Friday, August 26, 2016

Specialty menswear retailer swings to profit in Q2

Destination XL Group Inc. reported a profit in its second quarter amid the ongoing strength of its DXL larger store format.

The retailer of big and tall apparel for men posted net income for the second quarter of $0.2 million, compared with a net loss of $1.0 million in the year ago period.

Total sales rose 3.3% to $117.9 million from $114.1 million last year. The increase of $3.8 million in total sales was primarily driven by a same-store sales increase of $2.6 million, or 4.6%, from the chain’s DXL stores.. . . more

No comments: