8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): January 11, 2006

0-15898

(Commission File Number)

CASUAL MALE RETAIL GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware	04-2623104
(State of Incorporation)	(IRS Employer Identification Number)

555 Turnpike Street, Canton, Massachusetts 02021

(Address of registrant’s principal executive office)

(781) 828-9300

(Registrant’s telephone number)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

ITEM 7.01 - REGULATION FD DISCLOSURE

The Company is scheduled to present at the SG Cowen Fourth Annual Consumer Conference on January 11, 2006. A copy of the slides to be presented are attached to this report as Exhibit 99.1, which slide presentation is incorporated by reference herein.

The slide presentation contained in the exhibit includes statements intended as “forward-looking statements,” which are subject to the cautionary statement about forward-looking statements set forth in the exhibit. The slide presentation is being furnished, not filed, pursuant to Regulation FD. Accordingly, the slide presentation will not be incorporated by reference into any registration statement filed by the Company under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference. The furnishing of the slide presentation is not intended to, and does not, constitute a determination or admission by the Company that the information in the slide presentation is material or complete, or that investors should consider this information before making an investment decision with respect to the Company.

ITEM 9.01 - FINANCIAL STATEMENTS AND EXHIBITS

(c) Exhibits

Exhibit No.	Description
99.1	Presentation dated January 11, 2006

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

CASUAL MALE RETAIL GROUP, INC.
By:	/s/    DENNIS R. HERNREICH
Name:	Dennis R. Hernreich
Title:	Executive Vice President and Chief Financial Officer

Date: January 11, 2006

EX-99.1

1

Exhibit 99.1

2

’06 & ’07 Initiatives

•

Redefine Casual Male image to increase

market share

•

Store growth –

expansion of Rochester

Clothing

•

Continued accelerated growth of internet and

catalog

•

Gross margin improvement

3

Redefine Casual Male Image

4

Market Share Size Opportunity

Casual Male Sales by Size

$0

$20,000

$40,000

$60,000

$80,000

$100,000

$120,000

$140,000

$160,000

$180,000

$200,000

Waist Size

Data based on ’04 sales of Casual

Pants, Dress Pants and Jeans

5

National Sales by Size

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

$2,000,000

30

32

34

36

38

40

42

44

46+ 

Waist

6

Customer Research

Least favorite aspect of clothing shopping was “difficulty

finding items in my size”

–

They were shopping at “the end of the rack”

–

Stigma with “big and tall”

store

–

“big and tall”

stores were consistently referred to as places

where “fat guys”

shop

Current image associated with Casual Male

–

A degree of discomfort with shopping at the store for “big

and tall”

–

Belief

that

the

clothing

started

around

a

48”

waist

–

Merchandise and selection lacked a sense of style

–

Had unattractive, inconvenient locations

–

Casual Male was a place of necessity rather than a

destination of choice

7

50% of customers refer to Casual Male as the “Big & Tall”

store

8

Objectives

•

Change the consumer perception of Casual

Male to increase awareness of brands, sizes

and comfort carried in all channels and appeal

to the younger, smaller and taller B&T

consumers.

•

Re-engineer the look and feel of the Casual

Male brand in all communications including in-

store experience, web & catalog

9

New Design

10

Reactions to “XL”

logo concept

Majority of respondents reacted positively to

these concepts:

–

“Yes, that’s my size.”

/ “That’s what I’m looking for.”

–

“XL”

seen as “manly, powerful”

rather than

overweight

–

Appeared to create a sense of distinctiveness for

brand

–

Would communicate “change”

at Casual Male

–

Seen as youthful by some respondents

11

Developmental Markets

DMA

Population

Market

Rank

Anchor

Stores

Outlet

Stores

Phoenix, AZ

2017.3

15

5

1

Columbus, OH

630.1

34

4

2

Grand Rapids, MI

683.5

38

3

0

Indianapolis, IN

589.6

25

6

1

Rochester, NY

392.6

74

4

0

San Antonio, TX

643.6

37

4

0

Total:

4956.7

26

4

12

Effected Change

•

Exterior store

•

Interior of store, visual presentation, signage,

POS package

•

Bags

•

All communications

–

Direct mail

–

Email

–

Catalog version

–

Website

–

New Private label credit card

•

Associate training

13

14

Before

15

After

16

17

Developmental Market Results

•

Increase in traffic

•

Increase in transactions

•

Higher % of sales in smaller sizes as

compared to chain

•

Increase in comp sales

18

19

20

Rochester Overview

•

Major growth for next 5 years.  We will be in

expanding Rochester from 24 stores to 40

more stores

Rochester

* 1 London, United Kingdom

9

2

2

21

22

Rochester Brands

23

24

Benefits to CMRG

•

Combined entities give CMRG 65% market share of

specialty retail sector

•

Not a turn around –

accretive to earnings in year one

•

Senior management continues with incentive contracts

•

Synergies will increase gross margin, reduce overhead

costs (warehouse, administration, insurance, etc.)

