One of the things management plans to do this year to fight lower sales is decreasing capital expenditures by 50% from last year, to between $11 million and $12 million. The company's total store count is expected to stay flat at 488 units, made up of 462 Casual Male XL retail and outlet stores and 26 Rochester Big & Tall stores.
For the coming year, management predicts that same-store sales will come in between a drop of 2% and flat from 2007. Earnings per share are forecast to hit from 25 cents to 30 cents, up from 1 cent last year.
Casual Male Group also plans to launch an e-commerce site in Europe this year. Management said that its London Rochester location is the second-most productive in the entire chain.
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