Destination Maternity
With more than 1,000 stores, Destination Maternity is a big company in the maternity apparel industry. The CEO left the company last year when its gross sales went down by more than 7 percent. It acquired the help of Berkeley Research Group, which speculated that its relationship with Kohl’s made things hard. In 2017, the year over year sales went down by 6.4 percent! There is still hope since its e-commerce comps experienced an improvement of 40 percent.
Destination Maternity
Ascena Retail
Ascena Retail is the parent company of Lou & Grey, LOFT, Dress Barn, and Ann Taylor. RetailDive said that getting a new Dress Barn chief did not improve anything. This is why the brand will shut down a quarter of its stores this year. Ascena was reportedly expecting sales of $1.7 billion in 2017, but the top-line sales kept going down. In May, Moody’s said that Ascena “is on a path to developing a strong ‘backbone’ of retail capabilities.” It looks like things are improving for this company!
Ascena Retail