•

Comparable multi-channel opportunities to Casual Male

–

Internet/catalog over 20% of sales in less than 3 years

•

Store growth opportunities

–

Underserved markets

–

Growth of 5 –

7 stores/yr

–

International opportunities

25

Rochester Big & Tall

Transaction

•

21 U.S. stores; 1 in London

•

Total revenue $65.0M

•

Audited EBIDTA of $3.3M

•

Potential for an additional 3 million dollar savings through

integration

–

Average sales per store

$2.3M

vs

CM $650,000

–

Average transaction

$400

vs

CM $75

–

Average store sq. footage

5,000-6,000 sq. ft.

vs

CM 3,500 sq. ft.

–

Average income of customer  

$100,000+

vs

CM $71,000

–

Cost to open new store

$100 sq. ft.

vs

CM $36 sq. ft.

–

Inventory needed

$375,000

vs

CM $125,000

26

27

28

Continued accelerated growth

of internet and catalog

29

-5.0%

-2.3%

-1.1%

2.4%

9.2%

4.8%

2.3%

2.0%

3.70%

2.5%

1.6%

-6.0%

-4.0%

-2.0%

0.0%

2.0%

4.0%

6.0%

8.0%

10.0%

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Q4

Q1

Q2

Q3

Comp Store Trend

2004

2003

Stores change to

lifestyle presentation

Launch of George Foreman

collection and TV campaign

2005

30

Internet Sales by Month

$0

$200,000

$400,000

$600,000

$800,000

$1,000,000

$1,200,000

$1,400,000

$1,600,000

$1,800,000

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

2002 - $3,357,447

2003 - $6,229,617 +46.1%

2004 - $9,874,481 +194.1%

2005

31

Store Catalog Sales

* % gains over FYE02

Catalog Sales

$7,053,300

$7,283,100

$7,968,900

$8,814,100

$10,056,800

$-

$2,000,000

$4,000,000

$6,000,000

$8,000,000

$10,000,000

$12,000,000

2001

2002

2003

2004

2005

32

Store

2.9%

7.4%

0%

20%

40%

60%

80%

100%

online

catalog

Catalog

46.6%

18.6%

0%

20%

40%

60%

80%

100%

store

online

Online

51.1%

32.1%

0%

20%

40%

60%

80%

100%

store

catalog

Multi-Channel

33

Customer Sales by Channel

455

Retail & Catalog & E-commerce

286

Catalog & E-commerce

290

Retail & E-commerce

276

Retail & Catalog

104

E-commerce Only

123

Catalog Only

100

Retail only

* Indexed to retail only shoppers

34

35

Gross Margin Improvements

•

Inventory management

•

Direct sourcing

•

Building proprietary brands

36

Gross Margin Opportunity

•

Core

vs.

seasonal/fashion

–

core

year

round basic stock items (5 pocket jean,

pique polo, pocket tee, underwear, etc.)

•

Implementation of E3 (replenishment

system) determined that we were 25%

out

of

stocks

on

core

items

–

demand

exceeded supply

–

Better margins on core products than

seasonal/fashion

37

Guaranteed In-stock Program

•

7 key items –

12% of

sales

•

GIS Program –

Bottoms

49 sizes, delivery in 5

working days or FREE

•

8/21 launch

•

Sold 449,405  units

•

Units 26% increase

•

4,564  units fulfilled

through catalog

•

9 pieces of free items

given away

38

39

Direct Sourcing

•

Direct Sourcing of goods through Li & Fung, as agent

beginning in 2006

•

New Department created, hiring of industry veteran

•

Potential for 40% of Casual Male Inventory to go Direct

•

Cost saving of up to 15%

•

Better sourcing (reduction of # of Vendors)

•

Rochester has very little private label, potential for 20%

•

Cost savings of up to 20% for Rochester 

40

Proprietary Brands

41

42

43

44

Collection will consist of Wovens, Casual

Pant, and Knits

Assortment will reflect items/attitude and

overall look of successful contemporary

brands such as George Foreman

Signature, Perry Ellis, I.N.C., etc.

45

46

2 Year Goal

•

4% comp annually

•

100 basis point improvement annually

•

100 basis point improvement in SG&A

annually

2007 = 9 to 10% operating income

47

Any remarks that we make today about future expectations,

plans and prospects for Casual Male Retail Group, Inc.

which are not historical facts, are forward-looking statements

that involve risks and uncertainties.  For a discussion of such

risks and uncertainties, which could cause the Company’s

actual results to differ from those contained in the  forward-

looking statements, please read the section entitled

“Forward-Looking Statements”

in the Company’s most recent

Form 10-K and Form 10-Q and the Form 8-K filed on April 8,

2005

with the Securities and Exchange Commission.

Forward -

Looking Statement

48

Casual Male Retail Group

555 Turnpike Street

Canton, MA  02021

(781) 828-9300 x 2004

jeffunger@usa.net

clinsky@cmal.com