Welcome to our dedicated page for Destination Xl news (Ticker: DXLG), a resource for investors and traders seeking the latest updates and insights on Destination Xl stock.
Destination XL Group, Inc. reports developments as an integrated commerce retailer focused on Big + Tall men's apparel and footwear. The company operates DXL Big + Tall retail and outlet stores, Casual Male XL stores, DXL.com and a mobile app, with a merchandising model that includes national brands, private brands and fit-related technology such as FiTMAP®.
Recurring news for DXLG covers quarterly and fiscal results, earnings calls, assortment strategy, store and digital commerce updates, product and technology launches, and corporate disclosures tied to material agreements, capital structure, governance and shareholder voting matters.
Destination XL Group (NASDAQ: DXLG) will release its fiscal 2026 second-quarter financial results before the market opens on Wednesday, September 9, 2026. Interim CEO Lionel Conacher and CFO Peter Stratton will host a conference call at 9:00 a.m. ET to discuss the results, accessible via pre-registered phone dial-in or live webcast, with a replay available through the company’s investor relations website.
Destination XL Group (NASDAQ: DXLG) appointed current Board Chairman Lionel Conacher as Interim Chief Executive Officer, effective August 12, 2026, following the previously announced retirement of CEO Harvey Kanter on August 11, 2026. Kanter will also leave the Board.
Conacher will remain Board Chairman while stepping down as Audit Committee Chair and Compensation Committee member. According to Destination XL, he will help oversee execution of its profitability strategy and support work on its FiTMAP rollout, AI investments and response to increasing GLP‑1 usage, as well as navigate the pending FullBeauty merger and Zodiac Partners’ unsolicited tender offer. The Board has appointed Carmen Bauza as Lead Independent Director under the company’s corporate governance guidelines.
Destination XL Group (NASDAQ: DXLG) filed a preliminary proxy statement with the SEC regarding its pending merger with FBB Holdings I, known as FullBeauty. The DXL Board re-evaluated the merger since signing the agreement in December 2025, taking into account a more challenging consumer environment, FullBeauty’s indebtedness, concerns about FullBeauty’s potential negative equity value, and the substantial economic dilution DXL stockholders would experience if the merger proceeded on current terms.
Following this review, the DXL Board determined that the merger and related issuance proposal are no longer advisable and not in the best interests of DXL and its stockholders, and it now recommends that stockholders vote “AGAINST” the issuance proposal. The preliminary proxy is available on DXL’s investor website and the SEC’s site, with definitive proxy materials to be mailed ahead of a Special Meeting.
Destination XL Group (NASDAQ: DXLG) announced that its Board, after consulting external legal and financial advisors, unanimously recommends that stockholders reject Zodiac Partners II’s revised, unsolicited tender offer of $0.84 per share in cash and not tender their shares.
The Board believes the modestly increased offer still undervalues DXL and, according to the Board, Zodiac’s repeated offers are highly conditional and opportunistic. Stockholders who already tendered may withdraw their shares any time before the offer expires at 5:00 PM ET on July 24, 2026. The Board’s formal recommendation is detailed in a Schedule 14D-9 filed with the SEC.
Destination XL Group (NASDAQ: DXLG) is reviewing a revised, unsolicited tender offer from Zodiac Partners II to acquire all outstanding DXL shares for $0.84 per share in cash, up from a prior $0.82 offer.
The Board, with independent financial and legal advisors, urges stockholders to take no action until it issues a formal recommendation via an amended Schedule 14D-9 filing with the SEC.
Destination XL Group (NASDAQ: DXLG) updated its pending merger of equals with FullBeauty. The Board has reevaluated the deal and, citing a tougher consumer environment and FullBeauty’s indebtedness, believes current terms are not in DXL stockholders’ best interests. Constructive discussions with FullBeauty continue.
DXL also released Q1 fiscal 2026 results separately and will host a 9:00 a.m. ET earnings call. Guggenheim Securities, Greenberg Traurig and Joele Frank advise DXL.
Destination XL (NASDAQ: DXLG) reported Q1 fiscal 2026 sales of $103.3 million, down 2.1% year over year, with comparable sales down 3.8%.
The company posted a net loss of $5.9 million ($0.11 per diluted share), adjusted net loss of $0.06 per share, adjusted EBITDA of $(0.7) million, and cash and investments of $16.2 million with no debt.
Strategic initiatives include exclusive FiTMAP rights through 2030, rollout to 188 stores with over 100,000 users, and new AI investments in product data and discoverability.
Destination XL (NASDAQ: DXLG) announced that its board, after consulting legal and financial advisors, unanimously recommends shareholders reject Zodiac Partners II’s tender offer of $0.82 per share and not tender shares. A Schedule 14D-9 recommendation was filed with the SEC.
DXL also rescheduled its fiscal Q1 2026 earnings release to June 3, 2026, with a conference call at 9:00 a.m. ET.
Destination XL Group (NASDAQ: DXLG) is reviewing an unsolicited $0.82 per share cash tender offer from Zodiac Partners II, announced May 12, 2026.
The board, working with independent financial and legal advisors and considering its existing merger agreement with FullBeauty, advises shareholders to take no action until it issues a recommendation via a Schedule 14D-9 filing within ten business days.
Destination XL Group (NASDAQ: DXLG) will release its first quarter fiscal 2026 financial results before the market opens on Thursday, May 28, 2026.
President and CEO Harvey Kanter and CFO Peter Stratton will host a live conference call and webcast at 9:00 a.m. ET to discuss the results.