Destination XL Group

Destination XL Group, Inc. to Announce First Quarter 2024 Financial Results on May 30, 2024

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星期四, 五月 9, 2024
Shoe, Webcast, Destination XL Group, PIN, Broadcasting

CANTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men’s clothing and shoes, announced today it will release its first quarter of fiscal 2024 financial results before the market opens on Thursday, May 30, 2024.

Key Points: 
  • CANTON, Mass., May 09, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men’s clothing and shoes, announced today it will release its first quarter of fiscal 2024 financial results before the market opens on Thursday, May 30, 2024.
  • President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m.
  • Participants can join by conference call or webcast:
    To participate in the conference call, please pre-register at: https://register.vevent.com/register/BI15303969a7324417ab612648ffe1c40c .
  • A replay of the event will be available at the above webcast link or in the "Events" section of the Company's website at https://investor.dxl.com .

Destination XL Group, Inc. Reports Fiscal 2023 Fourth Quarter and  Full-Year Financial Results

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星期四, 三月 21, 2024
E-commerce, Untuckit, Destination XL Group, Comparable, Tax, Growth, Male, Capital expenditure, History, NOL, Shoe, Investment, Interest, Depreciation, Income tax, DXL, Marketing, Corporation, Security (finance)

Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.

Key Points: 
  • Comparable sales for the fourth quarter decreased 10.1% as compared to the fourth quarter of fiscal 2022.
  • For the 14-week fourth quarter of fiscal 2023, total sales were $137.1 million as compared to $143.9 million for the 13-week fourth quarter of fiscal 2022.
  • SG&A expenses for the fourth quarter of fiscal 2023 were 38.5% of sales, compared with 37.8% in the fourth quarter of fiscal 2022.
  • Interest income for the fourth quarter of fiscal 2023 was $0.7 million, as compared to interest income of $0.1 million for the fourth quarter of fiscal 2022.

Coon Rapids Welcomes DXL: A New Destination for Big + Tall Men's Apparel

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星期六, 三月 23, 2024
COON, Clothing, Tall, Shoe, Lucky Brand Jeans, Destination XL Group, DXL, Collection, Nautica

COON RAPIDS, Minn., March 23, 2024 /PRNewswire-PRWeb/ -- The Coon Rapids DXL store offers an opportunity for Big + Tall men to explore an extensive collection of brands and styles that fit them perfectly. Alongside in-house collections, the store will feature exclusive brands including vineyard vines, Nautica, and Reebok, and many other top brands like Polo Ralph Lauren, Psycho Bunny, Lucky Brand, and more.

Key Points: 
  • Destination XL Group, Inc. (Nasdaq: DXLG), the premier integrated-commerce retailer of Big + Tall men's clothing and shoes, is thrilled to announce the opening of its newest location in Coon Rapids, MN a suburb of the Minneapolis market.
  • Located at Riverdale Village, 12761 Riverdale Blvd NW, Coon Rapids, MN, this launch signifies DXL's continued expansion, marking its fourth store debut.
  • This underscores the company's dedication to enhancing the availability of high-quality Big + Tall apparel.
  • COON RAPIDS, Minn., March 23, 2024 /PRNewswire-PRWeb/ -- The Coon Rapids DXL store offers an opportunity for Big + Tall men to explore an extensive collection of brands and styles that fit them perfectly.

Destination XL Group, Inc. Hires Real Estate Advisory Firm Beta Agency to Expand Retail Footprint

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星期三, 三月 20, 2024
Partnership, DXL, Clothes horse, Tall, Destination XL Group, Retail

CANTON, Mass., March 20, 2024 /PRNewswire-PRWeb/ -- The partnership with Beta Agency is set to enhance DXL's expansion plans, with the opening of nine new stores in 2024. This move is aligned with DXL's commitment to making high-quality, Big + Tall apparel easily accessible to all Big + Tall men.

