Destination XL’s holiday sales improve by 1.4 percent

Destination XL Group, Inc. announced that total sales for the 9-weeks ended January 5, 2019 increased 1.4 percent to 102.7 millions, while comparable sales increased 3.6 percent, which was partially offset by a decrease of 1.6 million dollars from the shift in calendar weeks due to the 53rd week in fiscal 2017. Based on the holiday sales results and expectations for the remainder of the fourth quarter, the company has reiterated its full-year guidance as previously disclosed.

“We are pleased to report that our sales results for the critical holiday selling season were in line with our expectations. As part of its strategic growth plan, today the company is also announcing that it has launched a wholesale business unit focused on product development and distribution relationships with key retailers. As a result of this new model, the company intends to develop and distribute both private label and co-branded men’s big and tall apparel lines,” said David Levin, Acting CEO of the company in a statement.

As part of this initiative, the company has been selected as the provider of men’s big and tall sizes for the Amazon Private Brand, Amazon Essentials. The company will provide a range of styles in sizes 2XL and above with branding that communicates “Amazon Essentials Fit by DXL.”

Picture:DXL Men's Apparel