Destination Maternity
Destination Maternity Corp. intends to put less emphasis on its retail presence in order to revitalize the business and increase e-commerce revenues. The store closures that they are implementing this year would impact approximately 42 to 67 stores. They did this in the hopes of saving money in the store and growing their online presence. The company also intends to open smaller locations “with reduced square footage to drive higher productivity,” according to USA Today.
Destination Maternity
Foot Locker
Foot Locker Inc. announced the closure of 167 stores in March 2019. It intended to increase its investment and pump millions of dollars into the remaining locations. This decision was taken in order to increase profit margins. The retailer’s shareholders were surprised by its performance in the fourth quarter of 2018.
Foot Locker