Menswear apparel retailer Casual Male Retail Group Inc, retail brand operator of Casual Male Big and Tall, Casual Male XL and Rochester Big & Tall, has reported its sales results for the fourth quarter and fiscal year 2005.
Total sales for the 13 week period ended January 28, 2006 increased 8.7 percent to $128.4 million from $118.2 million for the prior year's 13 week period ended January 29, 2005. Comparable store sales for the fourth quarter of fiscal 2005 increased 7.9 percent when compared with the fourth quarter of fiscal 2004.
For the fiscal year end January 28, 2006, total sales increased 19.4 percent to $420.9 million from $352.4 million for the fiscal year end January 29, 2005. Comparable store sales for the fiscal year 2005 increased 4.6 percent when compared with the twelve months of the prior year.
CMRG's sales results for the prior fiscal periods exclude sales related to its divested Other Branded Apparel Businesses and include all Rochester Big & Tall sales as of the acquisition date of October 29, 2004.
David Levin, Chief Executive Officer and President of Casual Male said, "The strong sales result for the fourth quarter was our ninth consecutive quarter of positive comp sales. The substantial improvement in our in-stock position through our new internal systems and an excellent offering of seasonal products, which sold without excessive promotional activity, highlighted the Company's results.”
On January 31st 2006, the company announced that it had entered into a sale-leaseback transaction with Spirit Finance Corporation. The transaction, which involved the sale for $57 million and the immediate leaseback of the company's headquarters and distribution center located in Canton, MA, closed and was funded on February 1st 2006.
CMRG, the largest retailer of big and tall men's apparel with retail operations throughout the United States, Canada and London, England, operates 483 Casual Male Big & Tall and Casual Male XL stores, the Casual Male e-commerce site, Casual Male catalog business, 13 Casual Male at Sears-Canada stores, 24 Rochester Big & Tall stores and a direct to consumer business.
Casual Male Retail Group Inc
marketing@alchempro.com
