Suiting Up for a Turnaround
The fourth-quarter was challenging for any clothing retailer that stocked winter weather items. Sales throughout Casual Male's (CMRG) outlets were no exception. But the company has implemented a larger strategic change, which I think will make it a solid turnaround play in the coming year.
Casual Male is the largest retailer of big-and-tall men's apparel, operating 428 Casual Male XL retail outlets, 14 Rochester Clothing stores, 16 DestinationXL stores, and further selling via catalogs and e-commerce sites. The firm has operations in the U.S., Canada, and Europe. Although the eponymous Casual Male outlets are by far the most numerous properties now, the firm's small but growing number of new DestinationXL (DXL) stores is Casual Male's future....513 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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