Lakeland Industries (LAKE) announced the planned closures of its warehouse facility in Hull, England and its Veridian manufacturing facility in Quitman, Arkansas. These planned actions are part of Lakeland’s broader operational consolidation strategy aimed at enhancing efficiency and reducing costs. The closures are expected to generate annual savings of approximately $1M for the remainder of fiscal year 2026, supporting the Company’s ongoing efforts to streamline global operations and improve profitability. In addition to these closures, Lakeland has identified and is executing further initiatives expected to yield an additional $3M in annualized savings, with the benefits anticipated to materialize in the second half of fiscal 2026. Lakeland remains committed to supporting affected employees through these transitions and to maintaining uninterrupted service to its global customer base. The Company will retain key non-warehouse staff from the Hull facility to continue supporting Lakeland’s industrial operations in the UK and will consolidate production from Quitman into other Lakeland and Veridian facilities.
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