Type | Public (NASDAQ: CMRG) |
---|---|
Industry | Retail |
Founded | 1976[1] |
Founder(s) | Calvin 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] |
Products | Clothing Home & Living Items |
Revenue | US$467.51 million[4] |
Net income | US$42.63 million[4] |
Employees | 3092[4] |
Divisions | Destination XL Rochester Big & Tall Casual Male XL BT Factory Direct Shoes XL Living XL |
Website | DestinationXL.com |
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 company also has deals with Sears and Sears Canada and to provide the Sears Big & Tall clothing lines.[5] It is the largest retailer of such clothing, with about 500 locations in the United States, England and Canada.[6][6][7]
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.[8]
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.[9]
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.[10][11]
In 2005, Casual Male changed the name of its stores from Casual Male Big & Tall to Casual Male XL.[12]
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.[13]