Key Points: 
  • Destination XL Group, Inc. (Nasdaq: DXLG), the leading retailer specializing in men's Big + Tall apparel, is excited to announce its strategic hiring of the real estate firm Beta Agency, a renowned commercial real estate brokerage known for its expert advisory services.
  • This collaboration marks a significant milestone in DXL's retail growth strategy, aiming to grow the company's footprint in prime locations that resonate with the brand's Big & Tall audience.
  • CANTON, Mass., March 20, 2024 /PRNewswire-PRWeb/ -- The partnership with Beta Agency is set to enhance DXL's expansion plans, with the opening of nine new stores in 2024.
  • "Our partnership with Beta Agency is a game-changer for DXL, enabling us to accelerate our retail footprint buildout with a data-driven approach to retail location strategy."

DXL Signs Barrett Hofherr & Mediassociates as Agencies of Record to Launch Brand Campaign

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星期二, 三月 19, 2024
DXL, Freedom, Movement, Tall, Human, Destination XL Group

CANTON, Mass., March 19, 2024 /PRNewswire-PRWeb/ -- Both Barrett Hofherr and Mediassociates will work closely to roll out an omnichannel marketing campaign with the goal of increasing awareness and increasing DXL's share of voice in the Big & Tall space. The campaign will underscore DXL's commitment to providing the Big + Tall man with the freedom to choose his own style while attracting new customers to DXL and reaffirming the choice existing customers have already made.

Key Points: 
  • Both agencies will work hand-in-hand to launch DXL's new brand campaign in Spring 2024, setting the stage for the next chapter of the Company's "Wear What You Want℠" mission.
  • CANTON, Mass., March 19, 2024 /PRNewswire-PRWeb/ -- Both Barrett Hofherr and Mediassociates will work closely to roll out an omnichannel marketing campaign with the goal of increasing awareness and increasing DXL's share of voice in the Big & Tall space.
  • "It's more than just a campaign; it's a movement that will amplify our voice, elevate brand awareness, and, ultimately, create a pathway for new customer engagement."
  • DXL's CEO, Harvey Kanter, expressed his enthusiasm about the relationship, "This collaboration with Barrett Hofherr and Mediassociates represents a strategic leap forward in our brand evolution.

Destination XL Group, Inc. to Announce Fourth Quarter and Fiscal 2023 Financial Results on March 21, 2024

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星期五, 二月 23, 2024
Shoe, PIN, Destination XL Group, Webcast, Broadcasting

CANTON, Mass., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men’s clothing and shoes, announced today it will release its fourth quarter and fiscal 2023 financial results before the market opens on Thursday, March 21, 2024.

Key Points: 
  • CANTON, Mass., Feb. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men’s clothing and shoes, announced today it will release its fourth quarter and fiscal 2023 financial results before the market opens on Thursday, March 21, 2024.
  • President and Chief Executive Officer Harvey Kanter and Executive Vice President, Chief Financial Officer, and Treasurer Peter Stratton will host a conference call the same morning at 9:00 a.m.
  • Participants can join by conference call or webcast:
    To participate in the conference call, please pre-register at: https://register.vevent.com/register/BI9d8547dc783d4a1a977f7e260da59481 .
  • A replay of the event will be available at the above webcast link or in the "Events" section of the Company's website at https://investor.dxl.com .

DXL's Newest Store in Pasadena, CA Gives Big + Tall Men More Style Options Than Ever Before

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星期五, 二月 2, 2024
Multimedia, DXL, Hastings Ranch, Pasadena, California, Destination XL Group, Nautica, Shoe, Lucky Brand Jeans, Clothing, Collection

CANTON, Mass., Feb. 2, 2024 /PRNewswire-PRWeb/ -- The new store in Pasadena, California is a game-changing experience for Big + Tall customers, giving them the freedom to shop in a store that offers the largest assortment of brands and styles they want, which are precisely sized by DXL for the Big + Tall man. Offering a meticulously curated collection, from exclusive designers and brands not found anywhere else, like vineyard vines, Nautica and Reebok, to well-known names like Polo Ralph Lauren, Psycho Bunny, Lucky Brand, and more, DXL stands as the ultimate haven destination for a wide range of Big + Tall men's clothing, from casual sportswear looks to business casual and dresswear.

