Destination XL news and archive

Destination XL’s holiday sales improve by 1.4 percent

Destination XL Group, Inc. announced that total sales for the 9-weeks ended January 5, 2019 increased 1.4 percent to 102.7 millions, while comparable sales increased 3.6 percent, which was partially offset by a decrease of 1.6 million dollars from the shift in calendar weeks due to the 53rd week in fiscal 2017. Based on the holiday sales results...

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Destination XL Q3 comparable sales improve 3.4 percent

For its third quarter, Destination XL Group, Inc. reported sales increase of 3.2 percent to 107.1 million dollars. The company said, increase of 3.4 million dollars in total sales was due to a comparable sales increase of 3.4 percent, an increase of 0.7 million dollars in non-comparable sales from DXL stores open less than 13 months, an increase...

Management

Destination XL Q2 comparable sales increase 3.3 percent

Total sales for the second quarter of fiscal 2018 at Destination XL increased 0.9 percent to 122.2 million dollars. The company said, increase of 1.1 million dollars in total sales was due to a comparable sales increase of 3.3 percent or 3.8 million dollars and an increase of 2 million dollars in non-comparable sales from DXL stores open less...

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Lionel Conacher joins Destination XL's board of directors

Destination XL Group, Inc. has appointed Lionel Conacher to its board of directors as a new independent director, effective immediately. Conacher is a Senior Advisor to private equity firm Altamont Capital Partners LLC and currently sits on the boards of Dakine and Mervin Manufacturing. “We are pleased to reach an agreement that brings new...

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Destination XL's Q1 sales increase 5.3 percent

Total sales for the first quarter of fiscal 2018 increased 5.3 percent to 113.3 million dollars at Destination XL. The increase of 5.7 million dollars in total sales, the company said, was primarily due to a comparable sales increase of 2.2 percent and an increase in non-comparable sales of 3.2 million dollars. Hover over the graph to learn...

ManagementFeatured

Destination XL FY17 net loss widens, CEO David Levin to retire this year

Total sales at Destination XL Group for the 14-week fourth quarter of 135.5 million dollars were up 12.9 million dollars or 10.5 percent; while total sales for the 53-week year were 468 million dollars, up 3.9 percent from 450.3 million dollars for the prior year's 52-weeks. Total comparable sales increased 4.3 percent for the quarter and 0.9...

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Destination XL holiday sales up 3.5 percent

Destination XL Group’s holiday sales for the period ended December 30, 2017 increased 3.5 percent to 101.3 million dollars compared to 97.9 million dollars for the same period of the prior year. Comparable sales for the same period increased 3 percent. For November, the company’s total sales increased 2.2 percent to 37.4 million dollars compared...

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Destination XL’s Q3 net loss widens to 5.7 mn dollars

Total sales at Destination XL Group, for the third quarter increased 1.8 percent to 103.7 million dollars, while comparable sales decreased 0.1 percent. Gross margin, inclusive of occupancy costs, was 43.2 percent compared with 44.4 percent for the prior year's third quarter. Net loss was 5.7 million dollars or 0.12 dollar per diluted share...

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Destination XL posts 3.7 million dollars loss in Q2

Destination XL Group Inc. (NASDAQ:DXLG) has reported loss of 3.7 million dollars for its fiscal second-quarter, after reporting a profit in the same period a year earlier. The Massachusetts-based apparel company said it had a loss of 8 cents per share. Losses, adjusted for pre-tax expenses, came to 5 cents per share. The specialty fashion...

Management

Destination XL sales up 1.8 percent in FY16

For the fourth quarter, total sales at Destination XL (DXL) declined 1.1 percent to 122.6 million dollars from 124 million dollars in the fourth quarter of fiscal 2015. For fiscal 2016, total sales increased 1.8 percent to 450.3 million dollars from 442.2 million dollars in fiscal 2015. "Despite the 2016 retail environment being one of the most...

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Better-than-expected quarterly sales boost Destination XL Group’s FY15 guidance

Destination XL Group, Inc. (NASDAQ:DXLG), the largest omni-channel specialty retailer of big and tall men's apparel, has just increased its earnings guidance for fiscal 2015. The specialized apparel group anticipates FY’15 sales to come in at approximately 442 to 442.5 million dollars. “Our DXL retail stores performed very well in the last two...