DXL JOINS FORCES WITH DAILYPAY TO SUPPORT FINANCIAL WELLNESS FOR ITS RETAIL EMPLOYEES

Destination XL Group, Inc. has allied with DailyPay, a work tech company and leader in earned wage access. This collaboration marks a significant step in enhancing DXL’s employee experience, adding a critical financial wellness benefit to its total rewards program.

Headquartered in Canton, MA, DXL operates 250+ retail locations. It has implemented DailyPay’s financial wellness benefit, enabling its employees to pay bills, save, spend, and invest on their own schedules.

“DailyPay has empowered our associates with increased financial flexibility. By providing on-demand access to earned wages, our associates have gained a stronger sense of security and the confidence to manage the demands of everyday life more effectively,” says Stacey Jones, Chief Human Resources Officer at DXL. ”We take pride in supporting our team and implementing this service has been a key component in enhancing the overall well-being of our associates.”

Earned wage access has proven to significantly impact retail workers’ financial health. A study conducted by Arizent and commissioned by DailyPay found that 65% of DailyPay users in the retail industry track their earnings daily. Similarly, retail workers who use DailyPay are more confident in managing their finances (70%), more motivated at work (46%), and have higher job satisfaction (56%).