CANTON, Mass., Sept. 20, 2022 (GLOBE NEWSWIRE) — Destination XL Group, Inc. (NASDAQ: DXLG), the leading omnichannel specialty retailer of big + tall men’s apparel and footwear, today announced that James Reath will join the team on September 26, 2022 as Chief Marketing Officer. Mr. Reath brings over 20 years of marketing leadership experience with a particular focus on omni-retail, digital marketing, brand building and consumer insights. Prior to joining DXL, Mr. Reath served as SVP, Marketing, Bed Bath & Beyond and SVP, Marketing, Macy’s, Inc. Prior to that, Mr. Reath was EVP, Head of Retail at BBDO (New York), a partner at McKinney, Chief Marketing Officer at Young & Rubicam, and previously held senior positions in senior agencies focused on retail clients. At DXL he will be responsible for the marketing organization including overall marketing strategy, brand, consumer, creative, media, CRM and digital commerce. Mr. Reath holds a Management Certificate from Northwestern University’s Kellogg School of Management, a BA from Western University of London, Ontario, Canada, and serves on the Board of Directors of the American Red Cross.
“We are very pleased that Jim has joined DXL Big + Tall as our new Chief Marketing Officer,” said Harvey Kanter, President and CEO. “Jim’s appointment underscores our ongoing transformation and commitment to expanding the organization’s ongoing focus on customer engagement through data-driven personalization, loyalty and digital marketing,” continued Mr. Kanter.
“I look forward to bringing DXL to a wider audience of tall and tall men and targeting our customers in a personalized way as we seek to grow the business across channels and firmly embrace DXL Big + Tall as a one-stop solution establish for clothing and footwear for tall and tall gentlemen,” said Mr. Reath.
Mr. Reath will replace Ujjwal Dhoot, the Company’s current Chief Marketing Officer, who has informed the Company that he will be leaving the Company effective October 11, 2022.
NASDAQ Listing Rule 5635(c)(4) incentive grant
Mr. Reath will join the Company on September 26, 2022 and will receive a sign-on award of $200,000 in connection with his employment in the form of Restricted Stock Units (“RSUs”), effective October 7, 2022 is granted. The number of shares is calculated by dividing $200,000 by the company’s closing price on the previous trading day. The RSUs vest pro rata in equal annual installments over three years beginning on the first anniversary of the grant date. The RSUs are granted outside of the Company’s shareholder-approved stock compensation plan. The RSUs were approved by the Board’s Compensation Committee, which consists entirely of independent directors, as a key incentive to Mr. Reath’s employment with the Company under Nasdaq Listing Rule 5635(c)(4).
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About Destination XL Group, Inc.
Destination XL Group, Inc. is the leading retailer of men’s Big + Tall apparel, providing a Big + Tall shopping experience that fits – fits his body, fits his style, fits his life. Subsidiaries of Destination XL Group, Inc. operate DXL Big + Tall retail and outlet stores and Casual Male XL retail and outlet stores throughout the United States, as well as a digital commerce website, DXL.com, and a mobile app, the provide a multi-channel solution similar to the DXL store experience with the widest selection of online products available for Big + Tall men. The company is headquartered in Canton, Massachusetts and its common stock is listed on the Nasdaq Global Market under the symbol “DXLG”. For more information, please visit the Company’s Investor Relations website: https://investor.dxl.com.