MOORESTOWN, N.J.–(BUSINESS WIRE)–Destination Maternity Corporation (NASDAQ:DEST) (the Company)
announced today a restructuring of the Companys corporate product and
sourcing teams as part of its efforts to reduce costs following ongoing
rationalization of the Companys overall product mix and improvements in
inventory efficiency. These efforts are expected to yield net cost
savings of approximately $1.2 million – $1.4 million in fiscal year
2019. This restructuring is part of the initial stages of Destination
Maternitys broader strategic plan focused on improving its long-term
growth and profitability.
Marla Ryan, CEO of Destination Maternity commented, Rec…
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