Exhibit 99.1

For Information, Contact:

Jeff Unger

Vice President of Investor Relations

Casual Male Retail Group, Inc.

561-482-9715

Andrew Bard

Weber Shandwick

212-445-8368

CASUAL MALE RETAIL GROUP, INC. REPORTS SALES AND OPERATING RESULTS

FOR THE SECOND QUARTER AND FIRST SIX MONTHS OF FISCAL 2008

CANTON, MA, (August 21, 2008) — Casual Male Retail Group, Inc. (NASDAQ: “CMRG”), retail brand operator of Casual Male XL, Rochester Clothing, B&T Factory Direct, LivingXL and ShoesXL, announced today its sales and operating results for the second quarter and first six months of fiscal 2008.

Comparable sales for the thirteen week period ended August 2, 2008 increased 0.3% when compared to the same period of the prior year. For the twenty-six week period ended August 2, 2008 comparable sales decreased 0.8% as compared to the same period of the prior year. Total sales for the second quarter of fiscal 2008 remained flat at $113.5 million as compared to the second quarter of fiscal 2007. For the first six months of fiscal 2008, total sales decreased 1.4% to $221.1 million as compared to $224.2 million for the same period in the prior year.

For the second quarter of fiscal 2008, net income was $1.9 million, or $0.05 per diluted share, compared to net income for the second quarter of fiscal 2007 of $2.5 million, or $0.06 per diluted share. For the first six months of fiscal 2008, net income was $2.0 million, or $0.05 per diluted share, as compared to net income of $3.6 million, or $0.08 per diluted share for the first six months of fiscal 2007.

“Despite the continued weakness in the economy and in the men’s apparel business, we saw an improvement in our sales performance trends this past quarter. Although overall store traffic continues to be down, our conversion rates and average sales transactions are up, which indicate to us we are executing well in this difficult retail environment,” said David Levin, President and CEO of Casual Male.

2008 Guidance and Highlights

The Company has revised its earnings guidance for fiscal 2008 to $0.22 to $0.27 per diluted share, a decrease of $0.03 per diluted share from prior guidance, based on an estimated total sales level of $470 to $475 million. The earnings guidance was adjusted primarily as a result of expectations of continued weakness in the economy and softness in traffic and sales trends.

Investors are invited to listen to a broadcast of the Company’s conference call to discuss its second quarter and first six months of fiscal 2008 earnings results. The conference call will broadcast live

today, Thursday, August 21, 2008 at 9:00 a.m. Eastern Time at www.casualmalexl.com and then click on the investor relations icon. The call will be archived online within one hour after its completion. Participating in the call will be David Levin, President and Chief Executive Officer, and Dennis Hernreich, Executive Vice President, Chief Operating Officer and Chief Financial Officer.

During the conference call, the Company may discuss and answer questions concerning business and financial developments and trends. The Company’s responses to questions, as well as other matters discussed during the conference call, may contain or constitute information that has not been disclosed previously.

Casual Male Retail Group, Inc., the largest retailer of big and tall men’s apparel with operations throughout the United States, Canada and London, England, operates 463 Casual Male XL retail and outlet stores, 27 Rochester Clothing stores, and direct to consumer businesses which include several catalogs and e-commerce sites. The Company is headquartered in Canton, Massachusetts, and its common stock is listed on the NASDAQ Global Market under the symbol “CMRG.”

Certain information contained in this press release, including the Company’s expectations regarding sales and operating results for fiscal 2008, constitutes forward-looking statements under the federal securities laws. The discussion of forward-looking information requires management of the Company to make certain estimates and assumptions regarding the overall retail environment and the Company’s strategic plans and the effect of such plans on the Company’s financial results. The Company’s actual results and the implementation of its plans and operations may differ materially from forward-looking statements made by the Company. The Company encourages readers of forward-looking information concerning the Company to refer to its prior filings with the Securities and Exchange Commission, including without limitation, its Annual Report on Form 10-K filed on March 26, 2008, that set forth certain risks and uncertainties that may have an impact on future results and direction of the Company.

Forward-looking statements contained in this press release speak only as of the date of this release. Subsequent events or circumstances occurring after such date may render these statements incomplete or out of date. The Company undertakes no obligation and expressly disclaims any duty to update such statements.

[tables to follow]

CASUAL MALE RETAIL GROUP, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In thousands, except per share data)

	For the three months ended						For the six months ended
	August 2, 2008			August 4, 2007			August 2, 2008			August 4, 2007
Sales	$	113,475		$	113,529		$	221,117		$	224,160
Cost of goods sold including occupancy		62,137			60,699			121,440			120,706
Gross profit		51,338			52,830			99,677			103,454
Expenses:
Selling, general and administrative		43,485			42,875			86,805			86,217
Depreciation and amortization		4,107			4,194			8,275			8,218
Total expenses		47,592			47,069			95,080			94,435
Operating income		3,746			5,761			4,597			9,019
Other income, net		132			138			262			275
Interest expense, net		(733	)		(1,070	)		(1,554	)		(1,876	)
Income from continuing operations before income taxes		3,145			4,829			3,305			7,418
Provision for income taxes		1,258			1,931			1,322			2,965
Income from continuing operations		1,887			2,898			1,983			4,453
Loss from discontinued operations, net of taxes		—			(425	)		—			(854	)
Net income	$	1,887		$	2,473		$	1,983		$	3,599
Net income per share - basic
Income from continuing operations	$	0.05		$	0.07		$	0.05		$	0.11
Loss from discontinued operations	$	0.00		$	(0.01	)	$	0.00		$	(0.02	)
Net income per share - basic	$	0.05		$	0.06		$	0.05		$	0.09
Net income per share - diluted
Income from continuing operations	$	0.05		$	0.07		$	0.05		$	0.10
Loss from discontinued operations	$	0.00		$	(0.01	)	$	0.00		$	(0.02	)
Net income per share - diluted	$	0.05		$	0.06		$	0.05		$	0.08
Weighted-average number of common shares outstanding:
Basic		41,405			41,606			41,398			41,899
Diluted		41,689			43,338			41,690			43,878

CASUAL MALE RETAIL GROUP, INC.

CONSOLIDATED BALANCE SHEETS

August 2, 2008 and February 2, 2008

(In thousands)

	August 2, 2008		February 2, 2008
ASSETS
Cash and investments	$	5,643	$	5,293
Inventories		112,742		117,787
Other current assets		14,647		14,316
Deferred income taxes		27,300		28,617
Property and equipment, net		60,794		62,156
Goodwill and other intangibles		99,143		95,851
Other assets		1,255		1,341
Total assets	$	321,524	$	325,361
LIABILITIES AND STOCKHOLDERS’ EQUITY
Accounts payable, accrued expenses and other liabilities	$	57,367	$	65,080
Notes payable		44,896		40,978
Long-term debt, net of current portion		10,013		12,450
Deferred gain, net of current portion		24,180		24,912
Stockholders’ equity		185,068		181,941
Total liabilities and stockholders’ equity	$	321,524	$	325,361