DESTINATION XL GROUP, INC. Destination XL Group, Inc. executed lease agreements for three new stores, one in each of the Los Angeles, Cincinnati and New York markets. The company expects these stores to open by the end of 2023. During the second quarter of 2023, the company completed the conversion of one Casual Male store to the DXL store format and started to remodel one existing DXL store.
By the end of fiscal 2023, the company expects to open 3 new DXL stores and 10 Casual Male-to-DXL conversion stores and to have begun construction on at least 5 DXL remodels. Over the next three to five years, the company believes it could potentially open 50 net new DXL stores across the country.
