Destination XL Group, Inc. (Nasdaq: DXLG), the leading retailer
specializing in men's Big + Tall apparel, is excited to announce
its strategic hiring of the real estate firm Beta Agency, a
renowned commercial real estate brokerage known for its expert
advisory services. This collaboration marks a significant milestone
in DXL's retail growth strategy, aiming to grow the company's
footprint in prime locations that resonate with the brand's Big
& Tall audience.
CANTON,
Mass., March 20, 2024 /PRNewswire-PRWeb/ -- The
partnership with Beta Agency is set to enhance DXL's expansion
plans, with the opening of nine new stores in 2024. This move is
aligned with DXL's commitment to making high-quality, Big + Tall
apparel easily accessible to all Big + Tall men.
"Our partnership with Beta Agency is a
game-changer for DXL, enabling us to accelerate our retail
footprint buildout with a data-driven approach to retail location
strategy."
Harvey Kanter, President and CEO
of DXL, expressed enthusiasm about the new alliance, stating, "Our
partnership with Beta Agency is a game-changer for DXL, enabling us
to accelerate our retail footprint buildout with a data-driven
approach to retail location strategy. Their expertise in commercial
real estate will empower us to establish our stores in locations
that significantly enhance our accessibility to our customers."
DXL currently has just under 300 retail and outlet stores,
offering a diverse range of styles that cater to the Big + Tall
community. The new stores will continue to reflect DXL's commitment
to providing customers with a personalized shopping experience.
"These new locations underscore our dedication to meeting our
customers' where they live, offering them an expansive selection of
styles that fit perfectly," added Kanter. "It's not just about
expanding our presence; it's about enriching our customers'
shopping experiences and ensuring they find everything they want in
one place."
DXL's focus remains on delivering an unmatched shopping
experience for each Big + Tall customer.
About Destination XL Group, Inc.:
Destination XL Group, Inc. is the leading retailer of Men's
Big + Tall apparel that provides the Big + Tall man the
freedom to choose his own style. Subsidiaries of Destination XL
Group, Inc. operate DXL Big + Tall retail and outlet stores and
Casual Male XL retail and outlet stores throughout the United States, and an e-commerce website,
DXL.COM, and mobile app, which offer a similar solution to the DXL
store experience with the most extensive selection of online
products available anywhere for Big + Tall men. The Company is
headquartered in Canton,
Massachusetts, and its common stock is listed on the Nasdaq
Global Market under the symbol "DXLG." For more information, please
visit the Company's investor relations website.
About Beta Agency
Beta Agency is a leading commercial real estate advisory firm
founded in 2018. Located in Los Angeles,
California, the Beta team curates its real estate solutions
to create a competitive advantage for its valued clients. Beta
Agency represents over 12 million square feet of retail space and
over 70 brands regionally and nationally.
Media Contact
Investor Relations, DXL Big + Tall, 603-933-0541,
Investor.relations@DXLG.com, DXL.com
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SOURCE DXL Big + Tall