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Analysis: The Finish Line stumbles
While Finish Line notched up reasonable overall sales growth in its third quarter, this has been overshadowed by both very weak comparables and an almost doubling of net losses to $40.4 million. Overall, the results are markedly worse than last quarter when total sales grew by 5.4%, aided by a 5.1% growth in comparables. -
Destination Maternity to be acquired by French company
French children’s clothing company Orchestra-Premaman SA has won its battle to acquire to acquire Destination Maternity Corp. The deal calls for Orchestra to acquire Destination Maternity for about $7.05 a share, valuing the U.S. retailer at about $100 million according to its share count.