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. (DXLG) serves as the leading specialty retailer for Big + Tall men's apparel, combining physical stores with digital commerce solutions. This news hub provides investors and industry observers with direct access to the company's official communications and market developments.
Track all essential updates through curated press releases covering financial results, store expansions, technology implementations, and product innovations. Our repository ensures timely access to earnings announcements, leadership changes, and strategic partnership details critical for informed analysis.
Key focus areas include quarterly performance updates, omnichannel retail advancements, and exclusive brand collaborations. Users benefit from organized historical context paired with real-time developments, enabling comprehensive tracking of DXLG's market position in the specialty apparel sector.
Bookmark this page for streamlined monitoring of DXLG's operational milestones and financial health indicators. Return regularly to maintain current awareness of this unique retailer's evolving strategies in serving the Big + Tall demographic.
DXL Big + Tall (DXLG) has announced the addition of Haggar® and Dickies® brands to its Big + Tall clothing assortment, which now includes over 80 national brands. The Haggar collection features suit separates, sport coats, dress shirts, and ties, available in select stores and online. The Dickies collection, available exclusively on DXL.com, includes work shirts, T-shirts, pants, shorts, and outerwear.
CEO Harvey Kanter emphasized the strategic move's focus on providing value options while expanding brand offerings to meet customer needs. The Haggar launch is timed to coincide with graduation and wedding seasons, offering affordable tailored clothing options for these occasions.
Destination XL Group (NASDAQ: DXLG) announces the grand opening of its newest store in Riverdale, Utah, marking the company's second store opening this fiscal year and eighth in the past 12 months across the United States. The new location at 1090 W Riverdale Rd features premium brands like Polo Ralph Lauren, Reebok, vineyard vines, Columbia, Levi's, and Nautica.
The store introduces FiTMAP Sizing Technology, an innovative digital scanning system that captures customer measurements to provide accurate size recommendations across DXL's brands. CEO Harvey Kanter emphasizes the company's commitment to serving the Big + Tall market with well-fitting, fashionable clothing options. The store is scheduled to open on April 12, 2025.
DXL Group (DXLG), the Big + Tall men's clothing retailer, has launched two new cost-saving initiatives. The first, Fit Exchange by DXL, introduced in late February, allows customers to donate clothing at any of 250+ DXL Big + Tall or Casual Male XL locations in exchange for a 20% discount on in-store purchases. Donated items will be distributed locally to support community needs.
The second initiative, the DXL Heroes Discount, offers a 15% discount to active military personnel, veterans, first responders, healthcare workers, and teachers, available both in-store and online at DXL.com. This program is implemented in partnership with GOVX, the largest online marketplace serving military and first responders.
Destination XL Group (NASDAQ: DXLG), the largest integrated commerce specialty retailer of Big + Tall men's clothing, reported challenging fiscal 2024 results. Total sales decreased 10.5% to $467.0 million, with comparable sales down 10.6%.
Key financial metrics include:
- Net income of $3.1 million, or $0.05 per diluted share (down from $27.9 million in 2023)
- Adjusted EBITDA of $19.9 million (compared to $55.9 million in 2023)
- Cash and investments of $48.4 million with no outstanding debt
- Free cash flow of $1.9 million (down from $32.2 million)
The company repurchased 4.9 million shares for $13.7 million during fiscal 2024. Despite lower traffic levels and reduced online conversion, DXL maintained strong operational efficiency with a 4.3% adjusted EBITDA margin. The company implemented strategic initiatives including opening seven new stores, upgrading their eCommerce platform, and introducing an improved rewards program.
Destination XL Group (DXLG) announces the grand opening of its new store in Roseville, CA, at Creekside Town Center on February 22, 2025. This marks the company's first store opening of the fiscal year and its eighth location launched in the past 12 months across the United States.
The new store features the company's proprietary FiTMAP Sizing Technology, an innovative digital scanning system that captures 242 unique measurements and provides custom clothing options. The location offers exclusive DXL styles and major brands including Polo Ralph Lauren, Reebok, vineyard vines, Columbia, Levi's, and Nautica.
Located at 1232 Galleria Blvd, the store aims to enhance the shopping experience for Big + Tall customers in the greater Sacramento area, providing them with properly fitted fashion options and a comprehensive selection of clothing and shoes.
Destination XL Group (NASDAQ: DXLG), the leading integrated commerce retailer of Big + Tall men's clothing and shoes, has scheduled its fourth quarter and fiscal 2024 financial results announcement for March 20, 2025, before market opening.
The company will host a conference call at 9:00 a.m. ET on the same day, featuring President and CEO Harvey Kanter and Executive VP, CFO, and Treasurer Peter Stratton to discuss the results. Participants can join via conference call through pre-registration or access the webcast through the provided links. A replay will be available on the company's investor relations website.
Destination XL Group (NASDAQ: DXLG), the leading retailer of Big + Tall men's clothing, has expanded its partnership with Bluecore, a retail shopper identification and customer movement technology platform. The partnership aims to consolidate multiple marketing technologies into a single platform for better customer identification, audience building, and campaign management.
Through this collaboration, DXL will enhance personalization at scale by managing and predicting customer behaviors across its nearly 300 retail stores and digital channels. The platform enables DXL to identify anonymous shoppers, respond to customer signals through automated messaging, and create specific activations at the product SKU level. According to Jim Reath, DXL's Chief Marketing Officer, this integration provides a holistic view of customers' preferences and shopping behaviors, creating a seamless personalized shopping experience across all channels.
Destination XL Group (DXLG) announces the opening of its new store in Bellevue, WA, marking its seventh store launch this fiscal year. Located at 322 116th Ave. NE., the store features an extensive collection of Big + Tall men's clothing and shoes from premium brands including Polo Ralph Lauren, Reebok, Columbia, Levi's, and Psycho Bunny.
The location introduces DXL's innovative FiTMAP Sizing Technology, a digital scanning system that captures 242 unique measurements to provide custom clothing options and precise size recommendations across brands. The store, opening on January 25, 2025, aims to enhance shopping convenience for Big + Tall customers in the greater Seattle area.
Destination XL Group (NASDAQ: DXLG) reported holiday sales results and updated fiscal 2024 guidance. Total sales for the 9-week holiday period ended January 4, 2025, were $94.7 million, down from $102.4 million in the previous year. Comparable sales decreased 7.4%, with store sales down 6.2% and direct business down 10.0%.
The company revised its fiscal 2024 guidance, now expecting total sales of $467.0 to $470.0 million, slightly below previous guidance of $470.0 million. Adjusted EBITDA margin guidance was lowered to 4.2% to 4.5% from 4.5%. November sales declined 11.8%, but strategic promotions during Black Friday and Cyber Monday helped improve December's comparable sales decline to 4.4%.
Destination XL Group (NASDAQ: DXLG), the leading integrated commerce specialty retailer of Big + Tall men's clothing and shoes, has received a non-binding acquisition proposal from Fund 1 Investments, The proposal aims to acquire all outstanding shares of the company.
The Board of Directors will review and evaluate this proposal along with other strategic alternatives. The company has engaged Guggenheim Securities, as financial advisor and Greenberg Traurig, LLP as legal advisor to assist in the evaluation process.
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