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, Inc. (NASDAQ: DXLG) will release its Q2 2020 financial results on August 27, 2020, before market opening. A conference call hosted by CEO Harvey Kanter and CFO Peter Stratton will follow at 9:00 a.m. ET to discuss the results. Investors can access the live call via the Company's website or by dialing (866) 680-2311 with conference ID: 8157438. Destination XL is the largest retailer for big & tall men's apparel in the U.S. and operates multiple brands and e-commerce sites, focusing on enhancing the shopping experience for its customers.
Destination XL Group (Nasdaq: DXLG) has promoted Ujjwal Dhoot to Chief Marketing Officer effective August 2, 2020. Previously serving as Chief Digital Officer, Dhoot will now oversee brand positioning and marketing initiatives across DXL's digital platforms and over 320 stores. He joined DXL in December 2019, navigating marketing efforts during the pandemic. Dhoot aims to leverage data for personalized marketing and enhance customer engagement. CEO Harvey Kanter praised Dhoot’s marketing skills, emphasizing the company's commitment to serving the Big + Tall consumer market.
Destination XL Group reported a first-quarter net loss of $(41.7) million compared to $(3.1) million in the previous year, reflecting the impact of COVID-19. Total sales fell 49.3% to $57.2 million, while adjusted EBITDA was $(18.9) million, down from $4.8 million last year. As of June 2, 2020, 201 stores were operational, with comparable sales improving from a 70-80% decline to 40%. The company reported a cash balance of $26.1 million and total debt of $96.5 million.
Destination XL Group, Inc. (NASDAQ: DXLG) will release its first quarter 2020 financial results on June 4, 2020, before market open. A conference call hosted by CEO Harvey Kanter and CFO Peter Stratton will follow at 9:00 a.m. ET to discuss the results.
DXL is the largest specialty retailer of big and tall men's apparel, offering a multi-channel shopping experience through retail stores and its e-commerce site DXL.com.