US’ DXL Group faces challenges in FY24, focuses on strategic growth
Destination XL Group has reported sales of $467 million in FY24, down 10.6 per cent YoY, with net income of $3.1 million. Despite a challenging retail landscape, the company invested in digital upgrades, brand awareness, and store conversions. In Q4, sales declined by 13.1 per cent YoY. FY25 began with a 12.5 per cent drop in comparable sales, but recovery is expected in the second half of the year.
Destination XL Group has reported sales of $467 million in FY24, down 10.6 per cent YoY, with net income of $3.1 million.
Despite a challenging retail landscape, the company invested in digital upgrades, brand awareness, and store conversions.
In Q4, sales declined by 13.1 per cent YoY.
FY25 began with a 12.5 per cent drop in comparable sales, but recovery is expected in the second half of the year.
