Destination XL news and archive

Destination XL reports holiday sales decline amid FullBeauty merger

Canton-based specialty retailer Destination XL Group, Inc. (DXL) has announced preliminary, unaudited sales results for the nine-week holiday period ended January 3, 2026. Total sales for the period reached 89.9 million dollars, compared to 94.7 million dollars for the corresponding holiday season the previous year. Comparable sales (comp sales)...

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How the FullBeauty and DXL merger reshapes the Big & Tall market

Last week, two major players in the US’ size-inclusive apparel category joined hands. FBB Holdings I, Inc. (FullBeauty) and Destination XL (DXL) announced a major merger in a move that intends to accelerate respective growth plans and scale the presence of a “category-defining retailer for inclusive apparel”. Framed as a “merger of equals”, the...

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Destination XL merges with FullBeauty as quarterly losses widen

Destination XL Group (DXL) has announced its intention to merge with FBB Holdings I, Inc. (FullBeauty) to create a “scaled, category-defining retailer for inclusive apparel”. The news comes as the commerce retailer of Big + Tall men’s clothing reported widening losses in the third quarter, with consumers said to be shopping less frequently. DXL...

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Destination XL Group shifts focus to private brands as it swings to loss in Q2

Destination XL Group (DXL) has said its results for the second quarter of the year reflect a “softness” in the big and tall sector, as the company swings to a loss and total sales drop. The specialty retailer reported a net sales decline of 7.5 percent to 115.5 million dollars, decreasing on the 124.8 million dollars seen in the same period of...

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Destination XL Q4 sales decline amid retail challenges

Men’s Big + Tall clothing retailer Destination XL Group’s (DXL) sales for the fourth quarter were 119.2 million dollars, down 13.1 percent and comparable sales decreased 8.7 percent. The company’s net income reduced to 2 cents per diluted share versus 10 cents in the previous year. Adjusted EBITDA also declined to 4.2 million dollars. In the...

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Destination XL gets takeover bid from Fund 1 Investments

Destination XL Group confirms receipt of a non-binding proposal from Fund 1 Investments to acquire all of the outstanding shares of the company. The company said in a release that its board of directors regularly reviews opportunities to create and enhance shareholder value and will carefully review and evaluate this proposal and other strategic...

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Destination XL: Q2 sale decline by 10.9 percent, cuts outlook

Total sales for the second quarter at Destination XL were 124.8 million dollars, down 10.9 percent. Comparable sales for the quarter also decreased by 10.9 percent. Based on the current sales trends, DXL is guiding to sales of 470 million dollars to 490 million dollars and an adjusted EBITDA margin of approximately 6 percent, a decrease from our...

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Destination XL revises outlook after challenging Q1

Destination XL, big + tall men’s clothing and shoes retailer reported sales for the first quarter were 115.5 million dollars, down 7.9 percent with a comparable sales decrease of 11.3 percent. Net income for the quarter was 6 cents per diluted share, and adjusted EBITDA declined to 8.2 million dollars or 7.1 percent of sales. “We expected fiscal...

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Destination XL outlines growth strategy after challenging FY23

Specialty retailer Destination XL Group reported its financials for the fourth quarter and fiscal 2023 ahead of what is to be a year defined by “ambitious” strategic growth initiatives that aim to unlock the potential of its respective men’s big and tall market. For the fourth quarter, the 14-week period of fiscal 2023, total sales came to 137.1...

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Destination XL extends CEO Harvey Kanter's term till August 2026

Destination XL Group, Inc. has extended the term of Harvey S. Kanter’s role as the company’s president and CEO. Commenting on the development, Lionel Conacher, chairman of the company’s board, said in a statement: “We are extremely pleased that Harvey has agreed to continue to lead our company into at least mid-August 2026.” “The company has...

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Destination XL sales marginally drop in light of ‘broader macro headwinds’

Destination XL group, the specialty retailer of Big + Tall men’s clothing and shoes, has outlined its operating results for Q1 of FY23, where its sales marginally dropped by 1.7 percent, from 127.7 million dollars in the same period of 2022 to 125.4 million dollars. Sales began strong in the quarter, with a 9.1 percent increase in February,...

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Destination XL's Q4 comparable sales increase by 10.8 percent

For the fourth quarter of fiscal 2022, total sales were 143.9 million dollars compared to 133.5 million dollars for the fourth quarter of fiscal 2021. Comparable sales for the quarter increased 10.8 percent, driven by a 13.2 percent comparable sales increase from stores and a 6.2 percent increase in the direct business. For fiscal 2022, total...