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Destination Maternity revenue dips in Q1
Philadelphia -- Destination Maternity Corp. reported Tuesday that revenue for the first quarter edged down to $135.3 million, from $136.4 million in the year-ago period. The results fell within internal expectations of $132.5 million to $136.5 million.
Same-store sales rose 1.9%.
The maternity apparel retailer said the decline in total revenue was due in large part to sales declines related to closing underperforming stores. -
Owner of Mandee and Annie Sez files Chapter 11, citing impact of Superstore Sandy
New York -- Big M Inc., which operates Mandee and Annie Sez stores, has filed for Chapter 11 bankruptcy protection. The New Jersey-based retailer cited the impact of Superstorm Sandy, which resulted in closures that affected its stores, corporate office and distribution center for more than a week. The company cited liabilities of between $50 million and $100 million, along with assets of the same amount.