Casual Male Retail Group, Inc. To Change NASDAQ Ticker Symbol to
"DXLG"
CANTON, Mass., Dec. 4, 2012 /PRNewswire/ -- Casual Male
Retail Group, Inc. (NASDAQ: CMRG), the largest multi-channel
specialty retailer of big & tall men's apparel and accessories,
today announced that it will change its NASDAQ Global Market ticker
symbol to "DXLG" from "CMRG" to reflect the company's transition to
its Destination XL® retail stores and DestinationXL.com e-commerce
website. The new "DXLG" ticker symbol will be effective at the
start of trading on Wednesday, December
5, 2012.
"The Company is in the process of transitioning from the old
Casual Male brand to our new Destination XL ("DXL®") retail stores
and DestinationXL.com website," said President and CEO David Levin. "The 44 DXL stores that are
currently open have out-performed our current Casual Male XL stores
and we are excited about the significant potential growth
opportunities. We currently expect to open 225 to 250 DXL stores
and to close all of our traditional Casual Male XL locations by the
end of fiscal 2015. Our new "DXLG" ticker symbol is better
aligned with the new brand and reflects this growth
initiative."
About Casual Male Retail Group, Inc.
Casual Male Retail Group, Inc. is the largest retailer of men's
apparel in sizes XL and up, with operations throughout the United States, Canada and in London, England. The company is currently in
the process of transitioning from Casual Male XL to focus primarily
on the Destination XL concept. Casual Male Retail Group, Inc.
currently operates 377 Casual Male XL retail and outlet stores, 12
Rochester Clothing stores, 44 Destination XL stores and
direct-to-consumer businesses which include several catalogs and
e-commerce sites, including www.destinationxl.com. The Company is
headquartered in Canton,
Massachusetts, and its common stock will be listed on the
NASDAQ Global Market under the symbol "DXLG" effective December 5, 2012.
Forward-Looking Statements
Certain information contained in this press release
constitutes forward-looking statements under the federal securities
laws, including statements regarding expected new store openings
and growth opportunities. The discussion of forward-looking
information requires management of the Company to make certain
estimates and assumptions regarding the Company's strategic
direction and the effect of such plans on the Company's financial
results. The Company's actual results and the implementation of its
plans and operations may differ materially from forward-looking
statements made by the Company. The Company encourages readers of
forward-looking information concerning the Company to refer to its
prior filings with the Securities and Exchange Commission,
including without limitation, its Annual Report on Form 10-K filed
on March 16, 2012, that set forth
certain risks and uncertainties that may have an impact on future
results and direction of the Company.
Forward-looking statements contained in this press release
speak only as of the date of this release. Subsequent events or
circumstances occurring after such date may render these statements
incomplete or out of date. The Company undertakes no obligation and
expressly disclaims any duty to update such statements.
SOURCE Casual Male Retail Group, Inc.