Tuesday, March 29, 2016

Destination Maternity gives turnaround update, loses CFO

Destination Maternity says its turnaround efforts are working to drive long-term growth despite a decrease in same store sales during the fourth quarter.

The company said that for the fourth quarter ended Jan. 30, same store sales decreased 3.5%. The retailer's net loss improved to $3.1 million compared to a net loss of $17 million in the prior year quarter. Net sales were $118.3 million compared with $121.2 million for the comparable three month in 2015.. . . more

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