Destination Maternity
Destination Maternity is one of the big names in the maternity apparel business with its more than 1,000 stores. Its CEO left last year after its gross sales went down by over 7 percent. The second interim CEO asked for the help of Berkeley Research Group, who concluded that it is now suffering because of its association with Kohls. In the 2017 fiscal year, it experienced a 6.4 percent decline in its total year over year sales. There is still hope, however, as it saw a 40 percent rise in the e-commerce comps.
Destination Maternity
Ascena Retail
Ascena Retail is behind lines such as LOFT, Ann Taylor, Dress Barn, and Lou & Grey. Hiring a new executive for Dress Barn did not make things much better. It has decided to shutter a quarter of its locations by this year to save the brand. Ascena had been expecting to see $1.7 billion in sales back in 2017, although its top-line sales declined year over year. In May, financial company Moody’s said it is “is on a path to developing a strong ‘backbone’ of retail capabilities.” Things are looking up for Ascena!
Ascena Retail
