US: Casual Male changes name to Destination XL Group
Big and tall men's wear retailer Casual Male Retail Group is to change its name to Destination XL Group as it looks to expand and rebrand its Destination XL concept.
"The transformation to the Destination XL concept provides the company with an exciting opportunity for growth," said president and CEO David Levin.
"Changing our name to Destination XL Group Inc truly reflects who we are today as we expand the Destination XL concept and rebrand the company as a whole.
"The 49 Destination XL stores currently in operation and our DestinationXL.com website have already proven to be successful, and we are confident that this transformation will accelerate our long-term sales and profitability."
Casual Male Retail Group, Inc. Announces Name Change To Destination XL Group, Inc.
Name Change Reflects Company's Transition to Destination XL
CANTON, Mass., Feb. 22, 2013 /PRNewswire/ -- Casual Male Retail Group, Inc. (NASDAQ: DXLG), the largest multi-channel specialty retailer of big & tall men's apparel and accessories, today announced that it will formally change its corporate name to Destination XL Group, Inc. to reflect the Company's transition to its Destination XL® (DXL®) retail stores and DestinationXL.com e-commerce website. As previously announced, the Company's ticker symbol was changed to "DXLG" effective Wednesday, December 5, 2012. The name change will be effective as of Monday, February 25, 2013.
"The transformation to the Destination XL concept provides the Company with an exciting opportunity for growth," said David Levin , President and CEO. "Changing our name to Destination XL Group, Inc. truly reflects who we are today as we expand the Destination XL concept and rebrand the Company as a whole. The 49 Destination XL stores currently in operation and our DestinationXL.com website have already proven to be successful, and we are confident that this transformation will accelerate our long-term sales and profitability."
The Company's common stock will be assigned a new CUSIP number of 25065K 104 in connection with the name change. Outstanding stock certificates will not be affected and will not need to be exchanged.
About Destination XL Group, Inc.
Destination XL Group, Inc. is the largest multi-channel specialty retailer of big & tall men's apparel with operations throughout the United States, Canada and Europe. The retailer operates under six brands: Destination XL®, Casual Male XL, Rochester Clothing, B&T Factory Direct, ShoesXL and LivingXL. Several catalogs and e-commerce sites, including www.destinationxl.com, make up the Company's direct-to-consumer business. With more than 2,000 private label and name brand styles to choose from, customers are provided with a unique blend of wardrobe solutions not available at traditional retailers. The Company is headquartered in Canton, Massachusetts. For more information, please visit the Company's investor relations website: http://investor.casualmale.com.
Original source: http://www.prnewswire.com/news-releases/casual-male-retail-group-inc-announces-name-change-to-destination-xl-group-inc-192481541.html
Big and tall men's wear retailer Destination XL Group, formerly known as Casual Male Retail Group, has lowered its full year guidance, after swinging to a second quarter loss of US$1.6m....
Big and tall men's wear retailer Destination XL, formerly Casual Male Retail Group, has seen its first-quarter net profit more than halve on lower sales and US$2.4m in costs related to its DXL store g...
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