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Duluth Holdings

#9447

Rank

$81.9M

Marketcap

US United States

Country

Duluth Holdings
Leadership team

Mr. Stephen L. Schlecht (Founder & Non-Exec. Chairman)

Mr. Samuel M. Sato (Pres, CEO & Director)

Mr. David Loretta (Sr. VP, CFO & Sec.)

Products/ Services
Fashion, Men's, Textiles
Number of Employees
1,000 - 20,000
Headquarters
Belleville, Wisconsin, United States
Established
1989
Company Registration
SEC CIK number: 0001649744
Net Income
20M - 100M
Revenue
500M - 1B
Traded as
DLTH
Social Media
Overview
Location
Summary
Duluth Holdings Inc. sells casual wear, workwear, and accessories for men and women under the Duluth Trading brand in the United States. It provides shirts, pants, underwear, outerwear, footwear, accessories, and hard goods. The company offers its products under various trademarks, trade names, and service marks, including Alaskan Hardgear, Armachillo, Ballroom, Cab Commander, Crouch Gusset, Dry on the Fly, Duluth Trading Co, Duluthflex, Fire Hose, Longtail T, No Polo Shirt, No Yank, Wild Boar Mocs, and Buck Naked. The company markets its products through its Website, catalogs, and retail stores. As of January 30, 2022, it operated 62 retail stores and three outlet stores. The company was formerly known as GEMPLER'S, Inc. Duluth Holdings Inc. was founded in 1989 and is headquartered in Mount Horeb, Wisconsin.
History

Founding

Originally founded by two brothers, Bob and Dave Fierek, as Portable Products, Inc. in 1989, the company then primarily focused on those working in construction and a tool accessory known as the "Bucket Boss". The business grew to incorporate more tool accessories and storage equipment in a catalog, under the Portable Products banner, with the first headquarters being established on a barge in Duluth, Minnesota soon after. By 1993, the catalog was expanded and entitled Duluth Trading Co.

Expansion

In the mid-1990s, the company switched hands, purchased by Fiskars. In 2000 it was sold again, this time to Gempler's, and moved its headquarters to Belleville, Wisconsin. The company created a successful line of shirts called "Longtail T Shirts" in 2002 which were designed to get rid of plumber's crack. Gempler's was sold in 2003 to Lab Safety Supply and the owners retained Duluth Trading Company. Two years later in 2005, the first women's catalog was released.In 2011, Duluth Trading Company aired its first nationwide ads featuring an angry beaver. Duluth Trading Company's parent, Duluth Holdings, went public in 2015.During the retail apocalypse of the mid-2010s when many physical stores were closing, Duluth Trading Company had outperformed their own expectations and continued to open new locations throughout the United States. Due to its rapid rate of expansion, Duluth Trading Company saw lower revenues in 2017. There are 31 stores as of December 8, 2017, and there are plans for opening 15 more that year. The company will open its first store in the New York Metropolitan Area at The Ramsey Square Shopping Center in Ramsey, New Jersey.

Sponsorship

In 2017, Duluth Trading Company was chosen to be the "Official Off-Sled Outfitter" of the United States luge team. In June 2022, the company was named title sponsor of the Cure Bowl, a postseason college football bowl game.

Mission
At Duluth Holdings, our mission is to provide high-quality goods and services that exceed our customers' expectations, delivered with a smile and a touch of mustache.
Vision
We envision becoming the premier leader in innovative apparel, lifestyle gear, and accessories, delivering superior value to all of our customers.
Key Team

Mr. David S. Homolka (Sr. VP of Talent, DE&I and Retail Operations)

Mr. Michael J. Murphy CPA (VP & Chief Accounting Officer)

Mr. Albert J. Sutera (Sr. VP, Chief Technology Officer & Logistics)

Mr. Richard W. Schlecht (Sr. VP of Product, Merchandising & Inventory)

Ms. Neala Shepherd (Sr. VP of Customer Experience)

Recognition and Awards
Duluth Holdings has been the recipient of several prestigious awards including the Best Place to Work in Wisconsin award in 2018 and 2019, Great Place to Work Certified in 2020, and the Wisconsin Manufacturer of the Year award in 2019.
References

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Duluth Holdings
Leadership team

Mr. Stephen L. Schlecht (Founder & Non-Exec. Chairman)

Mr. Samuel M. Sato (Pres, CEO & Director)

Mr. David Loretta (Sr. VP, CFO & Sec.)

Products/ Services
Fashion, Men's, Textiles
Number of Employees
1,000 - 20,000
Headquarters
Belleville, Wisconsin, United States
Established
1989
Company Registration
SEC CIK number: 0001649744
Net Income
20M - 100M
Revenue
500M - 1B
Traded as
DLTH
Social Media