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Mark Shale files for Chapter 11 bankruptcy protection
Chicago -- Chicago high-end fashion retailer Mark Shale said Tuesday it has filed for reorganization bankruptcy.
The 83-year-old company is seeking strategic alternatives, including a partner to fortify the business, according to president Rich Myers.
The three existing stores – all in Chicago – will continue to operate during the reorganization process. -
Report: Casual Male store nameplate to disappear over time
New York -- Casual Male is shifting its focus to its Destination XL (DXL) format. By the end of 2015, the company expects to have closed all 400 Casual Male stores and have 225 to 250 DXL units, according to Women’s Wear Daily.
The DXL stores feature a wide array of merchandise, including both private label and name brands, and price points that range from the lower-end to the more upscale. By the end of 2012, the company expects to have 51 DXL stores in operation, the report said.