Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

Coliseum Takes 5% Stake in Casual Male Retail Group (CMRG)

According to a 13G filed with the SEC, Coliseum Capital Management has acquired a total of nearly 2.5 million shares of Casual Male Retail Group, Inc. (NASDAQ:CMRG). According to our database of 13F filings, Coliseum had owned 2.4 million shares of the specialty mens’ retailer at the end of September (see more stocks that Coliseum owned). Coliseum is managed by Christopher Shackelton, who had previously worked at Watershed Asset Management, and Adam Gray. At a market cap of about $185 million, Casual Male trades at 17 times forward earnings estimates. The company reported flat revenue in its most recent fiscal quarter (which ended in October) compared to the same period in the last fiscal year.

According to Yahoo Finance, Casual Male Retail Group, Inc., together with its subsidiaries, operates as a specialty retailer of big and tall men’s apparel in the United States, Canada, and Europe. The company operates its stores under the Casual MaleXL, Casual MaleXL Outlets, DestinationXL, Rochester Clothing, B&T Factory Direct, ShoesXL, and LivingXL names. Its stores offer sportswear, dress clothing, footwear, suits, loungewear, neckwear, and accessories; basic items, including jeans, casual slacks, tee-shirts, polo shirts, dress shirts, and suit separates; and lifestyle products, such as chairs, outdoor accessories, travel accessories, bed and bath products, and fitness equipment, as well as a line of its private label collections, such as Harbor Bay, Gold Series, Synrgy, Oak Hill, and True Nation. As of May 18, 2012, the company operated 410 CasualMaleXL retail and outlet stores, 23 DestinationXL stores, and 13 Rochester Clothing stores. Casual Male Retail Group, Inc. also provides its products and services through Websites comprising destinationxl.com, casualmalexl.com, rochesterclothing.com, btdirect.com, livingxl.com, and shoesxl.com; and catalogs.

Loading Comments...