Destination Maternity
To revitalize the company and boost e-commerce sales, Destination Maternity Corp. plans to focus less on its retail presence. The store closures are expected to affect 42 to 67 stores by the end of the year. 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 pour millions of dollars into the remaining locations. This decision was made in order to increase profit margins. The retailer’s shareholders were surprised by its performance in the fourth quarter of 2018.
Foot Locker
