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{{Infobox company
{{Infobox company
|name = Casual Male Retail Group
|name = Destination XL Group
|logo = [[Image:Casual Male XL logo.jpg|260px]]
|logo = [[Image:Casual Male XL logo.jpg|260px]]
|type = [[Public company|Public]]
|type = [[Public company|Public]]
|traded_as = {{nasdaq|CMRG}}
|traded_as = {{nasdaq|CMRG}}
|foundation = 1976<ref name="SEC Info" />
|foundation = 1976<ref name="SEC Info" />
|founder = Calvin Margolis<br />Stanley Berger<ref name="SEC Info">{{cite web |url=http://www.secinfo.com/dsvRx.a13u.htm |title=Casual Male Retail Group Inc - DEF 14A - For 6/13/95 |publisher=SEC Info |accessdate=2007-12-16}}</ref>
|founder = Calvin Margolis<br />Stanley Berger<ref name="SEC Info">{{cite web |url=http://www.secinfo.com/dsvRx.a13u.htm |title=Destination XL Inc - DEF 14A - For 6/13/95 |publisher=SEC Info |accessdate=2007-12-16}}</ref>
|location_city = [[Canton, Massachusetts|Canton, Mass.]]
|location_city = [[Canton, Massachusetts|Canton, Mass.]]
|location_country = [[United States|U.S.]]
|location_country = [[United States|U.S.]]
|location =
|location =
|locations = Destination XL: 10<br>Rochester B&T: 16<br>Casual Male XL: 440<ref>{{cite web |url=http://www.destinationxl.com/mens-big-and-tall-store/storelocator/storeLocator.jsp |title=Find a Store |publisher=Casual Male Retail Group}}</ref>
|locations = Destination XL: 10<br>Rochester B&T: 16<br>Casual Male XL: 440<ref>{{cite web |url=http://www.destinationxl.com/mens-big-and-tall-store/storelocator/storeLocator.jsp |title=Find a Store |publisher=Destination XL}}</ref>
|area_served = [[United States]]<br />[[Canada]]<br />[[London]], [[England]]<ref>{{cite web |url=http://www.marketwatch.com/tools/quotes/profile.asp?symb=CMRG |title=CMRG Profile - Casual Male Retail Grp Inc Profile - CMRG Company Information - Casual Male Retail Grp Inc Company Information |publisher=MarketWatch |accessdate=2008-05-13}}</ref>
|area_served = [[United States]]<br />[[Canada]]<br />[[London]], [[England]]<ref>{{cite web |url=http://www.marketwatch.com/tools/quotes/profile.asp?symb=CMRG |title=CMRG Profile - Casual Male Retail Grp Inc Profile - CMRG Company Information - Casual Male Retail Grp Inc Company Information |publisher=MarketWatch |accessdate=2008-05-13}}</ref>
|key_people = David A. Levin, <small>[[Chief executive officer|CEO]]</small><ref name=Globe100>{{cite news |title=Casual Male Retail Group - 2007 Globe 100 |url=http://www.boston.com/business/globe/globe100/2007/profiles/CMRG.htm |work=[[The Boston Globe]] |date=May 22, 2007 |accessdate=2008-05-13}}</ref>
|key_people = David A. Levin, <small>[[Chief executive officer|CEO]]</small><ref name=Globe100>{{cite news |title=Destination XL - 2007 Globe 100 |url=http://www.boston.com/business/globe/globe100/2007/profiles/CMRG.htm |work=[[The Boston Globe]] |date=May 22, 2007 |accessdate=2008-05-13}}</ref>
|industry = [[Retail]]
|industry = [[Retail]]
|products = Clothing<br>Home & Living Items
|products = Clothing<br>Home & Living Items
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|slogan =
|slogan =
|homepage = [http://www.destinationxl.com/ DestinationXL.com]
|homepage = [http://www.destinationxl.com/ DestinationXL.com]
|market cap = [[United States dollar|US$]]101 million<ref name=zenobank>{{cite web |url=http://www.zenobank.com/index.php?symbol=CMRG&page=quotesearch |title=Company Profile for Casual Male Retail Group Inc (CMRG) |accessdate=2008-10-22}}</ref>
|market cap = [[United States dollar|US$]]101 million<ref name=zenobank>{{cite web |url=http://www.zenobank.com/index.php?symbol=CMRG&page=quotesearch |title=Company Profile for Destination XL Inc (CMRG) |accessdate=2008-10-22}}</ref>
|footnotes =
|footnotes =
|intl =
|intl =
}}
}}
[[File:11.28.07CasualMaleXLByLuigiNovi.jpg|thumb|right|The Casual Male XL in [[Harmon Meadow Plaza]] in [[Secaucus, New Jersey]].]]
[[File:11.28.07CasualMaleXLByLuigiNovi.jpg|thumb|right|The Casual Male XL in [[Harmon Meadow Plaza]] in [[Secaucus, New Jersey]].]]
'''Casual Male Retail Group, Inc.''' is a group of specialty clothing [[retail]] stores based in [[Canton, Massachusetts]] that operates six chains under the trade names '''Destination XL''', '''Rochester Big & Tall''', '''Casual Male XL''', '''BT Factory Direct''', '''Shoes XL''', and '''Living XL'''. The first three businesses do business both in stores and online with Destination XL being the largest of the stores (sort of a combination Casual Male and Rochester store, Rochester Big & Tall the more upscale of the three, and Casual Male more like a normal big and tall store). The other three stores strictly conduct business online. All six stores once had their own websites, but recently Casual Male Retail Group decided to consolidate the sites into Destination XL's website&mdash; therefore, all six online stores are subsections of destinationxl.com.
'''Destination XL, Inc.''' is a group of specialty clothing [[retail]] stores based in [[Canton, Massachusetts]] that operates six chains under the trade names '''Destination XL''', '''Rochester Big & Tall''', '''Casual Male XL''', '''BT Factory Direct''', '''Shoes XL''', and '''Living XL'''. The first three businesses do business both in stores and online with Destination XL being the largest of the stores (sort of a combination Casual Male and Rochester store, Rochester Big & Tall the more upscale of the three, and Casual Male more like a normal big and tall store). The other three stores strictly conduct business online. All six stores once had their own websites, but recently Destination XL decided to consolidate the sites into Destination XL's website&mdash; therefore, all six online stores are subsections of destinationxl.com.


