Destination XL Group
| Company type | Public |
|---|---|
| Industry | Retail (Apparel and home living products) |
| Founded | 1976 |
| Founder | Calvin Margolis, Stanley Berger |
Area served | United States, Canada, United Kingdom, Greater China, International markets |
Key people | Lionel F. Conacher (Chairman), Harvey S Kanter (President & CEO) |
| Products | Big and tall men's apparel, home living products |
| Revenue | US$505 million (2021) |
| US$56.7 million (2021) | |
Number of employees | 1,353 (2021) |
| Website | dxl |
Company Overview
Destination XL Group, Inc. (traded as DXLG) is a prominent specialty retailer focusing on big and tall men's apparel. The organization manages approximately 290 retail and outlet stores across the United States, operating under its main brands, DXL and Casual Male XL. In addition to its physical locations, the company offers an online shopping platform via its website (dxl.com) along with mobile applications available on both Android and iOS devices. These digital channels serve customers not only within the United States but also in Canada, the United Kingdom, Greater China, and various international markets. Headquartered in Canton, Massachusetts, Destination XL Group is publicly traded on the NASDAQ stock exchange under the ticker symbol "DXLG".
Corporate Details
Founded in 1976 by Calvin Margolis and Stanley Berger, Destination XL Group operates primarily within the retail sector, specializing in apparel and home living products. The company reported revenues of approximately US$505 million in 2021, with a net income of US$56.7 million for the same period. Its workforce comprises around 1,353 employees. Leadership includes Chairman Lionel F. Conacher and President & CEO Harvey S Kanter. The enterprise’s store network consists of 220 DXL Men’s Apparel locations, 16 DXL Outlet stores, 35 Casual Male XL outlets, and 19 Casual Male XL outlet locations.
Business Operations
Destination XL Group's retail footprint is divided between its two main divisions: Destination XL and Casual Male XL. Its product range primarily encompasses clothing and home-related items tailored to meet the needs of its target demographic. The company maintains a significant presence both through brick-and-mortar stores and digital platforms to provide comprehensive service options for its customers.
Stock Market Information
The company is publicly listed on the NASDAQ exchange under the symbol DXLG, reflecting its status as a publicly traded entity within the retail industry.
History
The origins of Destination XL Group trace back to 1976 when Calvin Margolis and Stanley Berger established the company under the name Designs, Inc.
Up until 1995, Designs, Inc. operated solely through mall and outlet stores featuring Levi Strauss & Co. branded apparel.
In May 2002, Designs, Inc. expanded by acquiring the Casual Male Big & Tall chain during a bankruptcy auction. At that time, Casual Male was recognized as the largest specialty retailer catering to the U.S. men's big and tall clothing segment. Following this acquisition, the company rebranded as Casual Male Retail Group, Inc., choosing to concentrate exclusively on these stores by divesting its other ventures and adopting the Casual Male identity.
The year 2004 saw the acquisition of Rochester Big & Tall Clothing, which enabled the company to offer a wider range of designer labels such as Robert Graham, Tommy Bahama, Cutter & Buck, Jack Victor, and Robert Talbott. That same year, former boxing champion George Foreman was engaged as a spokesperson to endorse new clothing lines carrying his name.
In 2005, the company transitioned the store branding from Casual Male Big & Tall to Casual Male XL.
By 2010, the firm launched its inaugural DXL retail location in Schaumburg, Illinois, featuring an expanded selection that spanned from value-focused products to luxury offerings with an enhanced emphasis on well-known brands.
Capitalizing on the success of this store format, 2011 marked the debut of destinationxl.com as an e-commerce platform for the company; this site has since been updated and is now known as dxl.com.
In 2019, all remaining Rochester Clothing outlets were permanently closed.