdings Inc. to Report First Quarter 2025 Financial Results on...

Duluth Holdings Inc. to Report First Quarter 2025 Financial Results on June 5 MOUNT HOREB, Wis., May 22, 2025 (GLOBE NEWSWIRE) -- Duluth Holdings Inc. (dba, Duluth Trading Company) (“Duluth Trading”) (NASDAQ: DLTH), a lifestyle brand of men’s and women’s casual wear, workwear and accessories, today announced that it will report first quarter 2025 financial results before market on Thursday, June 5, 2025. A conference call and audio webcast with analysts and investors will be held on Thursday, June 5, 2025 at 9:30 am Eastern Time, to discuss the results and answer questions. Live confere...

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