Casual Male Retail Group Inc has completed the sale of its 32 remaining Levi's/Dockers outlet stores to Hub Holding Corp.

The acquisition, for approximately $12.8 million in cash, will give Hub all normal business and lease obligations for the stores.

The proceeds from the transaction will allow Casual Male to reduce its outstanding debt under its revolving line of credit.

David Levin, president and chief executive officer of Casual Male said: "The sale comes at a very opportune time for Casual Male, as we begin our integration of the Rochester brand and the start of the holiday season.

"We are focused on driving traffic to our stores and providing an enjoyable shopping experience to our customers."

Casual Male Retail Group operates 496 Casual Male Big & Tall stores, the Casual Male e-commerce site, Casual Male's catalogue business, 22 Rochester Big & Tall stores and a direct-to-consumer business.

Hub Holding Corp is an affiliate of financial services company Sun Capital.