Destination Maternity
Destination Maternity is one of the biggest companies in the industry of maternity apparel. Last year, its CEO left after the gross sales dipped by more than 7 percent in one quarter. Now on a second interim CEO, the company asked Berkeley Research Group for help. The theory was that the relationship with Kohl’s is the root of the problem. In 2017, the total year over year sales dropped by 6.4 percent. Not all is lost, however, as the company saw a 40 percent increase in its e-commerce comps.
Destination Maternity
Ascena Retail
Ascena Retail is the owner of brands like Ann Taylor, LOFT, Lou & Grey, and Dress Barn. RetailDive explained that the situation with Dress Barn did not improve after getting a new chief. The brand will be closing a quarter of its stores by the end of the year to save the brand. Even though Ascena expected $1.7 billion sales in 2017, its top-line sales only declined. In May, Moody’s said the company “is on a path to developing a strong ‘backbone’ of retail capabilities.” There is still hope for it!
Ascena Retail
