Duluth Trading reports revenue gains
BELLEVILLE, Wis. — Duluth Holdings Inc. announced sales increased more than 20 percent in fiscal first quarter that ended April 30, 2017. Duluth Holdings does business as Duluth Trading Company, a lifestyle brand of men's and women's casual wear, workwear and accessories. Highlights for the quarter, the company said in a news statement, include:
• Net sales increased 21.9 percent to $83.7 million compared to $68.6 million in the prior-year first quarter
• Gross margin increased 30 basis points to 58.1 percent compared to 57.8 percent in the prior-year first quarter
• 29th consecutive quarter of increased net sales year-over-year
During the quarter, the company opened new retail stores in Noblesville, Ind., Burlington, Mass., Macomb, Mich, and Warwick, R.I. The company plans to open a store in Red Wing later this year.