Duluth Holdings Inc.
|Company Name||Duluth Holdings Inc.|
On April 4, 2019, the Company announced disappointing financial results for the period ended February 3, 2019, citing “challenges with systems implementation and late deliveries of product” and “inventory that was misaligned to the timing of sales and not distributed optimally throughout the network.”
On this news, shares of Duluth fell $5.94 per share, or over 25%, to close at $17.60 on April 5, 2019, thereby injuring investors.
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