Destination Maternity
Destination Maternity Corp. plans to decrease its retail presence to revitalize the company and enhance e-commerce sales. The store closings would affect 42 to 67 sites throughout the course of the year. They did this to save retail expenditures while also increasing their online presence. The company reportedly plans to develop smaller campuses “with less square area to encourage more efficiency,” according to USA Today.
Destination Maternity
Foot Locker
Foot Locker Inc. announced in March 2019 that it would be closing 167 stores. It is expected to invest more significantly in the remaining locations, pumping millions of dollars into them. This move was made to boost profit margins. The retailer’s success in the fourth quarter of 2018 astounded its investors.
Foot Locker
