Content about Destination XL Group

March 21, 2014

Destination XL Group plans to open its first store in Manhattan this June and promises the city’s big and tall men an upscale experience at its store on 699 Sixth Avenue.

Destination XL Group plans to open its first store in Manhattan this June and promises the city’s big and tall men an upscale experience at its store on 699 Sixth Avenue.

March 14, 2014

Destination XL Group was disappointed with its performance in the fourth quarter and said contributing factors were sluggish retail environment, a short holiday selling season and adverse weather conditions.

Destination XL Group was disappointed with its performance in the fourth quarter and said contributing factors were sluggish retail environment, a short holiday selling season and adverse weather conditions.

The company reported a net loss of $55.1 million for the quarter, compared to net income of $4.2 million in the year-ago period.

Fourth quarter net sales declined nearly 6% to $108.5 million, from $114.9 million in the prior-year period. However, same-store sales rose 13.6%.

January 31, 2014

Dennis Hernreich, EVP, COO and CFO of Destination XL Group, has resigned and board member John E. Kyees has been named interim CFO. In addition, the company has elected Will Mesdag, 60, to its board of directors.

Dennis Hernreich, EVP, COO and CFO of Destination XL Group, has resigned and board member John E. Kyees has been named interim CFO. In addition, the company has elected Will Mesdag, 60, to its board of directors.

Kyees, who has served on the Destination XL board of directors since 2010, was CFO of Urban Outfitters from 2003 until his retirement in 2010, and has served as a senior financial executive at several other prominent retailers. The company is conducting a search for a permanent CFO.

April 2, 2013

Destination XL Group is engaging the service of CQuotient to create tailored email campaigns for its shoppers.

CAMBRIDGE, Mass. — Destination XL Group is engaging the service of CQuotient to create tailored email campaigns for its shoppers.

March 18, 2013

Net income at Destination XL Group, formerly Casual Male, dropped to $4.2 million from $33.5 million for the fourth quarter in the year-ago period.

CANTON, Mass. — Net income at Destination XL Group, formerly Casual Male, dropped to $4.2 million from $33.5 million for the fourth quarter in the year-ago period.

Fourth-quarter revenue increased to $114.9 million, compared with $111.1 million last year, and same-store sales edged up 0.5%. By brand, DXL stores saw a same-store sales rise of 15% in the quarter, while Casual Male dipped 2.3%.