Destination XL Group shares surge 15.34% intraday as merger with FullBeauty Brands nears, proxy filing expected within 30 days, transaction anticipated in Q2 2026.

Destination XL Group surged 15.34% intraday, driven by the company's announcement on March 19, 2026, during its Q4 2025 earnings call that the proxy statement for its merger with FullBeauty Brands will be filed within 30 days. The transaction, initially agreed on December 11, 2025, is expected to close in Q2 2026. Destination XL Group, the largest integrated men’s big-size apparel and footwear retailer in the U.S., operates nearly 300 stores and reported Q4 2025 sales of $112.1 million, with annual sales reaching $435 million as of January 31, 2026.