Casual Male Retail Group, a Canton-based retailer that sells clothing to big and tall men, said that it will change its NASDAQ Global Market ticker symbol to DXLG from CMRG, effective Wednesday.
In a press release, the company said that the ticker change will reflect its transition to its Destination XL retail stores and DestinationXL.com e-commerce website --- changes that were announced earlier this year.
‘‘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,’’ president and chief executive David Levin said in a statement. ‘‘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.’’
The company 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.