Destination XL Group Inc is a specialty retailer of big & tall men's apparel with retail operations in the United States and London, England and direct businesses throughout the United States, Canada and Europe.
A big rally in shares of The Men's Warehouse (MW), up 13.8% premarket, could set up peers for a bump after the company says it will explore strategic alternatives for its K&G operations. On watch: JOSB, DXLG, EXPR.
A profit warning from Jos. A Bank (JOSB) spills over to taint other men's clothing sellers. Shares of The Men's Wearhouse (MW) are down 3.5% premarket and Casual Male (DXLG) is off 1.2%. JOSB has now lopped off 17.5% premarket after the retailer's admission that customers aren't responding to recent promotions begs the question: What's left?
Casual Male Retail Group (DXLG +6.1%) appears to be a holiday season retail winner, according to channel checks from industry watchers. If the early reports pan out, it would be a good sign for the company as it sits in the middle of a transition away from its Casual Male XL stores to new Destination XL stores with a wider selection of products.
More than half of retailers and restaurants with annual sales of $10M-$500M have raised prices during the past year, up from 32% a year ago, according to a Barlow Research survey. Most say they haven't received much pushback from customers, so price hikes likely will continue: 61% say they plan more increases during the next 12 months, vs. 41% a year ago.