Casual Male Retail Group Inc. has entered into an agreement to acquire certain assets of Dahle Management Corp., which operates 15 big and tall men’s apparel stores in nine states.
As part of the agreement, Casual Male will acquire Dahle’s customer list from its Internet and catalog business, which generated approximately $500,000 in revenue last year and will no longer be operated by Dahle’s.
In addition, approximately seven Dahle’s Big and Tall men’s stores will be converted to the Casual Male XL brand prior to the 2008 holiday selling season. Five of these stores are located in new markets for Casual Male, including the Salt Lake City, UT; Billings, MT; and Boise, ID, areas.
“These stores in the [Western US make] an excellent addition to our real estate portfolio,” said David Levin, CEO and president of Casual Male, in a statement.
Dahle’s will retain ownership of the real estate and will be Casual Male’s landlord in these stores. The balance of Dahle’s men’s operation compete directly with Casual Male and will be liquidated by Dahle Management and closed by the end of January 2009.