Duluth Holdings Provides Update Related to COVID-19
March 20 2020 - 8:34PM
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 a business
update related to COVID-19.
Steve Schlecht, Executive Chairman and Chief Executive Officer
of Duluth Trading said, “The health and safety of our employees and
customers is of utmost importance. What’s clear to me is that we
are just at the threshold of the COVID-19 virus working its way
through our society and economy. Under the guidance of local
governments, we recently closed eight stores. Today we made the
decision to temporarily close our remaining stores beginning
tonight at 6:00 p.m. local time. Under the circumstances,
there is no timeline for reopening our Duluth Trading stores, but
we will do so as soon as conditions allow. Until then, please
exercise every precaution for the well-being of your family,
friends and neighbors.”
The Company is taking the following actions to manage through
this challenging situation. Effective March 20, 2020 at 6:00 p.m.
local time, the Company will close its stores nationwide and will
reopen as soon as conditions allow. The Company will support sales
associates with two calendar weeks of pay.
Approximately fifty percent of Duluth Trading’s sales are
generated through its website and shipped directly to customers
from its distribution centers. The Company plans to keep these
mission-critical facilities open with heightened concern for
employee health and safety. Duluth Trading remains fully committed
to serving its customers 24/7 at www.duluthtrading.com.
About Duluth Trading
Duluth Trading is a rapidly growing 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 our products are sold
exclusively 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
www.duluthtrading.com.
Investor and Media Contact:Donni Case (310)
622-8224Margaret Boyce (310) 622-8247Duluth@finprofiles.com
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