Casual Male Jumps Back to Profitability

Posted on by Chief Marketer Staff

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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