Destination XL Group Inc. reached a new level of performance in the fourth quarter with a whopping 16.4% same store sales increase.
Big jump in sales for Destination XL Clothes aren’t the only thing big at Destination XL as evidenced by a double digit third quarter comp increase aided by omnichannel integration.
Destination XL Group has named Peter H. Stratton Jr. as SVP, CFO and treasurer, effective June 1. Stratton replaces John E. Kyees, who was serving as interim CFO, and will report to president and CEO David Levin.
Net income at Destination XL Group, formerly Casual Male, dropped to $4.2 million from $33.5 million for the fourth quarter in the year-ago period.