Destination Maternity
RetailDrive called Destination Maternity a giant in the world of maternity apparel since it boasts a thousand stores. The CEO of this retailer left the company when gross sales dipped by over 7 percent in a single quarter. The company was on the second interim CEO when it asked help from Berkeley Research Group. They arrived at the conclusion that the broken relationship Destination Maternity had with Kohl’s caused many of the problems it was facing. During the 2017 fiscal year, the total year over year sales went down by 6.4 percent to $406.2 million. There has been a silver lining, however. The company must have been glad to see that its eCommerce comps went up by 40 percent!
Destination Maternity
Ascena Retail
Ascena Retail is behind retailers such as Lou & Grey, LOFT, Dress Barn, and Ann Taylor. RetailDive said that things did not improve even though they got a new chief to take over Dress Barn. In an effort to rescue the brand, it is closing a quarter of its stores in 2019. RetailDive also said that Ascena was expecting to see $1.7 billion in sales during the 2017 fiscal year. In March, the retailer said that the top-line sales went down year over year. By May, things appeared to be improving as the financial services company Moody’s said that Ascena“is on a path to developing a strong ‘backbone’ of retail capabilities.”
Ascena Retail
