US retailer DXL’s gross margin drops to 45.1% amid lower sales in Q1

Destination XL (DXL) reported a Q1 FY25 gross margin of 45.1 per cent, down from 48.2 per cent in the prior year, due to higher occupancy costs and increased markdowns.
Total sales declined to $105.5 million from $115.5 million, with comparable sales falling 9.4 per cent.
Merchandise margin also dipped slightly amid promotional activity and rising freight costs.Read More