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Fitch Ratings: U.S. retail sales to grow 3% to 4% in 2017
Retailers and restaurants in the United States won’t get any relief in 2017 in the battle to win customers. That’s according to Fitch Ratings' Outlook report, which says that retailers will continue to face a competitive environment in 2017 as they navigate changing customer preferences. -
Destination Maternity disappoints in Q3 amid ongoing changes
The nation’s largest maternity clothing retailer failed to meet sales and earnings expectations in the third quarter amid changes designed to focus on its core operations. Destination Maternity reported a net loss of $1.5 million in its fiscal third quarter. On a per-share basis, the company said it had a loss of 11 cents. Losses, adjusted for non-recurring costs, were 9 cents per share.

