Destination Maternity
Destination Maternity Corp. intends to reduce its reliance on its retail presence in order to revitalize the business and boost e-commerce revenues. Around 42 to 67 retail locations will close this year. They did so in order to save money in the store and to increase their online presence. According to USA Today, the corporation also intends to build smaller stores “with decreased square footage to achieve improved efficiency.”
Destination Maternity
Foot Locker
Foot Locker Inc. announced the closure of 167 stores in March 2019. It planned to increase its investment in the remaining sites by millions of dollars. This decision was made to increase profit margins. Stockholders were astounded by the retailer’s performance in the fourth quarter of 2018.
Foot Locker