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15 Retailers Most Vulnerable to Credit Defaults and Bankruptcy: S&P

2020 saw a record number of retailers go bankrupt as the pandemic destroyed their business. 2021 is off to a better start, but there are still some retailers that are vulnerable to bankruptcy. S&P says these 15 retailers have anywhere from an 11.7%-32.8% chance of credit defaults in a year. 2020 was a banner year for US retail bankruptcies. Back in March 2020, as the pandemic set in and governors across the country asked non-essential businesses to close, retailers found themselves between a rock and a hard place.  On one hand was a sudden and dramatic decline in sales as standalone stores shuttered and foot traffic dried up at malls. On the other hand was a quick pivot in consumer spending people cared a lot less about dressing well when they were stuck at home, and cared a lot more about stocking up on essentials like food and paper goods.

What s next for Destination XL after last year s calamity in menswear?

What s next for Destination XL after last year s calamity in menswear? The big-and-tall specialist s sales shrank by nearly a third in 2020 as offices went dark and events were nixed. Executives discuss how they navigated the turmoil. Published May 4, 2021 Daphne Howland/Retail Dive By the first week of February 2020, warning lights were flashing for executives of big-and-tall apparel seller Destination XL Group. CEO Harvey Kanter had seen the effects of the SARS outbreak in Southeast Asia and other countries nearly two decades ago. As a new coronavirus outbreak began last year, Kanter could see signals of a major event building as he spoke with overseas business contacts. 

DXL Big + Tall Donates Over $250,000 To Feeding America® s COVID-19 Response Fund

DXL Big + Tall Donates Over $250,000 To Feeding America®’s COVID-19 Response Fund Share Article Destination XL Group, Inc., the largest omnichannel specialty retailer of big and tall men s clothing, announced today that it has donated more than $250,000 to Feeding America’s COVID-19 Response Fund, driven by a portion of sales from their protective face masks. “We knew our responsibility was even greater than providing these essential masks we wanted to help the most vulnerable members of the community as well. Feeding America’s COVID-19 Response Fund helps us do just that,” said Harvey Kanter, DXL Big + Tall President and CEO.

DXL Group Promotes Stacey Jones to Chief Human Resources Officer

Press release content from Globe Newswire. The AP news staff was not involved in its creation. DXL Group Promotes Stacey Jones to Chief Human Resources Officer Destination XL Group, Inc.February 19, 2021 GMT CANTON, Mass., Feb. 19, 2021 (GLOBE NEWSWIRE) Destination XL Group, Inc. (OTCQX: DXLG) announced today that Stacey Jones has been promoted to Chief Human Resources Officer (CHRO), effective February 21, 2021. From 2001 to 2018, Jones held a variety of positions with increasing responsibility in both Retail Operations and Human Resources for DXLG. Since 2018 she has served as DXLG’s Vice President, Managing Director of Human Resources. Jones is responsible for all aspects of the Company’s people strategy and culture, including talent management and development, diversity and inclusion, compensation, benefits, associate relations and compliance, HR information systems, as well as payroll and associate engagement. Her background and expertise in leadership and team develo

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