Destination Xl Group, Inc. (NASDAQ: DXLG)

Destination XL Group, Inc. is the leading specialty retailer of big + tall men's apparel in the United States. The company operates a chain of retail stores under the Destination XL, DXL and Casual Male XL brands, as well as outlet stores for those banners. It also runs an ecommerce platform and mobile app that allow customers to shop online. The business focuses on offering a broad assortment of clothing and footwear in extended sizes, ranging from value oriented to luxury oriented products.

Destination XL Group, Inc. generates revenue primarily from the sale of men's apparel and footwear through its physical stores and digital channels. The company offers its own private label brands alongside a variety of national brands, organizing merchandise into good, better and best price tiers. Sales are earned when customers purchase items in stores, via the ecommerce website, through the mobile app or from marketplace partners. The outlet stores contribute additional revenue by selling discounted merchandise. The company's revenue also includes income from services such as order fulfillment and shipping for online orders.

Destination XL Group, Inc. holds a leading position in the big + tall men's apparel market, which it defines as clothing for waist sizes of 38 inches and above and tops sized 1XL and larger. The company differentiates itself through a proprietary fit system that provides many more size combinations than typical retailers and through exclusive agreements with national brands that make certain styles unavailable elsewhere. Its main competitors include department stores such as Kohl's and J. C. Penney, mass merchandisers like Walmart, other specialty apparel retailers and discount or off price chains. The company's competitive advantages stem from its focused product assortment, integrated store and online operations, and its loyalty program that encourages repeat visits.

Destination XL Group, Inc. serves men who require larger clothing sizes, encompassing a wide range of ages, income levels and lifestyle preferences. Its customers include those seeking casual wear, business attire, activewear and formal garments in sizes that start at 38 inch waists and extend upward. The retailer also appeals to value oriented shoppers through its outlet stores and to luxury buyers through its best tier offerings. While the core focus is on men, the company's recent merger with FullBeauty expands its reach to plus size women, although that combination had not been reflected in the historical customer base described in the filing.