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Duluth Holdings Inc . (NASDAQ:DLTH), a retail company with a market capitalization of $83 million and annual revenue of $613 million, reported that Eli M. Getson, Senior Vice President and Chief Merchandising Officer, has informed the company of his decision to resign. According to a press release statement included in a filing with the Securities and Exchange Commission, Mr. Getson will leave the company effective August 1, 2025, to pursue new employment opportunities.
The company, which operates in the retail apparel and accessory sector, acknowledged Mr. Getson’s contributions during his tenure. Duluth Holdings is based in Mount Horeb, Wisconsin.
No additional details regarding the transition or a successor were provided in the SEC filing. The company’s next earnings report is scheduled for August 28, 2025, where investors will likely seek updates on the transition plan and overall business strategy.
In other recent news, Duluth Holdings Inc. reported its financial results for the first quarter of 2025. The company posted an adjusted earnings per share (EPS) loss of $0.32, which was better than the anticipated loss of $0.38. However, revenue came in at $102.7 million, falling short of the expected $105.54 million. Additionally, Duluth Holdings announced a workforce reduction of 51 employees, representing about 3% of its total workforce. This move is part of a broader strategy to streamline operations and focus on brand awareness and customer service. The expense associated with this reduction is estimated to be under $1 million. These developments are part of Duluth’s ongoing efforts to enhance its market presence and financial health.
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