Destination XL appoints Carmen Bauza to board of directors

By

Jennifer Braun

Published
Dec 23, 2021

Canton, Massachusetts-based big and tall menswear retailer Destination XL Group Inc. has announced the appointment of retail veteran Carmen R. Bauza, to the company’s board of directors. 

Bauza will serve as a director until the company’s next annual meeting of stockholders, at which time she will stand for re-election. With her appointment, the size of the company’s board of directors has climbed to seven members.

“We are excited to welcome Carmen to the board,” said president and CEO Harvey S. Kanter. “She will bring her expertise gathered over 30 years in retail focused on growth opportunities at Walmart, HSN and Fanatics. Carmen’s extensive retail experience will help us as we continue to serve the Big + Tall man wherever he wants to shop: on DXL.com, the app or in one of our stores nationwide.”

Earlier in her career, she also held positions at Disney and Five Below. She has served on several boards, including Walmart de Mexico, S.A.B. de C.V (WMMVY), a $30-billion division of Walmart, Inc. She is currently on the board of managers for privately-owned retailer Claire’s Stores Inc.

Bauza has equally received numerous prestigious awards, including Latina Executive of the Year from Latina Style magazine and Top Women in Chain Pharmacy, from Drug Store News, to name, but a few. She was born in Ponce, Puerto Rico, and graduated from Seton Hill University, a private university in Pennsylvania, with a Bachelor of Science degree in fashion merchandising. 

The company’s total sales for the third quarter were $121.5 million, up 42.6 percent from $85.2 million in the third quarter of fiscal 2020. Net income for the third quarter was $13.7 million, or $0.20 per diluted share, as compared to a net loss of $7.0 million, or $0.14 per diluted share, in the third quarter of fiscal 2020

Destination XL expects its full-year sales to total between $500.0 million and $510.0 million. Net income is predicted to be in the range of $0.72 to $0.80 per diluted share.

It currently operates 294 stores under its DXL and CMXL banners, including both retail and outlet locations.