Destination Maternity

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Destination Maternity to cut product and sourcing jobs Hannah Abdulla | 1 Nov 18

Jobs are at risk at US mum-and-baby retailer Destination Maternity after the firm announced plans to restructure its corporate product and sourcing teams.


US Q2 in brief – Boot Barn Holdings, VF Corp, Sears just-style | 26 Oct 18

In the latest second-quarter filings from US apparel and footwear brands and retailers, VF Corp raised its full-year guidance on strong sales and earnings, while L Brands reported a 28.7% drop in earnings, and Urban Outfitters achieved record second-quarter sales and a jump in profit.


Destination Maternity CFO David Stern resigns Beth Wright | 15 Aug 18

David Stern, executive vice president and chief financial officer of US retailer Destination Maternity, has stepped down after just over two years in the role.


US Q1 in brief – Destination Maternity, Tailored Brands, Boot Barn just-style | 8 Aug 18

In the latest first-quarter filings from US apparel and footwear brands and retailers, PVH Corp saw revenues exceed guidance thanks to strength across the business, while Guess saw continued momentum in Europe and Asia push earnings and sales up in the three months ended 5 May. Dick's Sporting Goods raised its full-year outlook and Destination XL narrowed its net losses.


Destination Maternity extends CEO contract Beth Wright | 31 Jul 18

US retailer Destination Maternity, together with its CEO Marla Ryan, has extended the date by which they intend to enter into a new and more complete employment agreement.


Destination Maternity could sell US$75m of securities Beth Wright | 30 Jul 18

US retailer Destination Maternity has filed a universal shelf registration statement that will allow it to offer and sell up to US$75m of a variety of its securities over the next three years.


Destination Maternity names Marla Ryan as CEO Michelle Russell | 1 Jun 18

Retailer Destination Maternity has appointed apparel industry veteran and former Lands' End and J.Crew executive, Marla Ryan, as its permanent chief executive.


US Q4 in brief – Boot Barn Holdings, Destination Maternity just-style | 18 May 18

In the latest fourth-quarter filings from US apparel and footwear brands and retailers, Destination Maternity narrowed its net loss, Sears was boosted by the new US tax law, Caleres returned to profit, Dick's Sporting Goods achieved growth across key businesses, and Urban Outfitters produced record fourth-quarter sales.


US Q3 in brief – Deckers Brands, Boot Barn Holdings just-style | 6 Feb 18

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Deckers Brands exceeded expectations, while Boot Barn Holdings saw earnings nearly double. Destination Maternity, meanwhile, widened its losses.


Destination Maternity appoints another interim CEO Michelle Russell | 4 Jan 18

Destination Maternity has appointed its second interim chief executive since September as the ailing US retailer continues to weigh up strategies that will return it to profitability.


Destination Maternity fights move to oust directors Michelle Russell | 5 Oct 17

Destination Maternity is urging its shareholders to vote against a recommendation by Orchestra-Prémaman to remove four of its directors as the US maternity apparel retailer continues its work to improve profits.


US Q2 in brief – Finish Line, Zumiez, Tailored Brands, Vince Holding just-style | 22 Sep 17

In the most recent second-quarter filings from US apparel and footwear brands and retailers, PVH upped its full-year guidance based on strong second-quarter results, while Guess saw its results boosted by solid growth in both Europe and Asia. Oxford Industries, meanwhile, saw mixed results as earnings fell but sales edged up.


Destination Maternity CEO steps down Beth Wright | 7 Sep 17

Anthony Romano, president and CEO of Destination Maternity, is to step down from the company today (7 September) as part of a mutual agreement with its board following the termination of its merger with France's Orchestra Prémaman.


Destination Maternity and Orchestra Prémaman scrap merger Beth Wright | 1 Aug 17

Destination Maternity is to terminate its merger with France's Orchestra Prémaman in a move the companies say is in the best interests of their respective stockholders.


US Q1 in brief – Cherokee, The Finish Line, J Crew Michelle Russell and Beth Wright | 10 Jul 17

In the most recent first-quarter filings from US apparel and footwear brands and retailers, G-III Apparel moved to a loss on acquisition charges, while Guess saw earnings fall on soft Americas sales. Kate Spade, meanwhile, saw earnings slump on the back of sales declines, while Hudson's Bay recorded comparable store declines on the back of lower domestic store traffic across all banners. 


Destination Maternity merger "on track" Beth Wright | 5 Jun 17

Destination Maternity has revealed its deal to merge with France's Orchestra Prémaman continues to make good progress and remains on track to close during the company's third fiscal quarter of 2017.


US Q4 in brief – Cherokee, Vince Holding, Destination Maternity Michelle Russell and Beth Wright | 15 May 17

In the most recent fourth-quarter filings from US apparel and footwear brands and retailers, Destination XL moved to a profit but booked lower sales, while Caleres moved to a loss in the quarter. VF Corporation, meanwhile, revealed a fall in both sales and earnings for the quarter, while Stein Mart moved to a loss as a result of "aggressive" promotions. 


