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...
10 Dec 2019
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...
22 Oct 2019
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...
18 Sept 2019
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...
12 Jun 2019
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...
22 Apr 2019
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...
11 Dec 2018
Destination Maternity Corporation’s executive vice president & chief administrative officer Ronald J. Masciantonio, is departing the company to pursue other opportunities, effective immediately. The company said that it does not plan to pursue a new chief administrative officer at this time. “For over thirteen years, Ron has been a valuable...
6 Jun 2018
Destination Maternity Corporation said that net sales for the fourth quarter rose to 105.1 million dollars driven by an increase in comparable retail sales as well as additional sales generated in the 53rd week. Comparable sales for the quarter increased 5.2 percent. For the full fiscal year, net sales were 406.2 million dollars compared with...
19 Apr 2018
Destination Maternity Corporation’s comparable sales decreased 2.7 percent for the second quarter, compared to a 2 percent increase for the second quarter of fiscal 2015. Gross margin improved 510 basis points to 51.5 percent, up from 46.4 percent in the prior year quarter. Operating loss improved 22.7 percent to 3.1 million dollars compared to...
25 Aug 2016
Destination Maternity Corporation comparable sales decreased 5.4 percent, compared to a 1.1 percent decrease for the first quarter of fiscal 2015. Adjusted EBITDA before other charges was 13.2 million dollars compared to 12 million dollars for the first quarter of fiscal 2015. Commenting on the results, Anthony M. Romano, Chief Executive...
26 May 2016
