/PRNewswire/ -- Casual Male Retail Group, Inc. Fourth Quarter Highlights (4QFY11 vs. 4QFY10) Fiscal 2011 Highlights (FY11 vs. FY10) Fiscal 2012 Outlook For the fiscal year ending February 2, 2013, the Company is projecting, inclusive of the opening of an estimated 35 DestinationXL(R) ("DXL(R)") stores, earnings per share of $0.22 to $0.27, based on the following: David Levin, President and CEO stated, "From a strategic direction, 2011 was a critical year in proving the DXL concept as being the optimal vehicle to service the Company's marketplace. For the next several years, the Company's focus will be on completing the
Casual Male Retail Group Inc., a leading retailer of men's big and tall apparel, has opened a new Destination XL in Phoenix, Ariz. Located at 1701 E. Camelback Road, DXL is a new men's superstore catering to the many fashionable needs of the big and tall man. DXL is a unique, all-inclusive destination offering more than 2,000 styles under one roof from CMRG's four existing apparel businesses, Casual Male XL, Rochester Big & Tall, Shoes XL and B&T Direct. The comprehensive selection of products is intended to appeal to the various lifestyles and socioeconomic groups across the big and
Canton, Mass. -- Casual Male Retail Group reported net income of $5.3 million for its fourth quarter, up from $3.6 million in the year ago period. The retailer also said it will expand its superstore format, Destination XL, with 10 to 14 new stores due to open this year. Sales for the quarter ended Jan. 29 were up 0.7% to $111.5 million, from $110.7 million a year ago. Same-store sales rose 2.9%. In a statement, David Levin, president and CEO, said the company was pursuing expansion of its superstore format based on “the strong initial performance of the DXL
CANTON, Mass., July 8 /PRNewswire-FirstCall/ -- Casual Male Retail Group, Inc. DXL is a unique, all-inclusive concept that will offer a wide range of clothing, shoes and products under one roof from CMRG's four existing apparel businesses. The comprehensive selection of products is intended to appeal to the various lifestyles and socioeconomic groups across the big and tall market. The DXL stores will offer a collection of good, better and best products merchandised by lifestyle, with a focus on servicing the 'end-of-the-rack' department store shopper. The DXL store is also designed to cater to the smaller size area of the
Casual Male Retail Group's chief executive said he hopes the company's new Destination XL stores will increase its market share by attracting the "smaller big-guy." "We do not have a big market share in the smaller sizes and that's a huge win for us if we can get it because it's a high percentage of the big and tall market," Chief Executive David Levin said. The retailer, which operates Casual Male XL retail and outlet stores and higher-end Rochester Clothing stores as well as a catalog and online business, plans to open four Destination XL stores during the fiscal second and third quarters. The stores represent a new direction for the company. Levin said he expects the increased product mix at Destination XL stores to attract a new customer and result in existing customers spending more.