Adds Wholesale Division……
Destination XL Group Inc. is one of the largest specialty retailers for men's big and tall clothing, shoes in extended sizes, accessories, and home & living products for a plus-sized lifestyle. At the end of its fiscal year 2018, the company’s DXL Men’s Apparel chain counted about 245 DXL retail and DXL Outlet stores in the United States, England and Canada. The company also operates over 80 Casual Male XL stores and outlets and Rochester Clothing stores. In early 2017, the company entered the Canadian market with stand alone DXL Men’s Apparel stores at the Harwood Centre on Kingston Rd. West in Ajax and on Britannia Rd. West in the Heartland Town Centre in Mississauga, both in Ontario’s greater Toronto area. The stores are in a 6000 square foot range. Based on the positive results of the first two stores, the chain wants to open another location in the greater Toronto area, possibly for Fall. David George at DEG Consulting is responsible for the company’s site selection in Canada and notes that the stores will operate in the 5000 to 7500 square foot range in large formant projects. In its fiscal year 2018 that ended in early February, Destination XL Group recorded sales of $473.8-million(US), up from the $468-million(US) reported the previous year. Comparable store sales for the 52-weeks were up by 3.1 percent. Acting CEO, David Levin explained that fiscal 2018 was a pivotal year for the company and he adds that the core business is well positioned for continued growth in fiscal 2019. “The fourth quarter also marked a major strategic shift at our company as we officially launched a wholesale division,” he said. “DXL is the industry expert in men’s big and tall apparel. Wholesale allows us to leverage that expertise and offer a turn-key solution to other retailers who cater to the big and tall customer.” He also noted that Harvey Kanter, the former CEO of Blue Nile, has joined the company as the new CEO, as of April 1st, 2019. During fiscal 2019, the company plans to open two new DXL retail stores, rebrand twelve Casual Male XL retail stores to DXL retail stores, and rebrand one Casual Male XL outlet to a DXL outlet store. The company will also close five Casual Male XL retail stores, two of which will be closed in connection with the opening of the two DXL stores, one DXL store and the five remaining Rochester Clothing stores.
Category: Men’s Wear, Big & Tall
Chain Banner: DXL
Company Name: Destination XL Group Inc.
Head Office Address: 555 Turnpike St., Canton, Massachusetts 02021
Tel: 855/746-7395 Fax:
Email: firstname.lastname@example.org Website: www.destinationxl.com
Principal Use: Specialty retailer of men's big and tall apparel.
Introduced: Calvin Margolis and Stanley Berger founded Designs Inc. in 1976. In May 2002, the company acquired Casual Male Big & Tall and took the name Casual Male focusing on large size stores. Following other acquisitions, in 2010, the company opened its first DXL store. Through a license agreement with Sears Canada Inc. reached in early 2004, the company operated Sears Casual Male Big & Tall locations in Sears Canada department stores.
No. of Locations: Over 2400 DXL stores throughout the United States.
Areas of Operation: Worldwide
Types of Locations Preferred: Malls, Destination stores/Large format.
Size Required: 5000 to 7500 sq.ft.
Business Type: Public Company, Corporate stores, International licensing
Company Contacts: Harvey S. Kanter – President, CEO
Peter H. Stratton Jr – Exec. Vice President, CFO, Treasurer
James Davey - Exec Vice President, Chief Marketing Officer
Brian S. Reaves – Exec. Vice President, COO
Real Estate Representatives: DEG Consulting, 573 Lake Dr. East, Willow Beach, Ontario L0E 1S0 (David George – 416/346-2280 email@example.com)
Parent Company: Destination XL Group Inc., Canton, Massachusetts
Related Retail Chains: Rochester Clothing, Casual Male XL
Last Report: Developers & Chains #1840