Destination Maternity considers sale option after tough Q2

Destination Maternity Corporation for its second quarter reported net sales decrease of 11.9 percent to 84.9 million dollars, negatively impacted by the net closure of 6 owned locations and 55 leased locations as well as a 10.5 percent decrease in comparable sales, which included an 11.9 percent decrease in comparable store sales and a 6.4 percent decrease in ecommerce sales. The company added that Destination Maternity is reviewing various potential strategic and financial alternatives including a sale or merger of the company.