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DXL history
DXL company history timeline
Designs, Inc. was cofounded in 1976 by Calvin Margolis and Stanley Berger, with the older Margolis serving as chairman and CEO of the company.
The first Designs store, 8,800 square feet in size, opened in Manchester, New Hampshire, in October 1977.
1986: First Levi's outlet store is opened.
In June 1987 Designs went public at $13 a share to raise funds to fuel expansion, with the goal of growing to 100 units over the next three years.
During its first decade in operation, Designs grew at a modest pace, by 1987 totaling just 29 units, all of which were located east of the Mississippi.
In January 1993 Margolis retired as Designs' chairman and CEO, replaced by Berger.
In December 1994, Joel Reichman was promoted to the CEO position, while Berger stayed on as chair.
But the shift to multiple brands proved equally disappointing and in 1998 Designs changed gears yet again, deciding to once more focus on Levi's and Dockers product lines, primarily through its outlet stores.
With the price of Designs' stock depressed, Seymour Holtzman, president of buyout firm Jewelcor Management, acquired close to a 10 percent stake in the company in 1998.
In late 1999 Reichman resigned as president and CEO, replaced by board member John Schultz on an interim basis.
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DXL competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Walmart | 1962 | $681.0B | 2,300,000 | 37,602 |
| Men's Wearhouse | 1973 | $1.5B | 10,001 | - |
| RaceTrac | 1934 | $9.1B | 7,450 | 1,250 |
| Elegant Illusion | - | $11.0M | 6 | - |
| Laurie's Shoes | - | $3.2M | 17 | - |
| Margaret O'Leary | 1990 | $16.0M | 100 | - |
| Gents Formal Wear | - | $44.0M | 125 | - |
| Gothic Cabinet Craft | 1969 | $62.0M | 25 | - |
| House of Fabrics Inc | 1946 | $460.0M | 3,000 | - |
| Jessica McClintock | 1969 | $75.0M | 150 | - |
DXL history FAQs
Zippia gives an in-depth look into the details of DXL, including salaries, political affiliations, employee data, and more, in order to inform job seekers about DXL. The employee data is based on information from people who have self-reported their past or current employments at DXL. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by DXL. The data presented on this page does not represent the view of DXL and its employees or that of Zippia.
DXL may also be known as or be related to DXL, Destination XL Group, Destination XL Group Inc, Destination XL Group Inc., Destination XL Group, Inc. and Destination Xl Group, Inc.