Duluth Holdings, parent company of Duluth Trading, has been added to the Russell 2000 and Russell 3000 indexes, one month after the Belleville work apparel company held its initial public stock offering.
"We look forward to enhanced visibility to investors as a result of our inclusion," said CEO Stephanie Pugliese.
The Russell funds are commonly used by investment managers as index funds and benchmarks. The Russell 3000 is composed of the 3,000 largest U.S.-based stocks. The Russell 2000 includes companies with a small market capitalization, which refers to the total value of all of a company's stock.