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Loss widens at Destination Maternity
Destination Maternity Corp. saw its loss widen in the fourth quarter and the full year amid declining same-store sales and its exit from several businesses. The maternity clothing retailer reported a loss $32.8 million, which included a $27.8 million non-cash income tax charge. Its adjusted net loss was $3.2 million, compared to an adjusted net loss of $1.5 million in the year-ago period. Revenue totaled $100.2 million in the period. Same-store sales fell 7.8%. -
Petco adding more stores
Petco continues to grow its retail presence. The specialty retailer of pet food, supplies and services, will open five new stores in April. In addition to featuring a wide range of pet food, toys and accessories, each new store will include dog training areas, adoption centers and grooming salons. Last year, Petco opened 71 new stores and one new Unleashed by Petco store, and remodeled 41 locations.

