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Destination Maternity cuts Q3 outlook on disappointing sales
Philadelphia -- Destination Maternity said its third-quarter revenue fell 5.3% to $138.8 million. Wall Street had expected $146.4 million. The retailer cut its third-quarter earnings forecast, citing weaker-than-expected sales.
Same-store sales fell 2.4%.
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Tommy Bahama in deal with FiftyOne Global Ecommerce to expand global reach
Seattle -- Tommy Bahama has partnered with FiftyOne Global Ecommerce, a provider of global e-commerce services to U.S. retailers, to immediately expand the Tommy Bahama’s international reach by delivering goods to 100 countries around the globe.