The brand has been affected by lowered orders and foot traffic declines but expects things to improve over 2017.
The athletic company posted revenue of $8.4 billion for the quarter and said net income rose by 20 percent.
A new Boston Consulting Group report, “The New Indian — The Many Facets of a Changing Consumer,” looks at spending in the Asian nation.
The retailer’s former longtime chief executive officer is looking to buy, but said current bidding procedures are making him wary.
The brand’s new leader is looking to “rejuvenate” business with new product assortments and a bigger focus on catalog and e-commerce.
Strong growth at the group’s fashion stationery and premium sleepwear brands offset headwinds in the Australian retail market.
The big and tall men’s retailer will also open fewer DXL stores this year and close 19 Casual Male units.