DXL Statistics and Facts for 2024
Last Updated on: December 13th, 2024
Here are a few of the most interesting DXL statistics and facts I was able to dig up including store count, revenue totals and employee counts. As always, be sure to check back in the future as I will be updating this post as new and updated stats become available.
DXL Facts
Here is pretty much everything you ever wanted to know about DXL.
- Website: Official Website
- Year Founded: 1976
- Headquarters: Canton, MA
- Founder(s): Calvin Margolis and Stanley Berger
- Current Chief Executive: Harvey Kanter
Destination XL Group, Inc. (DXL) is a leading retailer specializing in men’s big and tall apparel and footwear. Headquartered in Canton, Massachusetts, the company operates over 290 retail and outlet stores across the United States under the DXL and Casual Male XL brands. Additionally, DXL serves customers through its e-commerce platform, dxl.com, and a dedicated mobile app, extending its reach to international markets including Canada, the United Kingdom, and Greater China.
Founded in 1976 as Designs, Inc., the company rebranded to Destination XL Group, Inc. in 2013 to better reflect its focus on the big and tall men’s market. DXL offers a diverse range of clothing, from casual wear to formal attire, featuring both private-label and name-brand merchandise. This extensive selection caters to various lifestyles and preferences, ensuring that customers have access to stylish and well-fitting apparel.
In line with its commitment to growth, DXL announced a strategic collaboration with Nordstrom, Inc. in April 2024. This partnership aims to extend DXL’s expertise in fit and style to a broader segment of the underserved big and tall consumer market, launching on Nordstrom’s digital platform.
DXL Revenue Totals
DXL annual sales:
- FY 2023: $521.8 million
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FY 2022: $545 million
- FY 2021: $505 million
- FY 2020: $318 million
- FY 2019: $474 million
- FY 2018: $473 million
- FY 2017: $468 million
- FY 2016: $450 million
- FY 2015: $442 million
DXL annual net income:
- FY 2023: $27.9 million
-
FY 2022: $89.1 million
- FY 2021: $56.7 million
- FY 2020: $64.5 million net loss
- FY 2019: $7.8 million net loss
- FY 2018: $13.5 million net loss
- FY 2017: $18.8 million net loss
- FY 2016: $2.3 million net loss
- FY 2015: $8.4 million net loss
Please note that some of these numbers are easier to find than others. A few of these DXL statistics come from their own reports, but some are based on news reports and not official company tallies. No information contained on DMR should be relied upon to make investment decisions. Basically, this is the best I can find and I don’t guarantee anything to be 100%.
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