Destination Maternity news and archive

Marquee Brands acquires leading maternity brands

Marquee Brands is diversifying its women’s fashion division with the acquisition of leading maternity brands - Motherhood Maternity, A Pea In The Pod and Destination Maternity. In a statement, Marquee Brands confirmed that it was the “successful bidder” to acquire the intellectual property, e-commerce business and other assets of Destination...

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Destination Maternity files for Chapter 11 bankruptcy

Destination Maternity Corporation has filed voluntary petitions to restructure under chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. The company said that it filed to facilitate and continue a marketing process begun in early September that has already yielded indications of interest...

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Management

Destination Maternity considers sale option after tough Q2

Destination Maternity Corporation for its second quarter reported net sales decrease of 11.9 percent to 84.9 million dollars, negatively impacted by the net closure of 6 owned locations and 55 leased locations as well as a 10.5 percent decrease in comparable sales, which included an 11.9 percent decrease in comparable store sales and a 6.4...

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Destination Maternity announces reduction in force

Destination Maternity Corporation has announced a reduction in force (RIF) that is expected to generate cost savings of 4 million dollars to 4.5 million dollars on an annualized run-rate basis. The company said, this reduction is part of the company’s effort to become a more efficient and profitable organization and that the RIF will primarily...

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Management

After disappointing Q1, Destination Maternity announces leadership changes

For its first quarter, Destination Maternity Corporation said net income was 0.1 million dollars or 1 cent per diluted share compared to 0.2 million dollars or 2 cent per diluted share for the first quarter of fiscal 2018. Net sales decreased 8.7 percent to 94.2 million dollars, while comparable sales decreased 7.2 percent from the first quarter...

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Destination Maternity revenue decrease 9 percent for Q1

The company said on Wednesday its Q1 net profit decreased. Revenues slipped by 9 percent from the same period last year. The company's net profit for Q1 was 0.1 million dollars, down from 0.2 million dollars a year earlier. Revenues dropped to 94.2 million dollars. Headquartered in Moorestown, New Jersey, Destination Maternity Corporation is one...

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Management

Destination Maternity reports Q4 loss, net sales drop 13 percent

Destination Maternity Corporation, for the fourth quarter ended February 2, 2019 reported net loss of 6.4 million dollars or 46 cents per diluted share compared to 10.2 million dollars or 73 cents per diluted share, for the fourth quarter of fiscal 2017. Net loss for fiscal 2018 was 14.3 million dollars or 1.03 dollars per diluted share compared...

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Fashion

What to expect in fashion news from week 16, 2019

What’s going on in the world of fashion this week? FashionUnited takes a look ahead at the upcoming news and events for the 16th week of the year. Below are the main points from the editorial agenda in the period between 15-21 April, 2019. Destination Maternity Q4 (16 April) In December, Destination Maternity reported a decrease of net sales of...

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Greg Kleffner appointed to Destination Maternity’s board

Destination Maternity Corporation has appointed Greg Kleffner to the board of directors, effective March 29, 2019. The company said, Kleffner brings over 17 years of public company leadership experience following a 25-year career with Arthur Andersen. He will be a member of the firm’s audit and compensation committees. In conjunction with this...

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Destination Maternity appoints Lisa Gavales to its board

Destination Maternity Corporation has appointed Lisa Gavales to the board of directors, effective March 18, 2019. The company said in a statement that Gavales brings over 25 years of public and private company leadership experience, with a focus on retail, digital and strategic operations, ecommerce, corporate governance, and marketing. She will...

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Destination Maternity announces appointment of two senior executives

Destination Maternity Corporation has announced the appointment of Dave J. Helkey to the position of Chief Financial Officer and Chief Operating Officer, reporting to CEO Marla Ryan, effective January 21, 2019. Additionally, the company entered into a consulting agreement with Doug Goeke, to serve in a newly created role of Chief Transformation...

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Destination Maternity: Store closures negatively impact Q3 net sales

Destination Maternity Corporation, for its third quarter reported net sales decrease of 3.7 percent to 92.8 million dollars due to net closure of 27 company-owned locations and 12 leased lease locations in addition to a decrease in comparable sales. Comparable sales for the quarter decreased 2.6 percent compared to an increase of 1.1 percent in...