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.
Duluth Holdings Inc. (NASDAQ: DLTH) ha annunciato una riduzione del personale di 51 dipendenti, pari al 3% della forza lavoro totale, a partire dal 4 giugno 2025. Il marchio lifestyle, noto per l'abbigliamento da lavoro e casual, ha adottato questa misura nell'ambito delle iniziative di risparmio sui costi per ottimizzare le operazioni. I costi di ristrutturazione legati alla riduzione del personale sono stati contenuti, inferiori a 1 milione di dollari. Questa mossa strategica mira a semplificare la complessit脿 aziendale migliorando al contempo il focus su aree chiave come la consapevolezza del marchio, lo sviluppo di prodotti basati su soluzioni, le innovazioni di prodotto e l'eccellenza nel servizio clienti.
Duluth Holdings Inc. (NASDAQ: DLTH) anunci贸 una reducci贸n de plantilla de 51 empleados, lo que representa el 3% de su fuerza laboral total, con efecto a partir del 4 de junio de 2025. La marca de estilo de vida, conocida por su ropa de trabajo y casual, implement贸 esta medida como parte de sus iniciativas de ahorro de gastos para optimizar las operaciones. Los costos de reestructuraci贸n asociados con la reducci贸n de personal fueron m铆nimos, ascendiendo a menos de 1 mill贸n de d贸lares. Esta decisi贸n estrat茅gica busca reducir la complejidad del negocio mientras se mejora el enfoque en 谩reas clave como el reconocimiento de marca, el desarrollo de productos basados en soluciones, la innovaci贸n de productos y la excelencia en el servicio al cliente.
Duluth Holdings Inc. (NASDAQ : DLTH) a annonc茅 une r茅duction de son effectif de 51 employ茅s, repr茅sentant 3 % de son personnel total, effective 脿 partir du 4 juin 2025. Cette marque lifestyle, reconnue pour ses v锚tements de travail et d茅contract茅s, a mis en place cette mesure dans le cadre de ses initiatives d'茅conomie afin d'optimiser ses op茅rations. Les co没ts de restructuration li茅s 脿 cette r茅duction d'effectif ont 茅t茅 minimes, s'茅levant 脿 moins d'un million de dollars. Cette d茅cision strat茅gique vise 脿 r茅duire la complexit茅 de l'entreprise tout en renfor莽ant l'attention port茅e 脿 des domaines cl茅s tels que la notori茅t茅 de la marque, le d茅veloppement de produits ax茅s sur des solutions, les innovations produit et l'excellence du service client.
Duluth Holdings Inc. (NASDAQ: DLTH) gab bekannt, dass ab dem 4. Juni 2025 51 Mitarbeiter entlassen werden, was 3 % der Gesamtbelegschaft entspricht. Die Lifestyle-Marke, bekannt f眉r Arbeits- und Freizeitbekleidung, setzte diese Ma脽nahme im Rahmen ihrer Kosteneinsparungsinitiativen zur Straffung der Abl盲ufe um. Die mit der Personalreduzierung verbundenen Restrukturierungskosten waren gering und beliefen sich auf weniger als 1 Million US-Dollar. Dieser strategische Schritt zielt darauf ab, die Komplexit盲t des Gesch盲fts zu reduzieren und gleichzeitig den Fokus auf Schl眉sselbereiche wie Markenbekanntheit, l枚sungsorientierte Produktentwicklung, Produktinnovationen und exzellenten Kundenservice zu verst盲rken.
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) (鈥淒uluth Trading鈥� or the 鈥淐ompany鈥�) (NASDAQ: DLTH), a lifestyle brand of men鈥檚 and women鈥檚 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鈥檚 expense savings actions are designed to reduce complexity in the business and increase the Company鈥檚 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 鈥渟tore like no other鈥� retail locations. We are committed to outstanding customer service backed by our 鈥淣o Bull Guarantee鈥� - if it鈥檚 not right, we鈥檒l fix it. Visit our website at http://www.duluthtrading.com.
Forward-Looking Statements
This press release includes 鈥渇orward-looking statements鈥� 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
[email protected]
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.
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