Destination XL Group

Destination XL Group, Inc. is engaged in the retail of specialty products. It offers shirts, pants, shorts, outerwear, activewear, suiting, underwear and lounge, shoes, and accessories. It distributes its products under the following brand names: Destination X, DXL, DXL Men's Apparel, DXL Outlets, Casual Male XL, and Casual Male XL Outlets. It operates through the Stores, and Direct Businesses segments. The company was founded by Calvin Margolis and Stanley I. Berger in 1976 and is headquartered in Canton, MA.

Earnings data Q1 2021

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DXLG reports resilient Q1 performance amidst economic challenges

DXLG's Q1 performance reflects resilience in the face of economic challenges, with a focus on strategic initiatives and future prospects. The company's strengths in differentiation, growth orientation, and store remodeling present opportunities for market share expansion. However, DXLG is navigating a period of gross margin decline and softening retail economy.

DXLG reports strong Q2 performance and plans for sustainable growth

DXLG's Q2 earnings call highlighted strong financial performance, future growth plans, and a focus on brand awareness and retail expansion. The company faces challenges in maintaining EBITDA margins and evaluating capital investments, but sees opportunities in increased investment, store openings, and potential impact from new weight loss drugs.

DXLG reports Q3 results, revises guidance, and focuses on growth

DXLG's Q3 call highlighted a focus on controlling margins and inventory levels, revising full-year guidance, and moderating investment view due to economic uncertainties. The company is optimistic about its growth strategy, including the loyalty program and store expansion plans.

Destination XL Group (DXLG) posts robust Q4 results and eyes market expansion

Destination XL Group (DXLG) delivered strong Q4 2022 results, showcasing growth in sales, positive comp sales, and strategic initiatives for big and tall men's fashion.
While facing challenges like macroeconomic headwinds and changing consumer spending habits, DXLG remains focused on differentiation, growth opportunities, and prudent capital allocation.
With a clear brand ethos, commitment to customer experience, and plans for market expansion, DXLG is poised for continued success and shareholder value creation in fiscal 2023.

Destination XL Group reports Q1 growth, plans strategic initiatives

DXLG remains focused on growth, emphasizing personalized communication, increased gross margins, and EBITDA. Despite economic uncertainties, the company plans to invest for future growth, enhance consumer experience, and execute share buybacks.

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CANTON, Mass., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading omni-channel specialty retailer of Big + Tall men's clothing and shoes, today announced the pricing of an underwritten public offering of 5,733,076 shares of common stock by Red Mountain Partners, L.P. at a public offering price of $6.10 per share. The selling stockholder will receive all of the net proceeds from the offering. The Company is not offering any of its shares of common stock and will not receive any of the proceeds from the offering, but will bear certain costs associated with the sale of such shares, other than underwriting discounts and commissions and the expenses of the underwriters. The offering is expected to close on September 14, 2021, subject to customary closing conditions.

Destination XL Group, Inc. Announces Pricing of Offering of Common Stock by Selling Stockholder

CANTON, Mass., Sept. 09, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the leading omni-channel specialty retailer of Big + Tall men's clothing and shoes, today announced the commencement of an underwritten public offering of shares of the Company's common stock by Red Mountain Partners, L.P. The selling stockholder will receive all of the net proceeds from the offering. The Company is not offering any of its shares of common stock and will not receive any of the proceeds from the offering, but will bear certain costs associated with the sale of such shares, other than underwriting discounts and commissions and the expenses of the underwriters. The offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed or as to the actual size or terms of the offering.

Destination XL Group, Inc. Announces Offering of Common Stock by Selling Stockholder

Destination XL Group, Inc. (DXLG) CEO Harvey Kanter on Q2 2021 Results - Earnings Call Transcript

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

Destination XL Group, Inc. to Announce Second Quarter 2021 Financial Results on August 31, 2021

The stock price of Destination XL Group Inc (OTCMKTS: DXLG) increased by 16.72%. This is why it happened.

DXLG Stock Price Increased 16.72%: Why It Happened

Destination XL Group, Inc. (DXLG) CEO Harvey Kanter on Q1 2021 Results - Earnings Call Transcript

Destination XL Group, Inc. to Announce First Quarter 2021 Financial Results on May 27, 2021

Coalition Expands Reach and Impact into the Business Community Coalition Expands Reach and Impact into the Business Community

Destination XL Group, Inc. Joins Nearly 2,000 CEOs in Unprecedented Commitment to Advance Diversity and Inclusion in the Workplace

CANTON, Mass., April 15, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (OTCQX: DXLG), the largest omni-channel specialty retailer of big and tall men's clothing and shoes, announced today that it has appointed Elaine Rubin, 58, to the Company's Board of Directors. She will serve as a director until the Company's next annual meeting of stockholders, at which time she will stand for re-election. With her appointment, the size of the Company's Board of Directors is seven members. Ms. Rubin is currently the founder and president of Digital Prophets Network, LLC, a consumer-centric digital consulting, advisory and placement firm with a network of digital commerce experts that supports the growth of retail and direct-to-consumer businesses.

