Destination XL Group cut its losses in the second quarter as comparable-store sales rose and a spring advertising campaign paid dividends.
In the period ended Aug. 4, the Canton, Mass.-based big and tall men’s retailer said losses fell to $1.2 million, or 2 cents a diluted share, from $3.7 million, or 8 cents a share, in the same quarter last year. Comparable-store sales rose 3.3 percent in the period while total sales rose 0.9 percent to $122.1 million, up from $121.1 million last year.
“I’m looking forward to jumping into the creative process and exploring fashion through a different lens,” said actor Michael B. Jordan exclusively to WWD about becoming the first face of @coach ‘s men’s business. Not only will the actor appear in its global ad campaigns, but he will also create a capsule with designer Stuart Vevers. Tap the link in our bio to learn more. #wwdfashion
“The name of the show is GP — giant pockets,” said Karl Lagerfeld pre-show, in his backstage meeting room at @Fendi to Bridget Foley. @Bellahadid was one of the many famous faces who graced the catwalk including @Gigihadid, @Adwoaaboah, and yes, even @Kendalljenner. #wwdfashion
Photographed by Kuba Dabrowski/WWD
“We are obsessed with Fendi and we want to share this obsession,” said CEO Serge Brunschwig to WWD. @Fendi will be releasing a new capsule collection Oct. 16 centered around the Fendi/Fila logo created by Instagram artist @Hey_reilly. Further proving the logo trend isn’t going anywhere. Link in our bio for more details. #wwdfashion