• Daphne Howland
• 16 Apr, 2019

Destination Maternity on Tuesday reported that net sales for the fourth quarter fell 13.1% to $91.3 million from $105.1 million in the year-ago quarter — in part because of the net closure of 29 owned stores and 83 leased locations, a comp sales decrease and one less selling week compared to a year ago.Also in the quarter, comparable sales fell 5.8% year over year, and gross margin rate contracted by 200 basis points to 48.4%, according to a company press release...
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