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MOUNT HOREB, Wis. - Duluth Holdings Inc. (NASDAQ:DLTH), a specialty retailer with a market capitalization of $146.4 million, announced it will open a new retail location in Maple Grove, Minnesota on September 25. The store, situated in The Shoppes at Arbor Lakes, will be the company’s fourth in the Twin Cities metro area and sixth overall in Minnesota. According to InvestingPro data, the company’s expansion comes amid challenging market conditions, with revenue declining 6.13% over the last twelve months.
The new 9,500-square-foot location will feature nearly 7,000 square feet of shopping space stocked with the company’s apparel and gear, including popular items such as Fire Hose pants, Heirloom Gardening bibs, and Buck Naked underwear.
"Our retail stores are a critical part of our omnichannel approach to bringing this incredible brand to life and have experienced strong momentum this year," said Stephanie Pugliese, President and CEO of Duluth Trading, in a press release statement. This momentum is reflected in the company’s stock performance, which has surged 79.43% over the past six months. InvestingPro analysis reveals 13 additional key insights about the company’s financial health and market position.
The company plans to celebrate the grand opening on October 4 with several events, including an official ribbon-cutting ceremony with company leadership and local officials. The celebration will also feature the company’s traveling pop-up experience called "The Big Dam Van" and performances by the Timberworks Lumberjack Show.
Duluth Trading, headquartered in Mount Horeb, Wisconsin, sells apparel, accessories, and gear. The company was founded in Duluth, Minnesota in 1989 and has been expanding its physical retail presence alongside its e-commerce operations. With a current ratio of 1.44, the company maintains sufficient liquidity to meet its short-term obligations, though InvestingPro’s comprehensive analysis indicates some challenges in its overall financial health. Investors can access detailed insights and the full Pro Research Report, which provides an in-depth analysis of the company’s financial position and growth prospects.
The Shoppes at Arbor Lakes, where the new store will be located, is described as Minnesota’s first lifestyle center, featuring over 60 retailers in a walkable setting in Maple Grove.
In other recent news, Duluth Holdings has reported a substantial improvement in its financial performance for the second quarter of 2025. The company announced an adjusted earnings per share of $0.03, significantly exceeding the anticipated loss of $0.10. Additionally, Duluth Holdings’ revenue reached $131.7 million, surpassing the expected $124.04 million. Baird has upgraded Duluth Holdings’ stock rating from Neutral to Outperform, citing improved profitability and stronger-than-expected quarterly results. The firm’s revenue exceeded Baird’s estimate by 11%, and its gross profit beat expectations by 17%. Furthermore, Duluth Holdings reported an adjusted EBITDA of $10.8 million, which was well above Baird’s projection of $3.7 million. These recent developments highlight the company’s notable financial progress and the positive outlook from analysts.
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