Key Points: 
  • Destination XL Group, Inc. (Nasdaq: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men's clothing and shoes, announced today a new store opening in Pasadena, CA.
  • The store is located at Hastings Ranch Shopping Center, 3725 E Foothill Blvd, Pasadena, CA.
  • This marks the third new store opening for DXL over the last four months, and the third of eleven planned over fourteen months, as DXL continues to drive an opportunity to serve the Big + Tall man with additional new store openings throughout FY2024.
  • CANTON, Mass., Feb. 2, 2024 /PRNewswire-PRWeb/ -- The new store in Pasadena, California is a game-changing experience for Big + Tall customers, giving them the freedom to shop in a store that offers the largest assortment of brands and styles they want, which are precisely sized by DXL for the Big + Tall man.

Destination XL Group, Inc. Reports Holiday Sales Results

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星期一, 一月 8, 2024
Destination XL Group, DXL, Comparable, Shoe, Erosion, Projection, Bank statement, Tax, Depreciation, GAAP, Adjustment

CANTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men’s clothing and shoes, today announced the following results for the 9-week holiday sales period ended December 30, 2023 (unaudited):

Key Points: 
  • CANTON, Mass., Jan. 08, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men’s clothing and shoes, today announced the following results for the 9-week holiday sales period ended December 30, 2023 (unaudited):
    Total sales were $102.4 million compared to $111.7 million for the 9-week holiday sales period ended December 31, 2022.
  • Comparable sales for the same 9-week holiday period decreased 8.7%, with comparable sales decreases of 7.6% from stores and 10.9% from the direct business.
  • “Our sales results for the 9-week holiday period were disappointing, but not unexpected.
  • We started the quarter with a high, single-digit negative comp and that is exactly where we ended the holiday period.

Destination XL Group, Inc. Reports Third Quarter Financial Results

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星期五, 十一月 17, 2023
EBITDA, Untuckit, Investment, Destination XL Group, Clothes horse, Public expenditure, Comparable, Marketing, Supplement, Shoe, Customer, Total, Growth, Interest, SERP, Human, DXL, Retail, Video game, Security (finance), Payment card, Drug

Total sales for the third quarter were $119.2 million, down 8.1% from $129.7 million in the third quarter of fiscal 2022.

Key Points: 
  • Total sales for the third quarter were $119.2 million, down 8.1% from $129.7 million in the third quarter of fiscal 2022.
  • Comparable sales for the third quarter of fiscal 2023 decreased 6.7% as compared to the third quarter of fiscal 2022.
  • "Despite this challenging quarter, we remain disciplined and committed to the strategy and initiatives of which we have spoken previously.
  • Adjusted EBITDA, a non-GAAP measure, for the third quarter of fiscal 2023 was $8.6 million, as compared to $16.4 million for the third quarter of fiscal 2022.

DXL Group, Inc. Awarded #1 Omni-Channel Retailer by Total Retail

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星期四, 十二月 7, 2023
Omnichannel, Destination XL Group, Total, Shoe, Clothing, DXL, XL, Freedom, Retail

CANTON, Mass., Dec. 7, 2023 /PRNewswire-PRWeb/ -- Exceptional Omni-Channel Services #1 Ranked - Top 100 Omni-Channel Retailers by Total Retail Total Retail awarded DXL #1 of the top 100 omni-channel retailers. "Destination XL was the only retailer in this year's assessment to earn 100 percent of the available points for its omnichannel services. Destination XL has committed itself to improving its customers' shopping experiences, and it's paying off," according to Total Retail.

Key Points: 
  • Destination XL Group, Inc. (Nasdaq: DXLG), the leading integrated-commerce specialty retailer of Big + Tall men's clothing and shoes, proudly announces its recognition as the #1 omni-channel retailer by Total Retail.
  • This accolade underscores DXL's dedication to serving the unique needs of the Big + Tall community through innovative retail strategies.
  • Total Retail awarded DXL #1 of the top 100 omni-channel retailers.
  • Destination XL has committed itself to improving its customers' shopping experiences, and it's paying off," according to Total Retail.