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Duluth Holdings names former Nordstrom exec as CFO


A casual clothing and workwear retailer has ended its hunt for a new finance chief.

Duluth Holdings has appointed Dave Loretta as senior VP and CFO. Loretta will succeed retiring CFO Mark DeOrio.

Prior to joining Duluth Trading, Loretta launched and operated his own company, Pacific Time, LLC, a unique food and beverage business, from 2014 to 2016. Prior to managing his own firm, Loretta held various roles at Nordstrom.

He began his tenure at the department store giant as controller and manager of financial planning and analysis for in 1999. In 2002, he became Nordstrom’s corporate VP and treasurer overseeing treasury, investor relations and corporate development.

In 2009, Loretta became president and CFO of Nordstrom Bank, where he led all financial and operating functions for its proprietary card operations. Here, he was responsible for financial reporting, budgeting, forecasting and long-range strategic planning as well as operational leadership.

Before joining Nordstrom, Loretta was director of planning and analysis for Restoration Hardware. Here, he developed a companywide budgeting, forecasting and reporting process for the retail stores, catalog direct mail and e-commerce.

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