The maternity apparel retailer has announced that it is considering strategic alternatives, including a potential sale, following a rough second quarter that saw a significant dip in the company’s revenues.
Hot on the heels of the retailer’s announcement that it is on the lookout for a new CEO, Destination Maternity has announced that it is conducting a reduction in force in an effort to streamline operations and cut costs.
The American maternity-wear retailer announced declining first-quarter sales on Wednesday and revealed that it has begun searching for a new CEO following Marla Ryan’s decision to step down from the post.
The Moorestown, New Jersey-based maternity apparel retailer announced a narrowed fourth-quarter net loss of $6.4 million on Tuesday, as the company’s cost-cutting initiatives helped compensate for tumbling sales.
The maternity-wear company announced its new multi-year strategy “Destination -> Forward” on Thursday, setting ambitious targets for 2022 as it seeks to streamline its operations and foster innovation.
After weeks of tense exchanges, the maternity apparel company announced the preliminary results of the vote for its Board members at its Annual Meeting on Wednesday, declaring the victory of a new slate of directors.
As the maternity apparel company’s annual meeting approaches, dissident stockholders led by George Miller have contested Institutional Stockholder Services’ recommendation to vote against their Board nominees.