What's in a name: Casual Male now Destination XL Group
CANTON, Mass. — Casual Male Retail Group, a specialty retailer of big and tall men's apparel and accessories, is changing its corporate name to Destination XL Group Inc. to reflect the company's transition to its Destination XL (DXL) retail stores and DestinationXL.com e-commerce website.
As previously announced, the company's ticker symbol was changed to "DXLG" effective Wednesday, Dec. 5, 2012. The name change will be effective as of Monday, Feb. 25, 2013.
"The transformation to the Destination XL concept provides the company with an exciting opportunity for growth," said David Levin, president and CEO. "Changing our name to Destination XL Group Inc. truly reflects who we are today as we expand the Destination XL concept and rebrand the company as a whole. The 49 Destination XL stores currently in operation and our DestinationXL.com website have already proven to be successful, and we are confident that this transformation will accelerate our long-term sales and profitability."