Duluth Holdings Announces Appointment of Dave Loretta as Chief Financial Officer
July 24 2017 - 8:00AM
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 that Dave
Loretta has been appointed Senior Vice President and Chief
Financial Officer. Loretta will succeed retiring CFO Mark
DeOrio and will assume the role of Chief Financial Officer
effective today July 24, 2017.
“We are very pleased to have Dave Loretta join our executive
team as Chief Financial Officer,” said Stephanie Pugliese, Chief
Executive Officer of Duluth Trading. “Dave has over two
decades of financial experience and leadership in the retail
industry, most notably 13 years with Nordstrom, and a proven track
record of creating growth and value where he has been part of the
leadership team. We look forward to using his public company
experience to enhance our corporate and financial strategies and to
help communicate our growth story to investors.”
Prior to joining Duluth Trading, Dave Loretta served four years
as President and Chief Financial Officer of Nordstrom Bank and led
all financial and operating functions for its proprietary card
operations. During his tenure, Loretta was responsible for
financial reporting, budgeting, forecasting and long-range
strategic planning as well as operational leadership. Previously at
Nordstrom, Inc., he served as corporate Vice President and
Treasurer overseeing treasury, investor relations and corporate
development. Before his 13 years with Nordstrom, Loretta was
Director of Planning and Analysis for Restoration Hardware, Inc.
where he developed a companywide budgeting, forecasting and
reporting process for the retail stores, catalog direct mail and
e-commerce. Following his time at Nordstrom, Loretta launched and
operated his own company, Pacific Time, LLC, a unique food and
beverage business, from 2014 to 2016. Loretta earned an MBA from
San Diego State University and a B.A. in Business Economics from
the University of California, Riverside.
Loretta commented, “I am very excited to be joining Duluth at
this point in its young life as a public company. Duluth has
a unique business model that stands out among other retailers,
tremendous brand opportunity and a very talented and dedicated
team. I see great opportunity in continuing to build on its
success of bringing innovative products and experiences to
customers and creating value for shareholders.”
About Duluth Trading
Duluth Trading is a rapidly growing lifestyle brand for the
Modern, Self-Reliant American. Based in Belleville,
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 Contacts:
Donni Case (310) 622-8224
Johan Yokay (310) 622-8241
Duluth@finprofiles.com
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