Casual Male Retail Group Inc. posted net income of $3.6 million for the fourth quarter, compared to a net loss of $108 million in the prior year.
The direct marketer and retailer reported sales of $110.7 million for the quarter ended Jan30, a 10.1% decrease from $121.9 million last year.
The Canton, MA firm reported that gross margin increased 760 basis points to 46.4% over the prior year.
Management attributed this to improvements in merchandise margin, which was partially offset by deleveraging of fixed occupancy costs.
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