DULUTH HOLDINGS INC.
For the period ended Feb 2, 2025. Filed Mar 24, 2025.
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FY2025 · Filed Mar 24, 2025
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ITEM 2. PROPERTIES
| ITEM 2. | PROPERTIES |
|---|
Thefollowing table sets forth the location, primary use and size of our leased and owned facilities as of February 2, 2025.
| Location | Number of Stores | Primary Use | Gross Sq Ft | Leased/Owned |
|---|---|---|---|---|
| Retail Stores | ||||
| North East | ||||
| Connecticut | 1 | Store | 9,792 | Leased |
| Maine | 1 | Store | 12,951 | Leased |
| Massachusetts | 1 | Store | 16,360 | Leased |
| New Jersey | 2 | Store | 24,741 | Leased |
| Pennsylvania | 2 | Store | 34,945 | Leased |
| Rhode Island | 1 | Store | 14,528 | Leased |
| Midwest | ||||
| Illinois | 3 | Store | 38,410 | Leased |
| Indiana | 1 | Store | 14,557 | Leased |
| Iowa | 1 | Store | 12,249 | Leased |
| Kansas | 1 | Store | 15,385 | Leased |
| Michigan | 3 | Store | 45,588 | Leased |
| Minnesota | 4 | Store | 61,900 | Leased |
| Missouri | 2 | Store | 27,692 | Leased |
| Nebraska | 1 | Store | 15,757 | Leased |
| North Dakota | 1 | Store | 14,557 | Leased |
| Ohio | 4 | Store | 58,420 | Leased |
| South Dakota | 1 | Store | 9,166 | Leased |
| Wisconsin | 4 | Store | 53,246 | Leased |
| South | ||||
| Alabama | 2 | Store | 31,312 | Leased |
| Arkansas | 1 | Store | 15,656 | Leased |
| Florida | 1 | Store | 14,557 | Leased |
| Georgia | 1 | Store | 20,041 | Leased |
| Kentucky | 2 | Store | 28,582 | Leased |
| North Carolina | 2 | Store | 41,672 | Leased |
| Oklahoma | 1 | Store | 15,536 | Leased |
| Tennessee | 2 | Store | 27,325 | Leased |
| Texas | 6 | Store | 92,212 | Leased |
| Virginia | 2 | Store | 31,828 | Leased |
| West | ||||
| Alaska | 1 | Store | 25,409 | Leased |
| Colorado | 3 | Store | 52,643 | Leased |
| Oregon | 2 | Store | 39,463 | Leased |
| Utah | 1 | Store | 15,602 | Leased |
| Washington | 1 | Store | 15,656 | Leased |
| Leased to Open New Store | ||||
| Kansas City, Missouri | Store | 16,045 | Leased | |
| Other | ||||
| Mount Horeb, WI | Photo Studio | 7,000 | Leased | |
| Belleville, WI | Outlet store | 17,890 | Owned | |
| Oshkosh, WI | Outlet store | 12,777 | Leased | |
| Red Wing, MN | Outlet store | 15,560 | Leased | |
| Mount Horeb, WI | Corporate headquarters | 108,000 | Leased | |
| Kowloon, Hong Kong | Office | 1,855 | Leased | |
| Belleville, WI | Fulfillment center | 220,000 | Owned | |
| Adairsville, GA | Fulfillment center | 494,144 | Leased | |
| Salt Lake City, UT | Fulfillment center | 228,800 | Leased | |
We consider these properties to be in good condition and believe that our facilities are adequate for our operations and provide sufficient capacity to meet our anticipated requirements. The leases on our retail stores expire at various times and are subject to renewal options and rent escalation provisions. As we approach lease renewals for about 25% of our stores through 2026, we are thoroughly evaluating each location for remodel, relocation, or exit based on enhance performance standards.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.