Lifetime Brands, Inc. Announces New Distribution Center to Build Lifetime's Infrastructure for the Future

Core Viewpoint - Lifetime Brands, Inc. is relocating its East Coast distribution center to a new facility in Hagerstown, MD, which will increase its distribution capacity by 46% to 1.027 million square feet, expected to be fully operational by 2026 [1][3][4] Group 1: Infrastructure and Capacity Expansion - The new Hagerstown distribution center will serve as the primary U.S. East Coast distribution hub, relocating from Robbinsville, NJ, and will add 327,000 square feet of capacity [1][3] - The construction of the Hagerstown Facility is anticipated to be completed by the second quarter of 2026 [1] - The facility is part of a broader strategy to modernize operations and support long-term growth, including both organic and inorganic opportunities [2][4] Group 2: Operational Efficiency and Cost Management - The new distribution center will integrate a new warehouse management system aimed at enhancing service and operational efficiency [2] - The relocation is designed to maximize logistics and freight efficiencies, addressing the evolving market demands and customer expectations [3][4] - The company has negotiated tax abatements and incentives from the State of Maryland and Washington County, which will help mitigate relocation costs and future distribution expenses [4][6] Group 3: Strategic Importance - The relocation is viewed as a critical step in executing the company's multi-year growth initiatives and maintaining operational excellence [3][4] - The strategic move is intended to ensure competitiveness in the market and adapt to changing consumer and retailer shopping preferences [4]