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Destination XL swings to Q4 loss; plans 40 new stores
Canton, Mass. – Destination XL Group Inc. reported a net loss of $55.1 million for its fourth quarter, compared to net income of $4.2 million in the year-ago period. The chain cited a sluggish retail environment, a shorter holiday selling season and adverse weather conditions as contributing to the disappointing results. -
Lindt expands U.S. manufacturing
Premium chocolatier Lindt & Sprungli is adding more than 100,000 sq. ft. of manufacturing capacity at its U.S. headquarters in Statham, N.H. The facility in New Hampshire is one of eight production sites worldwide and the only location in North America. When the expansion is complete the facility will encompass more than 1 million sq. ft. to accommodate production, storage and distribution for products such as the recently introduced Lindt HELLO collection, LINDOR single serve bars and EXCELLENCE individually wrapped dark chocolate diamonds.