Destination XL Group, Inc. reported second quarter fiscal 2026 results with total sales of $111.6 million, a 3.4% decline from the prior year period. Comparable sales decreased 3.5%, driven by lower traffic across stores and digital channels, though sequential trends improved from May through July. Net income was $2.0 million, or $0.04 per diluted share, compared to a net loss of $(0.3) million in the previous year, primarily due to a $4.6 million tariff refund. Adjusted EBITDA rose to $7.7 million from $4.7 million. The company also announced that its Board has determined the proposed merger with FullBeauty is no longer advisable and recommended shareholders vote against the issuance proposal. Destination XL Group operates as an integrated-commerce specialty retailer of Big + Tall men’s clothing and footwear.

Destination XL Group appointed James E. Olsson as Executive Vice President and Chief Growth Officer, effective September 6, 2026. The role is newly created to oversee direct businesses, retail stores, merchandising, planning, global sourcing, and brand strategy. Olsson receives an annual base salary of $475,000, a one-time restricted stock unit award valued at $250,000, and a $100,000 sign-on cash payment due December 11, 2026. He is eligible for an annual target bonus equal to 60% of his base salary and long-term incentive awards targeting 90% of his base salary. Olsson previously served as a consultant to the company from September 2025 through September 2026. Destination XL Group operates in the specialty retail industry, serving as the leading integrated-commerce retailer of Big + Tall men’s clothing and footwear.

Destination XL Group, Inc., FBB Holdings I, Inc., and Merger Sub entered into an Amendment to the Agreement and Plan of Merger on August 19, 2026. This amendment extends the termination date for the proposed merger from September 11, 2026, to October 30, 2026. The remainder of the original agreement remains in full force. Destination XL Group operates as a specialty retailer of plus-size apparel and accessories.

Destination XL Group, Inc. received Nasdaq approval to transfer its common stock listing from the Nasdaq Global Market to the Nasdaq Capital Market due to failure to maintain a $1.00 minimum bid price. The transfer becomes effective on August 7, 2026, with trading continuing under the symbol DXLG. This action grants the company an additional 180-day compliance period until February 1, 2027, to restore the stock price above $1.00 for ten consecutive business days. Management intends to monitor the bid price and may implement a reverse stock split if necessary to regain compliance before the deadline. Failure to comply by February 1, 2027, could result in delisting. Destination XL Group operates as an off-price retailer of men's plus-size apparel.

On July 8, 2026, Destination XL Group, Inc. issued a press release detailing the Board of Directors' recommendation regarding a revised unsolicited tender offer from Zodiac Partners II. The company operates in the retail industry, specializing in big and tall men's apparel.

Destination XL Group, Inc. issued a press release on June 23, 2026, regarding its review of a revised, unsolicited tender offer from Zodiac Partners II. The company is a retailer of men's big and tall clothing.