Destination Maternity
One of the largest companies in the maternity apparel industry is Destination Maternity. Since gross sales dropped by more than 7% in a quarter last year, the CEO resigned. The organization now approached Berkeley Research Group to provide advice on a second temporary CEO. The idea was that the relationship with Kohl was the source of the problem. The year-on-year revenue plummeted by 6.4 percent in 2017. But not everything is gone because the organization has seen its e-commerce companies rise by 40%.
Destination Maternity
Ascena Retail
Brands such as Ann Taylor, LOFT, Lou & Grey, and Dress Barn are all owned by Ascena Retail. RetailDive clarified that after having a new chief, the condition with Dress Barn did not improve. By the end of the year, the company must close a quarter of its stores to save the brand. And while Ascena expected revenue of $1.7 billion in 2017, its top sales decreased instead. Moody’s said in May that the company “is on its way to a strong backbone for retail efficiency.”
Ascena Retail
