Content about Destination Maternity

August 11, 2014

Capping a turbulent summer for maternity apparel retailers, Destination Maternity CEO Ed Krell has resigned effective immediately, and will be replaced by Anthony Romano, former CEO of Charming Shoppes, Inc.

July 30, 2014

Net income at Destination Maternity Corp. fell 36% to $5.5 million in the third quarter of fiscal 2014 from $8.6 million a year earlier.

July 25, 2014

Destination Maternity Corp. has stopped its pursuit of the United Kingdom’s Britain's Mothercare Plc chain after having two bid proposals rejected.

July 2, 2014

U.K. specialty maternity retailer Mothercare Plc has rejected two non-binding written merger proposals from Destination Maternity Corp.

May 6, 2014

Destination Maternity Corp. announced the start of its planned expansion into Mexico with the opening of 46 Destination Maternity branded shop-in-shops through a previously announced international franchise agreement with El Puerto de Liverpool, S.A.B. de C.V., the largest department store operator in Mexico.

April 24, 2014

Destination Maternity Corp. reported that net income for the quarter ended March 31, 2014 dipped to $3.2 million, compared to $5.9 million in the same period last year.

April 10, 2014

Destination Maternity Corp. reported declining net and same-store sales for the second quarter of fiscal 2014, compared to the same period a year earlier.

January 9, 2014

Net sales for the first quarter of fiscal 2014 at Destination Maternity Corporation decreased 0.3% to $134.8 million from $135.3 million reported for the first quarter of fiscal 2013.

January 7, 2014

Destination Maternity Corp. is thinking big. The world’s largest retailer of maternity apparel is bullish on its superstore format, with new locations in Paramus, N.J., and Virginia Beach, Va. The Philadelphia-based company has an estimated 35% to 45% share of the U.S. maternity market.

The two new stores vary in size and have different layouts, as well as some merchandising variations. But both are designed as customer-centric, one-stop shopping resources. And both share a common vision.

November 15, 2013

Destination Maternity Corp. is showing off a new superstore prototype, in Virginia Beach,Va.

September 12, 2013

Destination Maternity Corp. plans to relocate its corporate headquarters and distribution center from Philadelphia, to southern New Jersey.

July 25, 2013

Destination Maternity Corp. announced that its net income for the third quarter of fiscal 2013 was $8.6 million, an increase of 24% compared to net income of $6.9 million for the third quarter of fiscal 2012.

July 11, 2013

Destination Maternity Corp. has leased 5,033 sq. ft. for a new flagship store in The Town Center of Virginia Beach, according to Divaris Real Estate.

April 11, 2013

Destination Maternity its total sales for the second quarter fell 2.1% to $134.9 million from $137.8 million.

March 28, 2013

Destination Maternity Corp. opened the first Destination Maternity superstore location in Canada.

January 10, 2013

Destination Maternity Corp. said it is opening its first Destination Maternity store in Canada on Thursday in Calgary, Alberta, at the Kingsland Village retail development.

January 8, 2013

Destination Maternity Corp. reported that revenue for the first quarter edged down to $135.3 million, from $136.4 million in the year-ago period.

November 1, 2012

Destination Maternity Corp. announced that it has entered into a new $61 million revolving credit facility with Wells Fargo Bank, N.A.

October 9, 2012

Destination Maternity reported that revenue for the fourth quarter dipped less than 1% to $128.5 million, but edged Wall Street’s expected $128.4 million in revenue for the period.

July 11, 2012

Destination Maternity said its third-quarter revenue fell 5.3% to $138.8 million. Wall Street had expected $146.4 million.

November 23, 2011

Brixmor Property Group said that Motherhood Maternity has opened a 1,500-sq.-ft. store at Waterford Commons, located in Waterford, Conn.

September 12, 2011

Destination Maternity Corp. announced the opening of two namesake stores and two shop-in-shops in South Korea.

April 27, 2011

Destination Maternity Corp. announced the hiring of Chris Daniel as its president, effective June 1.

March 16, 2011

Destination Maternity Corp. said Wednesday that it has opened a 10th Destination Maternity store in the Middle East, this one located in Discovery Center, in Kuwait.

© 2014