Articles from Destination XL Group, Inc.

Updates Fiscal Year 2024 Guidance

CANTON, Mass., Dec. 23, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc, (NASDAQDXLG), the leading integrated - commerce specialty retailer of Big + Tall men’s clothing and shoes, today confirmed that it has received a non-binding proposal from Fund 1 Investments, LLC to acquire all of the outstanding shares of the Company.

Sales of $107.5 million, Net Loss of $(0.03) per diluted share, Lowers Guidance

Company to Webcast Conference Call Live at 9:00 a.m. ET

Sales of $124.8 million, Net Income of $0.04 per diluted share, Revises Full-Year Guidance

Company to Webcast Conference Call Live at 9:00 a.m. ET

Sales of $115.5 million, Net Income of $0.06 per diluted share, Confirms Lower End of Full-Year Guidance

CANTON, Mass., May 13, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (Nasdaq: DXLG), the largest integrated commerce specialty retailer of Big + Tall men’s clothing and shoes, announced today the launch of a multichannel marketing campaign, developed in collaboration with creative agency Barrett Hofherr and media agency Mediassociates.

Company to Webcast Conference Call Live at 9:00 a.m. ET

CANTON, Mass., April 29, 2024 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (Nasdaq: DXLG), the country's leading retailer specializing in Big + Tall men's clothing and shoes, is excited to announce a strategic collaboration with Nordstrom, Inc., a leading fashion retailer, which will launch on their digital platform. This collaboration marks a significant step in extending DXL’s “fit” expertise and diverse style selection to a new segment of the underserved Big + Tall consumer.

Full-Year Sales of $521.8 million, Net Income of $27.9 million, $0.43 EPS, Adjusted EBITDA of $55.9 million

Company to Webcast Conference Call Live at 9:00 a.m. ET

Narrows 2023 Full-Year Sales Guidance to $520.0 million to $525.0 million

Sales of $119.2 million, Net Income of $0.06 per diluted share, Provides Updated Guidance

Company to Webcast Conference Call Live at 9:00 a.m. ET

Net Income of $0.18 per diluted share, Adjusted Net Income of $0.23 per diluted share

CANTON, Mass., Aug. 15, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQDXLG), the leading integrated commerce specialty retailer of Big + Tall men’s clothing and shoes in the United States (the “Company”), announced that its Board of Directors (the “Board”) has entered into an amended employment agreement with Harvey S. Kanter to extend the term of his role as the Company’s President and Chief Executive Officer. Mr. Kanter has served as the Company’s President & CEO and as a member of its Board since April 1, 2019.

Company to Webcast Conference Call Live at 9:00 a.m. ET

First Quarter Comparable Sales up 0.6%;First Quarter Net Income $7.0 million, EPS $0.11 per diluted share;Confirms Lower End of Guidance

Company to Webcast Conference Call Live at 9:00 a.m. ET

Reports Second Year of Record Annual Sales with Comparable Sales Growth of 10.9%; Full-Year Sales of $545.8 million, Net Income of $89.1 million, $1.33 EPS, Adjusted EBITDA of $73.8 million

Campaign Aims at Giving Big + Tall Men the Freedom to Choose Their Own Style

Company to Webcast Conference Call Live at 9:00 a.m. ET

CANTON, Mass., Jan. 30, 2023 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQDXLG), the leading integrated commerce retailer of men’s Big + Tall clothing and shoes, announced today that Dara Pauker joined the organization as Chief Operating Officer on January 27, 2023. Ms. Pauker brings over 20 years of strategy and leadership experience, with a particular emphasis on growth initiatives, and has been working with the Company on a long-range strategic growth plan as a consultant since December, 2021. Reporting to Ms. Pauker will be the Chief Stores Officer, Chief Merchandising Officer, SVP Global Sourcing, and SVP Technology.

Updates 2022 Full Year Sales Guidance to Upper Half of Range and Announces New Exclusive Merchandise Brands

 Third Quarter Comparable Sales up 8.7%;Third Quarter EPS $0.16 per diluted share;Raises Fiscal 2022 Sales and Earnings Guidance

Company to Webcast Conference Call Live at 9:00 a.m. ET

CANTON, Mass., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQDXLG), the leading omni-channel specialty retailer of men’s Big + Tall clothing and shoes, announced that Jonathan Sainsbury is joining its team as Chief Digital and Analytics Officer today. Mr. Sainsbury brings 20 years of marketing experience, specifically as it relates to performance marketing, analytics and strategic planning. Mr. Sainsbury spent over 17 years with Blue Nile, an online retailer of fine jewelry, where he was most recently their Chief Strategy Officer and President of International. Prior to that, he held a number of leadership positions, including as Chief Revenue Officer, Vice President and Head of Strategy and Vice President of Marketing. Prior to Blue Nile, Mr. Sainsbury was an associate consultant with the management consulting firm Bain & Company. Most recently, Mr. Sainsbury has led his own consulting business focused on digital growth strategy, with clients spanning direct-to-consumer retail, omni-channel retail and enterprise technology. At DXL, he will be responsible for all digital initiatives across the organization, including building the brand digitally, driving traffic to stores, digital and mobile commerce, the Company’s overarching digital marketing strategy and analytics practice, reporting to the Company’s Chief Marketing Officer. Mr. Sainsbury holds a Bachelor of Arts in physics from Pomona College.