Destination Maternity
Destination Maternity Corp. intends to reduce its retail presence in order to reinvigorate the firm and increase e-commerce sales. The retail closures would affect 42 to 67 stores throughout the course of the year. They did this in the aim of lowering store costs and increasing their internet presence. According to USA Today, the corporation intends to create smaller shops “with less square footage to achieve higher efficiency.”
Destination Maternity
Foot Locker
Foot Locker Inc. said in March 2019 that it would close 167 shops. It intended to spend more heavily and pour millions of dollars into the remaining locations. This decision was made to increase profit margins. The retailer’s shareholders were shocked by its performance in the fourth quarter of 2018.
Foot Locker
