The company said on Wednesday its Q1 net profit decreased. Revenues slipped by 9 percent from the same period last year.
The company's net profit for Q1 was 0.1 million dollars, down from 0.2 million dollars a year earlier. Revenues dropped to 94.2 million dollars.
Headquartered in Moorestown, New Jersey, Destination Maternity Corporation is one of the leading maternity apparel retailers.Formerly Known as Mothers Work, Inc., the company sells its merchandise through 1,012 retail locations, including 458 stores in the United States, Canada and Puerto Rico, and 554 leased departments as well as Motherhood.com, APeaInThePod.com and DestinationMaternity.com Websites.
As of 2019, Destination Maternity has more than 30,000 employees and operates over 1,000 stores.