Destination Maternity merges with Orchestra Prémaman Michelle Russell | 21 Dec 16

Destination Maternity has agreed a deal to merge with France's Orchestra Prémaman in a move that will create a leading global provider of maternity apparel, childrenswear and baby hard goods.


US Q3 in brief – The Finish Line, Destination Maternity, Cherokee, Sears Michelle Russell and Beth Wright | 9 Dec 16

In the most recent third-quarter filings from US apparel and footwear brands and retailers, Sears Holdings remained optimistic despite widening its net losses, while Vince Holding blamed challenging conditions and warm weather for a fall in both earnings and sales. Abercrombie & Fitch, meanwhile, revealed a "disastrous" quarter as sales fell and earnings plummeted 80%, while American Eagle Outfitters booked record sales and its 9th consecutive quarter of profit improvement.


US Q2 in brief - The Finish Line, Cherokee, Zumiez, Vince Holding, Tailored Brands Michelle Russell and Beth Wright | 9 Sep 16

In the most recent second-quarter filings from US apparel and footwear brands and retailers, Tailored Brands showed improvement on Q1 but saw earnings slide, while DSW booked mixed results. Abercrombie & Fitch widened its net losses but remained optimistic, while Destination Maternity revealed improved losses. Express, meanwhile, delivered what it described as a "disappointing" second-quarter, below management expectations, and Macy's saw a "distinct" improvement in its sales and earnings trends for the quarter. 


US Q4 in brief: Cherokee Global Brands, Perry Ellis, Destination Maternity Michelle Russell | 15 Apr 16

In the most recent fourth-quarter filings from US apparel brands and retailers, Destination Maternity and Perry Ellis saw their losses narrow, while New York & Co moved to a net profit. However, Iconix Brand Group cut its outlook after swinging to a loss, Finish Line saw its net profit plummet 90%, and Cherokee Global Brands posted a mixed performance. 


US Q3 in brief: Finish Line, Gymboree, Cherokee Global Brands, Men's Wearhouse Michelle Russell and Katie Smith | 7 Jan 16

In the most recent third-quarter filings from US apparel brands and retailers Gymboree, Aeropostale, Sears and New York & Co narrowed their losses, while Oxford Industries, Destination Maternity and J Crew saw theirs widen. Both The Finish Line and Men's Wearhouse swung to a loss. On a positive note, The Children's Place, Express, American Eagle Outfitters, G-III Apparel Group and Abercrombie & Fitch booked higher earnings. 


Destination Maternity rejects Orchestra-Premaman bid Michelle Russell | 15 Dec 15

Destination Maternity has rejected an unsolicited takeover bid by French children’s clothing company and stockholder Orchestra-Premaman S.A.


Destination Maternity eliminates president role Michelle Russell | 4 Dec 15

Destination Maternity has eliminated the role of president as part of a streamlining process, resulting in the departure of Christopher Daniel. 


US Q2 in brief: Finish Line, Zumiez, Cherokee, Gymboree Michelle Russell and Beth Wright | 25 Sep 15

Second-quarter earnings for the retail sector as a whole are forecast to be lower than the prior month, despite easy year-on-year comparisons. The Finish Line posted a small drop in net income, Zumiez saw its profit more than halve, Cherokee Global Brands posted a double-digit decline in net earnings, while Christopher & Banks swung to a loss, and Hudson's Bay was back in the black. 


US Q1 in brief: Finish Line, Cherokee, Destination Maternity Michelle Russell and Katie Smith | 26 Jun 15

First-quarter revenue forecasts for US apparel retailers fared far worse than earnings expectations. The Finish Line said it got off to a "solid start" with double-digit profit growth, and Cherokee was pleased with a "strong" quarter, despite some headwinds. Elsewhere, Urban Outfitters revealed a mixed quarter, while Men's Wearhouse booked record sales but a decline in earnings.


Destination Maternity moves to Q4 loss Michelle Russell | 13 Mar 15

Destination Maternity has moved to a loss in its fourth-quarter on the back of charges related to management and organisational changes.


Destination Maternity swings to Q4 loss Katie Smith | 5 Dec 14

Destination Maternity Corporation has said it is working to "aggressively" manage its inventory and become more customer-focused and product-centric, after swinging to a loss in the fourth quarter.


COMMENT: Mothercare turns corner but work ahead Katie Smith | 27 Nov 14

Struggling UK mother, baby and children's goods retailer Mothercare could finally be turning a corner after returning to profit in the first half of the year. But while the message is one of reassurance, more work inevitably lies ahead.


Destination Maternity expands into Israel Michelle Russell | 17 Oct 14

Destination Maternity is to expand into Israel through an international franchise agreement with H&O Fashion Ltd, one of the country's most dominant fashion-retail chains.

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