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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 2, 2006
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 2, 2006, Casual Male Retail Group, Inc. (the "Company") issued a
press release announcing the Company's sales for the third quarter and nine
months of fiscal 2006. A copy of this press release is attached hereto as
Exhibit 99.1.
ITEM 9.01 Financial Statements and Exhibits
(d) Exhibits
Exhibit No. Description
----------- ------------
99.1 Press Release announcing sales for
the third quarter and nine months of fiscal 2006
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 2, 2006
For Information Contact:
Company Contact:
Jeff Unger, Investor Relations
(561) 514-0115
Andrew Bard, Weber Shandwick Worldwide
(212) 445-8368
Casual Male Retail Group Reports
Third Quarter Total Comparable Sales Increase of 13.0%
CANTON, MA, November 2, 2006 -- Casual Male Retail Group, Inc.
(NASDAQ/NMS: "CMRG"), retail brand operator of Casual Male XL and
Rochester Big & Tall, today reported its sales results for the third
quarter and the nine months of fiscal 2006.
Total sales for the 13 week period ended October 28, 2006 increased
14.0% to $106.9 million from $93.8 million for the prior year's
comparable 13 week period ended October 29, 2005. Comparable sales for
the third quarter of fiscal 2006 increased 13.0% when compared with the
third quarter of fiscal 2005.
For the nine months ended October 28, 2006, total sales increased 10.2%
to $321.5 million from $291.7 million for the nine months ended October
29, 2005. Comparable sales for the nine months of fiscal 2006
increased 9.7% when compared with the nine months of the prior year.
"This is our 12th consecutive quarter of comparable sales increases and
this quarter's sales performance surpassed our highest expectations,"
said David Levin, President and CEO of Casual Male Retail Group, Inc.
"The transformation to Casual Male XL was a primary driver in our sales
results, as the trend continued with an increase in customer traffic,
an acceleration of new customers and an increase in average unit
retails. Once again, the sales results were achieved with less
promotional activity than a year ago, which will benefit our gross
margins in the third quarter. After SG&A expenses including the
previously announced expense increases in marketing for new customers,
corporate rent and performance bonuses, earnings for the third quarter
are within the Company's expectations."
The Company expects to release its third quarter fiscal 2006 earnings
on November 16, 2006 and will hold a conference call and web cast at
11:00 AM ET at http://www.casualmale.com/investor.
During the conference call, the Company may discuss and answer
questions concerning business and financial developments and trends.
The Company's responses to questions, as well as other matters
discussed during the conference call, may contain or constitute
information that has not been disclosed previously.
Casual Male Retail Group, Inc., the largest retailer of big and tall
men's apparel with retail operations throughout the United States,
Canada and London, England, operates 484 Casual Male XL stores, the
Casual Male e-commerce site, Casual Male catalog business, 12 Casual
Male at Sears-Canada stores, 25 Rochester Big & Tall stores and a
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."
The discussion of forward-looking information requires management of
the Company to make certain estimates and assumptions regarding the
Company's strategic direction and the effect of such plans on the
Company's financial results. The Company's actual results and the
implementation of its plans and operations may differ materially from
forward-looking statements made by the Company. The Company encourages
readers of forward-looking information concerning the Company to refer
to its prior filings with the Securities and Exchange Commission that
set forth certain risks and uncertainties that may have an impact on
future results and direction of the Company.
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