Destination XL Group Inc: Drops on lower Q3 sales

Destination XL

20/11/2020 15:58

** Clothing retailer's shares  DXLG.O  down 16.3% at $0.31
    ** Company posts Q3 sales of $85.2 mln vs $106.6 mln a year
earlier  urn:newsml:reuters.com:*:nGNX1G19dQ
    ** Quarterly comparable sales down 20.5% 
    ** DXLG says COVID-19 resurgence, West Coast fires and
election distractions slowed October sales
    ** Two restructurings have reduced company's corporate
workforce by 29% and store workforce by 54% since the beginning
of the year - CEO Harvey Kanter
    ** Shares down 75.26% so far this year

 (Reporting by Rithika Krishna)
 ((Rithika.Krishna@thomsonreuters.com))