Serving big men yields big results at DXL

Clothes aren’t the only thing big at Destination XL as evidenced by a double digit third quarter comp increase aided by omnichannel integration.

Sales at Destination XL increased 5% to $93.6 million, compared with $88.7 million in the prior-year quarter. Same store sales increased 5.5%.

"This is our sixth consecutive quarter of double-digit comparable sales increases at our DXL stores," Levin said. "The growth in our customer base is coming from a combination of new customers and new technology that enables nearly 300 stores to fulfill online orders that cannot be fulfilled in our distribution center. The omnichannel experience continues to evolve and we believe this paradigm shift will have a profound long-term benefit for the company and our customers.”

Profits for Destination XL declined $6.3 million in the third quarter, up from a loss of $4.1 million the same quarter in 2013. The company said it had a loss of about 8 cents per share. Destination XL said it expects full-year results to range from a loss of 16 cents per share to a loss of 12 cents per share, with revenue in the range of $413 million to $418 million. Destination XL Group Inc. at the end of the third quarter operated 412 stores in the United States, Canada and in London, England. The retailer plans to open approximately 41 stores in its DXL format and close approximately 46 Casual Male XL and 2 Rochester Clothing stores for fiscal 2014, and have 200-250 DXL stores open by fiscal 2017.