Christophers franklin diyafah & banks international

Amnesty international

You ordered something online

I am about to open a Branch in Nigeria, Abuja Federal capital.

gratitude

Happy new year

New! Portfolio Login / Sign Up Wikinvest Logo - Investing wiki with research about companies, investment concepts, market share, competitors, and more...
Search Search
Casual Male Retail Group (CMRG)
Analysis
SUMMARY
BULLS
BEARS
TOPICS
Data
DATA CENTRAL

STOCK CHART
Financials
SEC FILINGS
BALANCE
INCOME
CASH FLOW
CMRG » Topics » HISTORY
These excerpts taken from the CMRG 10-K filed Mar 23, 2009.
HISTORY
Our Company was incorporated in the State of Delaware in 1976 under the name Designs, Inc. Until fiscal 1995, we operated exclusively Levi Strauss & Co. branded apparel mall and outlet stores. In May 2002, we acquired the Casual Male business from Casual Male Corp. at a bankruptcy court-ordered auction. At the time of the acquisition, Casual Male was the largest retailer of men’s clothing in the big & tall market in the United States. As a result of the acquisition and the significance of it to the growth and future identity of our Company, on August 8, 2002, we changed our name to “Casual Male Retail Group, Inc.”
Since the acquisition in 2002, we have invested approximately $75.0 million, of the total $105.0 million spent in capital over the past six years, toward rebuilding our infrastructure, including:

•
modernizing our information technology, benefiting every aspect of our operations from distribution, global sourcing, store operations and merchandise planning to overall inventory management and profitability;


•
updating and restructuring our distribution center with an enhanced warehousing application that significantly streamlined our distribution processes, enhanced our in-transit times and significantly reduced our costs;


•
refreshing our real estate portfolio through our remodeling and relocation initiatives. Since 2002, we have remodeled approximately 262 of our Casual Male retail and outlet stores and have relocated another 50 to improved locations;


3
Table of Contents
•
acquiring Rochester Clothing in fiscal 2004, with its then 24 retail stores; and,


•
re-branding all of our Casual Male stores, including all signage, from Casual Male Big & Tall to Casual Male XL. This name change helped to remove the stigma associated with the words “big & tall” and was positively received throughout the chain.

HISTORY
STYLE="margin-top:6px;margin-bottom:0px">Our Company was incorporated in the State of Delaware in 1976 under the name Designs, Inc. Until fiscal 1995, we operated exclusively Levi Strauss & Co. branded
apparel mall and outlet stores. In May 2002, we acquired the Casual Male business from Casual Male Corp. at a bankruptcy court-ordered auction. At the time of the acquisition, Casual Male was the largest retailer of men’s clothing in the
big & tall market in the United States. As a result of the acquisition and the significance of it to the growth and future identity of our Company, on August 8, 2002, we changed our name to “Casual Male Retail Group, Inc.”
Since the acquisition in 2002, we have invested approximately $75.0 million, of the total $105.0 million spent in capital over the past six years, toward
rebuilding our infrastructure, including:


•
modernizing our information technology, benefiting every aspect of our operations from distribution, global sourcing, store operations and merchandise planning to
overall inventory management and profitability;



•
updating and restructuring our distribution center with an enhanced warehousing application that significantly streamlined our distribution processes, enhanced our
in-transit times and significantly reduced our costs;



•
refreshing our real estate portfolio through our remodeling and relocation initiatives. Since 2002, we have remodeled approximately 262 of our Casual Male retail
and outlet stores and have relocated another 50 to improved locations;



3

Table of Contents

•
acquiring Rochester Clothing in fiscal 2004, with its then 24 retail stores; and,

STYLE="font-size:6px;margin-top:0px;margin-bottom:0px">

•
re-branding all of our Casual Male stores, including all signage, from Casual Male Big & Tall to Casual Male XL. This name change helped to remove the
stigma associated with the words “big & tall” and was positively received throughout the chain.

These excerpts taken from the CMRG 10-K filed Mar 26, 2008.
HISTORY
Our Company was incorporated in the State of Delaware in 1976 under the name Designs, Inc. Until fiscal 1995, we operated exclusively Levi Strauss & Co. branded apparel mall and outlet stores. In fiscal 1995, we began seeing limited growth opportunities with Levi Strauss & Co. and started to embark on several private label diversification strategies.
While implementing these strategies, but with limited opportunity to expand our mature Levi’s®/Dockers® business, in May 2002 we acquired the Casual Male business from Casual Male Corp. at a bankruptcy court-ordered auction. At the time of the acquisition, Casual Male was the largest retailer of men’s clothing in the big & tall market in the United States. As a result of the acquisition and the significance of it to the growth and future identity of our Company, on August 8, 2002 we changed our name to “Casual Male Retail Group, Inc.”

3
Table of Contents
HISTORY
STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Our Company was incorporated in the State of Delaware in 1976 under the name Designs, Inc. Until fiscal 1995, we operated exclusively Levi
Strauss & Co. branded apparel mall and outlet stores. In fiscal 1995, we began seeing limited growth opportunities with Levi Strauss & Co. and started to embark on several private label diversification strategies.
STYLE="margin-top:12px;margin-bottom:0px; text-indent:4%;padding-bottom:3px;line-Height:95%; vertical-align:top">While implementing these strategies, but with limited opportunity to expand our mature
Levi’s®/Dockers® business, in May 2002 we acquired the Casual Male business from Casual Male Corp. at a bankruptcy
court-ordered auction. At the time of the acquisition, Casual Male was the largest retailer of men’s clothing in the big & tall market in the United States. As a result of the acquisition and the significance of it to the growth and
future identity of our Company, on August 8, 2002 we changed our name to “Casual Male Retail Group, Inc.”


