Casual Male Plans Growth of DXL Concept
Casual Male reported that net income for the quarter ended Jan. 28 surged to $33.5 million from $5.3 million in the year-ago period. Without a $23 million trademark impairment charge, net income was $5 million in the quarter. The company said it's focused on the expansion of its streamlined DXL concept, with plans to open 35 new stores in 2012. It will close approximately 70 Casual MaleXL and two Rochester Clothing stores during the year.