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Destination XL Taps $17.5 Million Loan to Fuel Liquidity After Difficult Fiscal 2020

Retail TouchPoints

Destination XL, which operates the DXL Big + Tall and Casual Male XL brands and ecommerce sites including dxl.com, has pivoted its operations to recover from the pandemic. Efforts include adjusting its product assortment, negotiating relief in occupancy costs and restructuring its operating expenses.

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Costco, Nordstrom And Abercrombie Results Showcase Retail Fortunes Across Three Verticals

Retail TouchPoints

Net income was $838 million compared to $906 million in Q1 2019, dragged down by $283 million in wage increases and sanitation-related costs. The company entered 2020 with $850 million in cash reserves, and has plans to save $500 million in operating expenses, capital expenditures and working capital during fiscal 2020.

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Jason & Scot Show Episode 299 – Thanksgiving Week 2022 with Rob Garf of Salesforce

Retail Geek

Average discount rate globally it was twenty-seven percent and we can talk about how that looks your rear and how it looked, compared to 2019 but even with those large discounts and by the way those are large discounts compared to any normal day. Anticipating that will be a key storyline come February Scott.