May 16, 2018 / 6:21 PM / 2 months ago

BRIEF-Destination Xl Group Committs To Restructuring Plan, Sees To Remove 15% Of Corportate Workforce

May 16 (Reuters) - Destination XL Group Inc:

* DESTINATION XL GROUP INC - ON MAY 16, 2018, DESTINATION XL GROUP COMMITTED TO A CORPORATE RESTRUCTURING PLAN

* DESTINATION XL GROUP INC - RESTRUCTURING PLAN EXPECTS TO ELIMINATE APPROXIMATELY 56 POSITIONS

* DESTINATION XL GROUP INC - CO EXPECTS TO INCUR CHARGES IN Q2 OF FISCAL 2018 OF ABOUT $1.7 MILLION

* DESTINATION XL GROUP INC - CASH EXPENDITURES ASSOCIATED WITH RESTRUCTURING ARE EXPECTED TO BE APPROXIMATELY $1.3 MILLION

* DESTINATION XL GROUP INC - AS A RESULT OF RESTRUCTURING, CO EXPECTS TO REALIZE SAVINGS OF ABOUT $5.6 MILLION IN SG&A EXPENSES IN FISCAL 2018 Source text : ( bit.ly/2IM0Oqw ) Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below