Casual Male also has deals with [[Sears]] and [[Sears Canada]] and to provide the Sears Big & Tall clothing lines.<ref>{{cite web |url=http://www.dmnews.com/sears-casual-male-to-launch-co-branded-catalog/article/90802/ |title=Sears, Casual Male to Launch Co-Branded Catalog |first=Chantal |last=Todé |date=March 31, 2006 |work=Direct Marketing News}}</ref> It is the largest retailer of such clothing, with about 500 locations in the [[United States]], [[England]] and [[Canada]].<ref name=Large>{{cite news |author=Jerry Large |title=New lifestyle catalog aims at the living-large market |url=http://seattletimes.nwsource.com/html/nationworld/2003728813_large31.html |work=[[Seattle Times]] |date=May 31, 2007 |accessdate=2008-05-13}}</ref><ref>{{cite news |title=SAC Capital Discloses 6.2% Stake in Casual Male (CMRG) |url=http://www.streetinsider.com/13Gs/SAC+Capital+Discloses+6.2%25+Stake+in+Casual+Male+(CMRG)/1381571.html |publisher=StreetInsider.com |date=November 27, 2006 |accessdate=2008-05-13}}</ref>
Casual Male also has deals with [[Sears]] and [[Sears Canada]] and to provide the Sears Big & Tall clothing lines.<ref>{{cite web |url=http://www.dmnews.com/sears-casual-male-to-launch-co-branded-catalog/article/90802/ |title=Sears, Casual Male to Launch Co-Branded Catalog |first=Chantal |last=Todé |date=March 31, 2006 |work=Direct Marketing News}}</ref> It is the largest retailer of such clothing, with about 500 locations in the [[United States]], [[England]] and [[Canada]].<ref name=Large>{{cite news |author=Jerry Large |title=New lifestyle catalog aims at the living-large market |url=http://seattletimes.nwsource.com/html/nationworld/2003728813_large31.html |work=[[Seattle Times]] |date=May 31, 2007 |accessdate=2008-05-13}}</ref><ref>{{cite news |title=SAC Capital Discloses 6.2% Stake in Casual Male (CMRG) |url=http://www.streetinsider.com/13Gs/SAC+Capital+Discloses+6.2%25+Stake+in+Casual+Male+(CMRG)/1381571.html |publisher=StreetInsider.com |date=November 27, 2006 |accessdate=2008-05-13}}</ref>


National brands carried by the chain include Cubavera, [[Nautica (clothing company)|Nautica Jeans]], [[Geoffrey Beene]], [[Calvin Klein]], and [[Reebok]]. Its in-house brands include Harbor Bay, Oak Hill, Synrgy, True Nation, and CM Gold Series, respectively. In addition, the Rochester stores carry such brands as [[Burberry]], Ermenegildio Zegna, [[Polo Ralph Lauren]], [[Tommy Bahama]], and their in-house brands Rochester 1906 and Castagne.<ref name=About>[http://www.casualmale.com/store/en_US/enwiki/static/aboutus.jsp About Us]. Casual Male Retail Group. Retrieved on 2007-12-16.</ref>
National brands carried by the chain include Cubavera, [[Nautica (clothing company)|Nautica Jeans]], [[Geoffrey Beene]], [[Calvin Klein]], and [[Reebok]]. Its in-house brands include Harbor Bay, Oak Hill, Synrgy, True Nation, and CM Gold Series, respectively. In addition, the Rochester stores carry such brands as [[Burberry]], Ermenegildio Zegna, [[Polo Ralph Lauren]], [[Tommy Bahama]], and their in-house brands Rochester 1906 and Castagne.<ref name=About>[http://www.casualmale.com/store/en_US/enwiki/static/aboutus.jsp About Us]. Destination XL. Retrieved on 2007-12-16.</ref>