Destination XL Group, Inc. Appoints Digital Transformation Veteran Elaine Rubin to Board of Directors

Destination XL Group, Inc. (DXLG) CEO Harvey Kanter on Q4 2020 Results - Earnings Call Transcript

CANTON, Mass., March 18, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (OTCQX: DXLG), the largest omni-channel specialty retailer of big and tall men's clothing and shoes, today reported financial results for the fourth quarter and fiscal year 2020.

Destination XL Group, Inc. Reports Fiscal 2020 Fourth-Quarter and Full Year Financial Results

CANTON, Mass., Feb. 19, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (OTCQX: DXLG) announced today that Stacey Jones has been promoted to Chief Human Resources Officer (CHRO), effective February 21, 2021. From 2001 to 2018, Jones held a variety of positions with increasing responsibility in both Retail Operations and Human Resources for DXLG. Since 2018 she has served as DXLG's Vice President, Managing Director of Human Resources.

DXL Group Promotes Stacey Jones to Chief Human Resources Officer

CANTON, Mass., Feb. 18, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (OTCQX: DXLG), the largest omni-channel specialty retailer of big and tall men's clothing, announced today it will release its fourth quarter and fiscal 2020 financial results before the market opens on Thursday, March 18, 2021. 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. ET to discuss the results.

Destination XL Group, Inc. to Announce Fourth Quarter and Fiscal 2020 Financial Results on March 18, 2021

CANTON, Mass., Feb. 05, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (OTCQX:DXLG), the largest omni-channel specialty retailer of big and tall men's apparel, today announced that it has entered into a stock purchase agreement with funds affiliated with a single institutional investor fund manager providing for the purchase and sale of 11,111,111 shares of common stock at an offering price of $0.45 per share. Gross proceeds to the Company are expected to be approximately $5.0 million, before deducting placement agent fees and other estimated offering expenses. The closing of the offering is expected to take place on or about February 9, 2021, subject to the satisfaction of customary closing conditions. The Company intends to use the net proceeds from this offering for working capital and general corporate purposes.

Destination XL Group, Inc. Announces $5 Million Registered Direct Offering

CANTON, Mass., Jan. 11, 2021 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (OTCQX:DXLG), the largest omni-channel specialty retailer of big and tall men's apparel, today announced the following results for the 9-week holiday sales period ended January 2, 2021 (unaudited):

Destination XL Group, Inc. Holiday Sales Results and Guidance

Destination XL recently delisted from the NASDAQ. Despite COVID headwinds, the business has not yet had to add a going concern warning on their financial statements.

Destination XL: Priced For Bankruptcy, Despite Liquidity Runway

OTC Markets Group Inc.

NEW YORK, Dec. 22, 2020 /PRNewswire/ -- OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced Destination XL Group, Inc. (OTCQX: DXLG), a retailer of men's clothing in sizes XL and up, has qualified to trade on the...

OTC Markets Group Welcomes Destination XL Group, Inc. to OTCQX

CANTON, Mass., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest omni-channel specialty retailer of big and tall men's clothing, continues to believe a path for recovery for fiscal year 2021 is in view given its actions and performance to date from the COVID-19 Pandemic.

Destination XL Group, Inc. Looks to Fiscal 2021 for Continued Recovery

CANTON, Mass., Dec. 11, 2020 (GLOBE NEWSWIRE) -- Destination XL Group, Inc. (NASDAQ: DXLG), the largest omni-channel specialty retailer of big and tall men's clothing, today announced that it has notified The Nasdaq Stock Market (“Nasdaq”) of its intention to voluntarily delist its common stock from the Nasdaq Capital Market.

Destination XL Group, Inc. Announces Transition to OTCQX from Nasdaq Capital Market

Destination XL Group, Inc. (DXLG) CEO Harvey Kanter on Q3 2020 Results - Earnings Call Transcript

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

Destination XL Group, Inc. to Announce Third Quarter 2020 Financial Results on November 20, 2020

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The breakneck pace of retail bankruptcies slowed in August, with at least three well-known companies filing for Chapter 11.

These stores could be next to file for bankruptcy

Destination XL Group, Inc. (DXLG) CEO Harvey Kanter on Q2 2020 Results - Earnings Call Transcript

Destination XL Group, Inc. to Announce Second Quarter 2020 Financial Results on August 27, 2020

Big + Tall Apparel Leader Looks to the Future Big + Tall Apparel Leader Looks to the Future

News for Destination XL Group Stock (DXLG)