The Motely Fool reports a big legal victory for Casual Male against Robert Yarbourough. Whenever I read stories like this it just reinforces the fact that plus size fashion is big business if it prompts unethical behavior like this among company top executives. Read the article snippet below and sound off on your thoughts about this situation and how it is going to effect plus size clothing in the future.
You could call it a plus-sized legal victory for Casual Male (Nasdaq: CMRG), the leading retailer for big and tall men. Massachusetts awarded the clothier $1.5 million in damages stemming from a non-compete clause it had with a former employee.
Casual Male alleged that Robert Yarborough, an employee of its Rochester Big & Tall store, which it acquired in 2004, had been maintaining its call center and Internet service operations through his company RKC Mail. It was charged that he helped Westport Big & Tall establish the Alpharetta, Ga.-based company’s Internet and catalog business in violation of his non-compete employment contract.
A very similar lawsuit was filed last year against Yarborough and Cutter & Buck, a retailer and supplier to Casual Male. In that case, Yarborough is accused of taking several employees with him to establish the golf apparel retailer’s online catalog, while also destroying Casual Male data.
The plus-size clothier has been the premier men’s retailer in the big-and-tall category, outpacing Men’s Wearhouse (NYSE: MW) and Jos. A. Bank (Nasdaq: JOSB), though it’s really the only big player in the niche market. Net income more than doubled last quarter, while operating income has been benefiting from an equally impressive double-digit growth rate.
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