Destination Maternity
RetailDrive said Destination Maternity has a big presence in the maternity apparel industry, having over 1,000 stores. The CEO of Destination Maternity left the company one quarter last year when the gross sales dropped more than 7 percent. Having been on its second interim CEO, the company got Berkeley Research Group to help it recover. The company guessed that their broken relationship with Kohl’s was the cause of its problems. In the fiscal year in 2017, its total year over year sales fell 6.4 percent which sums up to $406.2 million. However, there is hope for this company yet – it had a 40 percent rise in its e-commerce comps. Ascena, another company on this list, may have better chances.
Destination Maternity
Ascena Retail
This company is responsible for retailers like Dress Barn, Ann Taylor, Lou & Grey, and LOFT. According to RetailDive, things have not improved even when they hired a new chief for Dress Barn. To save the brand, it’ll close 25 percent of its stores by 2019. RetailDive also reported that Ascena was expecting a $1.7 billion sales in the 2017 fiscal year. The retailer reported in March that its top-line sales dropped year over year. However, in May things seem to be looking up as Moody’s, a financial services company, said that Ascena “is on a path to developing a strong ‘backbone’ of retail capabilities.” Stein Mart has similar struggles but is also on the mend.
Ascena Retail
