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]. Group 1: Infrastructure Optimization - The new Hagerstown distribution center will serve as the primary U.S. East Coast distribution hub, relocating from Robbinsville, NJ, and will enhance operational efficiencies through a new warehouse management system [1][2]. - The facility will provide an additional 327,000 square feet of capacity, allowing for improved logistics and cost efficiencies [3][6]. Group 2: Strategic Growth Initiatives - This move is part of Lifetime's long-term growth strategy, which includes both organic and inorganic growth opportunities, aimed at modernizing operations for speed and efficiency [2][4]. - The relocation is a proactive measure to manage future expenses, supported by negotiated tax abatements and incentives from the State of Maryland and Washington County [4][6]. Group 3: Leadership Insights - Rob Kay, CEO of Lifetime, expressed optimism about the new facility as a cornerstone for future growth initiatives, emphasizing the importance of distribution centers in the company's operations [3][4].