Casual Male Retail Group, Inc.
DXLG, the largest multi-channel specialty retailer of big & tall
men's apparel and accessories, today announced that it will formally change
its corporate name to Destination XL Group, Inc. to reflect the Company's
transition to its Destination XL^® (DXL^®) retail stores and DestinationXL.com
e-commerce website. As previously announced, the Company's ticker symbol was
changed to "DXLG" effective Wednesday, December 5, 2012. The name change will
be effective as of Monday, February 25, 2013.
"The transformation to the Destination XL concept provides the Company with an
exciting opportunity for growth," said David Levin, President and CEO.
"Changing our name to Destination XL Group, Inc. truly reflects who we are
today as we expand the Destination XL concept and rebrand the Company as a
whole. The 49 Destination XL stores currently in operation and our
DestinationXL.com website have already proven to be successful, and we are
confident that this transformation will accelerate our long-term sales and
profitability."
The Company's common stock will be assigned a new CUSIP number of 25065K 104
in connection with the name change. Outstanding stock certificates will not be
affected and will not need to be exchanged.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In: News
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in