Friday, April 14, 2017

Loss widens at Destination Maternity

Destination Maternity Corp. saw its loss widen in the fourth quarter and the full year amid declining same-store sales and its exit from several businesses.  
The maternity clothing retailer reported a loss $32.8 million, which included a $27.8 million non-cash income tax charge. Its adjusted net loss was $3.2 million, compared to an adjusted net loss of $1.5 million in the year-ago period.
Revenue totaled $100.2 million in the period. Same-store sales fell 7.8%.. . . more

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