==History==
==History==
What is now Casual Male Retail Group was founded in 1976 by Calvin Margolis and Stanley Berger as Designs, Inc., a chain of retail stores that sold Levi's Dockers.
What is now Destination XL was founded in 1976 by Calvin Margolis and Stanley Berger as Designs, Inc., a chain of retail stores that sold Levi's Dockers.


In May 2002, Designs, Inc. bought the Casual Male Big & Tall chain of stores out of bankruptcy and elected to focus their business on those stores, selling off their other businesses and assuming the Casual Male name.<ref>{{cite news |author=Larry Dignan |title=Casual Male CEO: Can IT Keep Inventory Fit? |work=Baseline |url=http://www.baselinemag.com/article2/0,1540,1896906,00.asp |date=December 6, 2005 |accessdate=2008-05-13}}</ref>
In May 2002, Designs, Inc. bought the Casual Male Big & Tall chain of stores out of bankruptcy and elected to focus their business on those stores, selling off their other businesses and assuming the Casual Male name.<ref>{{cite news |author=Larry Dignan |title=Casual Male CEO: Can IT Keep Inventory Fit? |work=Baseline |url=http://www.baselinemag.com/article2/0,1540,1896906,00.asp |date=December 6, 2005 |accessdate=2008-05-13}}</ref>
Line 46: Line 46:
In 2005, Casual Male changed the name of its Casual Male stores from Casual Male Big & Tall to Casual Male XL.<ref>{{cite news |author=Mark Jewell|title=In with 'XL,' out with 'Big & Tall' for men's large-size clothier |url=http://www.signonsandiego.com/news/business/20060810-0956-bigandtall.html |work=San Diego Union-Tribune|publisher=Associated Press |date=August 10, 2006 |accessdate=2007-12-17}}</ref>
In 2005, Casual Male changed the name of its Casual Male stores from Casual Male Big & Tall to Casual Male XL.<ref>{{cite news |author=Mark Jewell|title=In with 'XL,' out with 'Big & Tall' for men's large-size clothier |url=http://www.signonsandiego.com/news/business/20060810-0956-bigandtall.html |work=San Diego Union-Tribune|publisher=Associated Press |date=August 10, 2006 |accessdate=2007-12-17}}</ref>


In 2006, the Casual Male purchased Jared M., a custom clothing business that catered to professional athletes and other high profile clients. Casual Male decided in 2007 to discontinue the Jared M. operation due to concerns about its long-term performance.<ref>{{cite news |title=Casual Male Retail Group reports wider 3Q loss; exits Jared M. operations |url=http://www.forbes.com/markets/feeds/afx/2007/11/27/afx4376406.html |publisher=Thompson Financial |date=November 27, 2007 |accessdate=2008-05-13}}</ref>
In 2006, the Casual Male purchased Jared M., a custom clothing business that catered to professional athletes and other high profile clients. Casual Male decided in 2007 to discontinue the Jared M. operation due to concerns about its long-term performance.<ref>{{cite news |title=Destination XL reports wider 3Q loss; exits Jared M. operations |url=http://www.forbes.com/markets/feeds/afx/2007/11/27/afx4376406.html |publisher=Thompson Financial |date=November 27, 2007 |accessdate=2008-05-13}}</ref>


==References==
==References==
Line 53: Line 53:
==External links==
==External links==
*[http://www.casualmale.com/store/en_US/index.jsp Official site]
*[http://www.casualmale.com/store/en_US/index.jsp Official site]
*[http://www.fundinguniverse.com/company-histories/Casual-Male-Retail-Group-Inc-Company-History.html Casual Male Retail Group - Company History] at FundingUniverse.com
*[http://www.fundinguniverse.com/company-histories/Casual-Male-Retail-Group-Inc-Company-History.html Destination XL - Company History] at FundingUniverse.com


[[Category:Clothing retailers of Canada]]
[[Category:Clothing retailers of Canada]]

Revision as of 16:29, 7 November 2013

Destination XL Group
Company typePublic
Nasdaq: CMRG
IndustryRetail
Founded1976[1]
FounderCalvin Margolis
Stanley Berger[1]
Headquarters
Canton, Mass.
,
U.S.
Number of locations
Destination XL: 10
Rochester B&T: 16
Casual Male XL: 440[2]
Area served
United States
Canada
London, England[3]
Key people
David A. Levin, CEO[4]
ProductsClothing
Home & Living Items
RevenueUS$467.51 million[4]
US$42.63 million[4]
Number of employees
3092[4]
DivisionsDestination XL
Rochester Big & Tall
Casual Male XL
BT Factory Direct
Shoes XL
Living XL
WebsiteDestinationXL.com
The Casual Male XL in Harmon Meadow Plaza in Secaucus, New Jersey.

