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): February 29, 2012

01-34219

(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))

 

 

 

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Item 8.01 Other Events.

On February 29, 2012, Casual Male Retail Group, Inc. (the “Company”) issued a press release announcing that its first DestinationXL® store in the Middle East will open this spring in Symphony Mall, Kuwait City, Kuwait under a franchise agreement between one of its subsidiaries and The Standard Arabian Business & Enterprises Company (SABECO). 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 dated February 29, 2012

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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.

 

Date: February 29, 2012

Exhibit 99.1

CASUAL MALE RETAIL GROUP, INC.

Signs Franchise Agreement for a DestinationXL store

in Kuwait City, Kuwait

CANTON, MA (February 29, 2012) — Casual Male Retail Group, Inc. (NASDAQ: “CMRG”), the largest retailer of big & tall men’s apparel and accessories, today announced that its first DestinationXL® store in the Middle East will open this spring in Symphony Mall, Kuwait City, Kuwait under a franchise agreement between one of its subsidiaries and The Standard Arabian Business & Enterprises Company (SABECO). The franchise agreement governs the operation of the store and provides that within two years of the store’s opening to the public, the Casual Male Retail Group, Inc. subsidiary has an option to purchase an equity interest in the store. The DestinationXL store is expected to open April, 2012.

David Levin, President and Chief Executive Officer stated, “We are looking forward to the store’s opening and we are excited about the prospects for the region. We believe that SABECO has the expertise to create a successful franchise and operate an outstanding DestinationXL store in the Middle East. We are confident that the customers will be very pleased with the selection and variety of clothing the store will offer.”

Shaikh Nawaf Mubarak Al Sabah, Chairman of SABECO, said, “The Middle Eastern consumer has a very limited selection of big and tall clothing options in our region. We have a long history of shopping at Casual Male’s Rochester Clothing stores in London and New York. There is an incredible opportunity to service the Middle Eastern consumer through the new DestinationXL concept and having CMRG as our franchisor gives us a great opportunity for a successful venture.”

Casual Male Retail Group, Inc., the largest retailer of big and tall men’s apparel with operations throughout the United States, Canada and Europe, operates 419 CasualMaleXL retail and outlet stores, 16 DestinationXL stores, 14 Rochester Clothing stores, and direct-to-consumer businesses which include several catalogs and e-commerce sites, including www.destinationxl.com. The Company is headquartered in Canton, Massachusetts, and its common stock is listed on the NASDAQ Global Market under the symbol “CMRG.”

The Standard Arabian Business & Enterprises Company (SABECO), founded in 1998 is a leading and innovative trading and contracting company that has been catering to the various needs of Kuwait. Through rich and diversified businesses; Real Estate, Contracting, Retail and Food & Beverage, SABECO is headquartered in Kuwait City, with different offices and stores throughout the country.

For additional information, contact:

Jeff Unger

Vice President of Investor Relations

Casual Male Retail Group, Inc.

561-482-9715

jeffunger@usa.net

SABECO:

Shaikha Hind Ahmad Al-Sabah

Business Development Manager

Standard Arabian Business and Enterprises Co.

+965 25669071

h.alsabah@sabeco.com.kw