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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 4, 2004
0-15898
(Commission File Number)
______________________________
CASUAL MALE RETAIL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 04-2623104
(State of Incorporation) (IRS Employer
Identification Number)
555 Turnpike Street, Canton, Massachusetts 02021
(Address of registrant's principal executive office)
(781) 828-9300
(Registrant's telephone number)
______________________________
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act(17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act(17 CFR 240.13e-4(c))
ITEM 2.02 Results of Operations and Financial Condition
On November 4, 2004, Casual Male Retail Group, Inc. (the "Company") issued a
Press release announcing the Company's sales for the month and third quarter
ended October 30, 2004. A copy of this press release is attached hereto as
Exhibit 99.1.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Description
----------- ------------
99.1 Press Release announcing Sales for the month and
Quarter ended October 30, 2004 for Casual Male Retail
Group, Inc.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CASUAL MALE RETAIL GROUP, INC.
By: /s/ Dennis R. Hernreich
---------------------------
Name: Dennis R. Hernreich
Title: Executive Vice President
and Chief Financial Officer
Date: November 4, 2004
For Information, Contact:
Company Contact:
Jeff Unger, Investor Relations
(561) 514-0115
Andrew Bard, Weber Shandwick
212-445-8368
Casual Male Retail Group Reports Comparable Store
Sales Increase of 1.6% for the Third Quarter of Fiscal 2004
and .4% for October 2004
CANTON, Mass., November 4, 2004 -- Casual Male Retail Group, Inc.
(NASDAQ/NMS: "CMRG" -), retail brand operator of Casual Male Big &
Tall, the exclusive retailer of George Foreman's clothing collection,
today announced its sales results for October 2004 and the third
quarter of fiscal 2004.
Casual Male reported that October sales results for the Casual Male Big
and Tall stores, catalog and e-commerce, for the four week period ended
October 30, 2004, increased slightly to $24.7 million from $24.5
million reported for the prior year's four week period ended November
1, 2003. Comparable store sales increased 0.4% for the month. For the
third quarter of fiscal 2004, sales for Casual Male increased 1.6% to
$74.2 million from $73.0 million for the third quarter of the prior
year. Casual Male comparable store sales increased 1.6% for the third
quarter of fiscal 2004 and 5.1% for the nine months of fiscal 2004.
Dennis Hernreich, Chief Financial Officer and Chief Operating Officer
said, "The first two weeks of October, we were on a similar promotional
calendar to last year and our comps were trending toward mid single
digits. With our inventory levels in an excellent position, we made a
decision to be less promotional during the final two weeks. The results
from a lesser promotional posture was that Casual Male's markdown rate
for October was substantially less than last year with higher gross
margins, although sales were lower than expected."
"The fourth quarter of fiscal 2004 will be the first quarter during
this year that we increase our direct marketing activity on a similar
promotional calendar while keeping the marketing budget flat with
last year levels. At the same time, we anticipate that our trend of
improving gross margins will continue," said David Levin, Chief
Executive Officer and President.
Casual Male will discuss its third quarter earnings on November 18,
2004 at 11:00 EST. To listen to the web cast, go to
www.casualmale.com/investor and click on the third quarter earnings
icon.
CMRG, the largest retailer of big and tall men's apparel with retail
operations throughout the United States and Canada, operates 495 Casual
Male Big & Tall stores, the Casual Male e-commerce site, Casual Male
catalog business, 13 Casual Male at Sears-Canada stores, 44 Levi's(r)
Outlet by Designs and Dockers(r) Outlet by Designs stores and, 22
Rochester Big & Tall stores and direct to consumer business. The
Company is headquartered in Canton, Massachusetts and its common stock
is listed on the Nasdaq National Market under the symbol "CMRG."