Destination Maternity
In this economy, Destination Maternity Corp. wants to prioritize its e-commerce sales and lessen its retail presence. This decision has affected around 42 to 67 stores. The company did this in a bid to bring down store expenses so that it can expand its online presence. USA Today reported that the clothing retailer wants to put up smaller stores “with reduced square footage to drive higher productivity.”
Destination Maternity
Foot Locker
Back in March 2019, this shoe retailer informed all of us of its plan to shutter 167 stores. Its goal was to invest more money in the stores that were not affected by the closures. This decision was made in a bit to raise profit margins. Its shareholders had been pleasantly surprised by its performance in Q4 of 2018.
Foot Locker
