Casual Male Retail Group

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Casual Male Retail Group
Type Public NASDAQ: CMRG
Founded (1976)[1]
Founder Calvin Margolis
Stanley Berger[1]
Headquarters Canton, Massachusetts, U.S.
No. of locations 500 stores[2]
Area served United States
Canada
London, England[3]
Key people David A. Levin, CEO[4]
Industry Retail
Products Clothing
Revenue US$467.51 million[4]
Net income US$42.63 million[4]
Employees 3092[4]
Website www.casualmalexl.com
The Casual Male XL in Harmon Meadow Plaza in Secaucus, New Jersey.
The Casual Male XL in Harmon Meadow Plaza in Secaucus, New Jersey.

Casual Male Retail Group, Inc. is a chain of specialty clothing retail stores based in Canton, Massachusetts that operates under the trade names Casual Male XL, Rochester Big & Tall Clothing, and Sears Canada-Casual Male. It is the largest retailer of such clothing, with about 500 locations in the United States, England and Canada.[2][5]

National brands carried by the chain include Caribbean Joe, Nautica Jeans, Geoffrey Beene, Izod, and Reebok. Its in-house brands include Harbor Bay, Comfort Zone, Synrgy, and Platinum Series. 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.[6]

[edit] History

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.

In May 2002, Designs bought Casual Male, a bankrupt specialty retailer of men's apparel. Focusing on the big and tall business, Designs sold off its other business lines and changed its name to Casual Male.[7]

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.[8][9]

In 2005, Casual Male changed the name of its stores from Casual Male Big & Tall to Casual Male XL.[10]

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 discontine the Jared M. operation due to concerns about its long-term performance.[11]

[edit] References

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

[edit] External links


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