Monday, May 23, 2016

Solid Q1 for men’s apparel retailer

Big and tall men continued to spend in the first quarter, bucking slow apparel sales throughout the rest of the industry.
Destination XL Group Inc. posted revenue of $107.9 million in the quarter, up 3.3% from $104.4 million in the year-ago period. Total same-store sales rose 2%.
The company’s DXL superstore format continued to show strength. Sales per square foot for the DXL stores, on a rolling 12-month basis, were $179, compared with $168 for the prior-year quarter. Same-store sales for DXL rose 5.8%.. . . more

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