Casual Male Retail Group

Casual Male Retail Group
Type Public (NASDAQCMRG)
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]

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.[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]

References

  1. ^ a b "Casual Male Retail Group Inc - DEF 14A - For 6/13/95". SEC Info. http://www.secinfo.com/dsvRx.a13u.htm. Retrieved 2007-12-16. 
  2. ^ "Find a Store". Casual Male Retail Group. http://www.destinationxl.com/mens-big-and-tall-store/storelocator/storeLocator.jsp. 
  3. ^ "CMRG Profile - Casual Male Retail Grp Inc Profile - CMRG Company Information - Casual Male Retail Grp Inc Company Information". MarketWatch. http://www.marketwatch.com/tools/quotes/profile.asp?symb=CMRG. Retrieved 2008-05-13. 
  4. ^ a b c d "Casual Male Retail Group - 2007 Globe 100". The Boston Globe. May 22, 2007. http://www.boston.com/business/globe/globe100/2007/profiles/CMRG.htm. Retrieved 2008-05-13. 
  5. ^ Todé, Chantal (March 31, 2006). "Sears, Casual Male to Launch Co-Branded Catalog". Direct Marketing News. http://www.dmnews.com/sears-casual-male-to-launch-co-branded-catalog/article/90802/. 
  6. ^ a b Jerry Large (May 31, 2007). "New lifestyle catalog aims at the living-large market". Seattle Times. http://seattletimes.nwsource.com/html/nationworld/2003728813_large31.html. Retrieved 2008-05-13. 
  7. ^ "SAC Capital Discloses 6.2% Stake in Casual Male (CMRG)". StreetInsider.com. November 27, 2006. http://www.streetinsider.com/13Gs/SAC+Capital+Discloses+6.2%25+Stake+in+Casual+Male+(CMRG)/1381571.html. Retrieved 2008-05-13. 
  8. ^ About Us. Casual Male Retail Group. Retrieved on 2007-12-16.
  9. ^ Larry Dignan (December 6, 2005). "Casual Male CEO: Can IT Keep Inventory Fit?". Baseline. http://www.baselinemag.com/article2/0,1540,1896906,00.asp. Retrieved 2008-05-13. 
  10. ^ Chris Reidy (February 10, 2004). "The ad champ". The Boston Globe: pp. D1. http://www.boston.com/business/globe/articles/2004/02/10/the_ad_champ/. Retrieved 2007-12-16. 
  11. ^ Naomi Aoki (July 6, 2004). "Casual Male's heavyweight hopes". The Boston Globe. http://www.boston.com/business/globe/articles/2004/07/06/casual_males_heavyweight_hopes/. Retrieved 2008-05-13. 
  12. ^ Mark Jewell (August 10, 2006). "In with 'XL,' out with 'Big & Tall' for men's large-size clothier". San Diego Union-Tribune (Associated Press). http://www.signonsandiego.com/news/business/20060810-0956-bigandtall.html. Retrieved 2007-12-17. 
  13. ^ "Casual Male Retail Group reports wider 3Q loss; exits Jared M. operations". Thompson Financial. November 27, 2007. http://www.forbes.com/markets/feeds/afx/2007/11/27/afx4376406.html. Retrieved 2008-05-13. 

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