3

Table of Contents

This excerpt taken from the CMRG 10-K filed Apr 2, 2007.
HISTORY
Our Company was incorporated in the State of Delaware in 1976 under the name Designs, Inc. Until fiscal 1995, we operated exclusively Levi Strauss & Co. branded apparel mall and outlet stores. In fiscal 1995, we began seeing limited growth opportunities with Levi Strauss & Co. and started to embark on several private label diversification strategies.
While implementing these strategies, but with limited opportunity to expand our mature Levi’s®/Dockers® business, in May 2002 we acquired the Casual Male business from Casual Male Corp. at a bankruptcy court-ordered auction. At the time of the acquisition, Casual Male was the largest retailer of men’s clothing in the big & tall market in the United States. As a result of the acquisition and in view of the significance of it to the growth and future identity of our Company, on August 8, 2002 we changed our name to “Casual Male Retail Group, Inc.”
This excerpt taken from the CMRG 10-K filed Mar 31, 2006.
History
Our Company was incorporated in the State of Delaware in 1976 under the name Designs, Inc. Until fiscal 1995, we operated exclusively Levi Strauss & Co. branded apparel mall and outlet stores. In fiscal 1995, we began seeing limited growth opportunities with Levi Strauss & Co. and started to embark on several private label diversification strategies.
While implementing these strategies, but with limited opportunity to expand our mature Levi’s®/Dockers® business, in May 2002 we acquired the Casual Male business from Casual Male Corp. at a bankruptcy court-ordered auction. At the time of the acquisition, Casual Male was the largest retailer of men’s clothing in the big & tall market in the United States. As a result of the acquisition and in view of the significance of it to the growth and future identity of our Company, on August 8, 2002 we changed our name to “Casual Male Retail Group, Inc.”
Since May 2002, we have been implementing our strategic turnaround initiatives and our plans to increase profitability to re-position us to become the premier global specialty men’s apparel retailer catering to the big & tall niche market. These efforts included:

• reducing the high expense base of the Casual Male business;

3
Table of Contents
• modernizing our information technology and inventory systems;

• restructuring merchandise assortments to better meet the needs of our target customers;

• enhancing and growing our catalog and internet businesses;

• improving our merchandise sourcing; and

• divesting our under-performing and non-core business segments which included our Levi’s®/Dockers® business and our Ecko Unltd.® business which was completed in fiscal 2004.
To better serve a broader group of our target customers, in fiscal 2004 we acquired Rochester Big & Tall Clothing (“Rochester”). As part of the acquisition, we acquired 22 retail stores, 21 located in major cities in the United States and one in London, England, in addition to a growing catalog and e-commerce business.
This excerpt taken from the CMRG 10-K filed Apr 11, 2005.
HISTORY

The Company was incorporated in the State of Delaware in 1976 under the name Designs, Inc. Until fiscal 1995, the Company operated exclusively Levi Strauss & Co. branded apparel mall and outlet stores. In fiscal 1995, the Company began seeing limited growth opportunities with Levi Strauss & Co. and started to embark on several private label diversification strategies.

While implementing these strategies, but with limited opportunity to expand its mature Levi’s®/Dockers® business, in May 2002 the Company acquired the Casual Male business from Casual Male Corp. at a bankruptcy court-ordered auction. At the time of the acquisition, Casual Male was the largest retailer of men’s clothing in the big & tall market in the United States. As a result of the acquisition and in view of the significance of it to the growth and future identity of the Company, on August 8, 2002 the Company’s name was changed to “Casual Male Retail Group, Inc.”

The Company saw significant opportunities to grow the Casual Male business, such as:

• in general the Casual Male brand had previously been under managed;
• its expense base was high;
• little or no capital investment had been made in the Casual Male business for a number of years, and therefore was operating on ineffective, legacy computer systems;
• the merchandise assortments in the store were not targeted to Casual Male’s broad market;

3
Table of Contents
• the stores had not been properly maintained;
• there was no multi-channel operating strategy for its under-achieving direct-to-consumer business; and
• there lacked any strategic initiative to expand its market share.

Since May 2002, the Company has been implementing its strategic turnaround plan to re-position Casual Male to become the premier global specialty men’s apparel retailer catering to the big & tall niche market. At the same time the Company continued to see considerable deterioration in its Levi’s®/Dockers® business and in fiscal 2002 the Company announced that it would downsize and eventually exit the Levi’s®/Dockers® business.

EXCERPTS ON THIS PAGE:
10-K (2 sections)
Mar 23, 2009
10-K (2 sections)
Mar 26, 2008
10-K
Apr 2, 2007
10-K
Mar 31, 2006
10-K
Apr 11, 2005
RELATED TOPICS for CMRG:
Casual Male Retail Group Inc
Documents Incorporated Reference
Part
Industry
Business Strategy
Developments
VIEW MORE
"HISTORY" elsewhere:
Target (TGT)
Christopher & Banks (CBK)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki
About | Blog | Press | Feedback | Help | Get involved
Mobile | Advertise | Licensing & Partnerships | Blogger Tools | Jobs