Ceo David Levin took discussion of first-quarter results as an opportunity to argue the health of the transitioning business after being put on a default risk list by S&P.
The big and tall men’s retailer will also open fewer DXL stores this year and close 19 Casual Male units.
Starting April 2, ads will begin appearing on TV again targeting big and tall market.
The store will be over 5,000 square feet.
Comparable store sales fell 1.4 percent during the November/December selling period
Comparable-store sales rose 4.6 percent at DXL stores in the second quarter.
Destination XL showed an improvement in sales, but investors couldn’t get past the net loss for the fourth quarter.
Diminished loss and higher revenues surpass analysts’ Q2 expectations.
Stock up more than 8 percent as top and bottom lines exceed expectations.