Destination XL, Inc. is a group of specialty clothing retail stores based in Canton, Massachusetts that operates six chains under the trade names Destination XL, Rochester Big & Tall, Casual Male XL, BT Factory Direct, Shoes XL, and Living XL. The first three businesses do business both in stores and online with Destination XL being the largest of the stores (sort of a combination Casual Male and Rochester store, Rochester Big & Tall the more upscale of the three, and Casual Male more like a normal big and tall store). The other three stores strictly conduct business online. All six stores once had their own websites, but recently Destination XL decided to consolidate the sites into Destination XL's website— therefore, all six online stores are subsections of destinationxl.com.

Casual Male also has deals with Sears and Sears Canada and to provide the Sears Big & Tall clothing lines.[6] It is the largest retailer of such clothing, with about 500 locations in the United States, England and Canada.[7][8]

National brands carried by the chain include Cubavera, Nautica Jeans, Geoffrey Beene, Calvin Klein, and Reebok. Its in-house brands include Harbor Bay, Oak Hill, Synrgy, True Nation, and CM Gold Series, respectively. In addition, the Rochester stores carry such brands as Burberry, Ermenegildio Zegna, Polo Ralph Lauren, Tommy Bahama, and their in-house brands Rochester 1906 and Castagne.[9]

History

What is now Destination XL was founded in 1976 by Calvin Margolis and Stanley Berger as Designs, Inc., a chain of retail stores that sold Levi's Dockers.

In May 2002, Designs, Inc. bought the Casual Male Big & Tall chain of stores out of bankruptcy and elected to focus their business on those stores, selling off their other businesses and assuming the Casual Male name.[10]

In 2004, Casual Male hired former champion boxer George Foreman to promote the chain and become the spokesman for new lines of clothing bearing his name. Also in 2004, Casual Male began a program to remodel its stores.[11][12]

In 2005, Casual Male changed the name of its Casual Male stores from Casual Male Big & Tall to Casual Male XL.[13]

In 2006, the Casual Male purchased Jared M., a custom clothing business that catered to professional athletes and other high profile clients. Casual Male decided in 2007 to discontinue the Jared M. operation due to concerns about its long-term performance.[14]

References

  1. ^ a b "Destination XL Inc - DEF 14A - For 6/13/95". SEC Info. Retrieved 2007-12-16.
  2. ^ "Find a Store". Destination XL.
  3. ^ "CMRG Profile - Casual Male Retail Grp Inc Profile - CMRG Company Information - Casual Male Retail Grp Inc Company Information". MarketWatch. Retrieved 2008-05-13.
  4. ^ a b c d "Destination XL - 2007 Globe 100". The Boston Globe. May 22, 2007. Retrieved 2008-05-13.
  5. ^ "Company Profile for Destination XL Inc (CMRG)". Retrieved 2008-10-22.
  6. ^ Todé, Chantal (March 31, 2006). "Sears, Casual Male to Launch Co-Branded Catalog". Direct Marketing News.
  7. ^ Jerry Large (May 31, 2007). "New lifestyle catalog aims at the living-large market". Seattle Times. Retrieved 2008-05-13.
  8. ^ "SAC Capital Discloses 6.2% Stake in Casual Male (CMRG)". StreetInsider.com. November 27, 2006. Retrieved 2008-05-13.
  9. ^ About Us. Destination XL. Retrieved on 2007-12-16.
  10. ^ Larry Dignan (December 6, 2005). "Casual Male CEO: Can IT Keep Inventory Fit?". Baseline. Retrieved 2008-05-13.
  11. ^ Chris Reidy (February 10, 2004). "The ad champ". The Boston Globe. pp. D1. Retrieved 2007-12-16.
  12. ^ Naomi Aoki (July 6, 2004). "Casual Male's heavyweight hopes". The Boston Globe. Retrieved 2008-05-13.
  13. ^ Mark Jewell (August 10, 2006). "In with 'XL,' out with 'Big & Tall' for men's large-size clothier". San Diego Union-Tribune. Associated Press. Retrieved 2007-12-17.
  14. ^ "Destination XL reports wider 3Q loss; exits Jared M. operations". Thompson Financial. November 27, 2007. Retrieved 2008-05-13.

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