Casual Male Retail Group

Casual Male Retail Group

Infobox Company
name = Casual Male Retail Group

type = Public nasdaq|CMRG
genre =
foundation = (1976)
founder = Calvin Margolis
Stanley Bergercite web |url=http://www.secinfo.com/dsvRx.a13u.htm |title=Casual Male Retail Group Inc - DEF 14A - For 6/13/95 |publisher=SEC Info |accessdate=2007-12-16]
location_city = Canton, Massachusetts
location_country = U.S.
location =
locations = 500 storescite news |author=Jerry Large |title=New lifestyle catalog aims at the living-large market |url=http://seattletimes.nwsource.com/html/nationworld/2003728813_large31.html |work=Seattle Times |date=May 31 2007 |accessdate=2008-05-13]
area_served = United States
Canada
London, England [cite web |url=http://www.marketwatch.com/tools/quotes/profile.asp?symb=CMRG |title=CMRG Profile - Casual Male Retail Grp Inc Profile - CMRG Company Information - Casual Male Retail Grp Inc Company Information |publisher=MarketWatch |accessdate=2008-05-13]
key_people = David A. Levin, CEOcite news |title=Casual Male Retail Group - 2007 Globe 100 |url=http://www.boston.com/business/globe/globe100/2007/profiles/CMRG.htm |work=The Boston Globe |date=May 22 2007 |accessdate=2008-05-13]
industry = Retail
products = Clothing
services =
revenue = US$467.51 million
operating_income =
net_income = US$42.63 million
assets =
owner =
num_employees = 3092
parent =
divisions =
subsid =
slogan =
homepage = [http://www.casualmalexl.com www.casualmalexl.com]
footnotes =
intl =

Casual Male Retail Group, Inc. is a chain of specialty clothing retail stores based in Canton, Massachusetts that operates under the trade names Casual Male XL, Rochester Big & Tall Clothing, and Sears Canada-Casual Male. It is the largest retailer of such clothing, with about 500 locations in the United States, England and Canada. [cite news |title=SAC Capital Discloses 6.2% Stake in Casual Male (CMRG) |url=http://www.streetinsider.com/13Gs/SAC+Capital+Discloses+6.2%25+Stake+in+Casual+Male+(CMRG)/1381571.html |publisher=StreetInsider.com |date=November 27 2006 |accessdate=2008-05-13]

National brands carried by the chain include Caribbean Joe, Nautica Jeans, Geoffrey Beene, Izod, and Reebok. Its in-house brands include Harbor Bay, Comfort Zone, Synrgy, and Platinum Series. In addition, the Rochester stores carry such brands as Burberry, Ermenegildio Zegna, Polo Ralph Lauren, Tommy Bahama, and their in-house brands Rochester 1906 and Castagne. [http://www.casualmale.com/store/en_US/static/aboutus.jsp About Us] . Casual Male Retail Group. Retrieved on 2007-12-16.]

History

Casual Male Retail Group was founded in 1976 by Calvin Margolis and Stanley Berger as Designs, Inc., a chain of retail stores that sold Levi's Dockers.

In May 2002, Designs bought Casual Male, a bankrupt specialty retailer of men's apparel. Focusing on the big and tall business, Designs sold off its other business lines and changed its name to Casual Male. [cite news |author=Larry Dignan |title=Casual Male CEO: Can IT Keep Inventory Fit? |work=Baseline |url=http://www.baselinemag.com/article2/0,1540,1896906,00.asp |date=December 6 2005 |accessdate=2008-05-13]

In 2004, Casual Male hired former champion boxer George Foreman to promote the chain and become the spokesman for new lines of clothing bearing his name. Also in 2004, Casual Male began a program to remodel its stores. [cite news |author=Chris Reidy |title=The ad champ |url=http://www.boston.com/business/globe/articles/2004/02/10/the_ad_champ/ |work=The Boston Globe |date=February 10 2004 |accessdate=2007-12-16 |pages=D1] [cite news |author=Naomi Aoki |title=Casual Male's heavyweight hopes |url=http://www.boston.com/business/globe/articles/2004/07/06/casual_males_heavyweight_hopes/ |work=The Boston Globe |date=July 6 2004 |accessdate=2008-05-13]

In 2005, Casual Male changed the name of its stores from Casual Male Big & Tall to Casual Male XL. [cite news |author=Mark Jewell|title=In with 'XL,' out with 'Big & Tall' for men's large-size clothier |url=http://www.signonsandiego.com/news/business/20060810-0956-bigandtall.html |work=San Diego Union-Tribune|publisher=Associated Press |date=August 10 2006 |accessdate=2007-12-17]

In 2006, the Casual Male purchased Jared M., a custom clothing business that catered to professional athletes and other high profile clients. Casual Male decided in 2007 to discontine the Jared M. operation due to concerns about its long-term performance. [cite news |title=Casual Male Retail Group reports wider 3Q loss; exits Jared M. operations |url=http://www.forbes.com/markets/feeds/afx/2007/11/27/afx4376406.html |publisher=Thompson Financial |date=November 27 2007 |accessdate=2008-05-13]

References

External links

* [http://www.casualmale.com/store/en_US/index.jsp Official site]
* [http://www.fundinguniverse.com/company-histories/Casual-Male-Retail-Group-Inc-Company-History.html Casual Male Retail Group - Company History] at FundingUniverse.com


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