August 13, 2014 |
Edward M. Krell is stepping down as chief executive of Destination Maternity Corp. "to pursue other opportunities," the Philadelphia-based apparel retailer announced on Monday. Krell, 52, will be succeeded by Anthony M. Romano, a member of Destination Maternity's board. The change comes after the company's July 25 announcement that it had dropped its bid to acquire Mothercare, a British retailer of maternity and children's products. Mothercare's board rebuffed two offers. Five days later, Destination Maternity, which operates A Pea in the Pod and Motherhood Maternity stores, reported disappointing fiscal third-quarter earnings that it said "were considerably weaker than planned.
August 1, 2014 |
Destination Maternity Corp. shares fell 17.7 percent following the Philadelphia retailer's Wednesday announcement of disappointing quarterly earnings. The company reported a fiscal third-quarter profit of 40 cents per share, compared with 64 cents in the same period a year ago, and lower than its prior guidance of 53 cents to 62 cents. Shares closed down $3.99 at $18.56. Destination Maternity said on July 10 that it expected the quarterly to come in below the guidance range. "We are very disappointed in our sales and earnings results for the third quarter," Ed Krell, chief executive officer, said in a prepared statement.
April 6, 2014 |
Philadelphia will lose more than 600 jobs when homegrown Destination Maternity Corp. leaves its headquarters at Fifth and Spring Garden Streets for South Jersey. But unlike other gloomy portraits of corporations defecting to the suburbs, this one may have a silver lining for the city. Diverse proposals are emerging to buy the retailer's headquarters and distribution complex, a colossal parcel of nearly eight acres in an industrial-zoned enclave that has changed little as neighboring Old City and Northern Liberties grew into upscale residential communities over the last two decades.
September 14, 2013 |
Lured by $40 million in tax incentives, Destination Maternity Corp., a leading maternity apparel retailer, announced Thursday that it would move its corporate headquarters from Philadelphia to South Jersey. The move by the longtime Philadelphia firm caught city officials off guard, leaving them chagrined and disappointed. "This took us completely by surprise," Deputy Mayor for Economic Development Alan Greenberger said. Greenberger said the city, through the Philadelphia Industrial Development Corp., had been in discussions with Destination Maternity for some months about its moving operations to new quarters within the city.
January 31, 2013 |
So your baby bump is at the six-month mark, and you've got an important luncheon to attend. What to wear? If you're Kate Middleton, our favorite preggers princess, you would probably do long, lacy sleeves on a fitted pastel sheath - belted right above the tummy. On your feet, matching strappy pumps, of course. And no Duchess of Cambridge look is complete without a perfectly perched pillbox. So say the fashion-foreshadowers at Destination Maternity, the Philadelphia-based parent company of A Pea in the Pod and Motherhood Maternity.
January 9, 2013
In the Region US Airways starts Salt Lake flights US Airways Group Inc. said it will begin nonstop daily year-around service from Philadelphia to Salt Lake City on June 8. Citing high fuel prices, US Airways canceled a planned summer seasonal flight to Salt Lake City last March. Philadelphia's dominant airline said the time is right to add the flight back into the schedule, giving Philadelphia customers access to Utah for business or pleasure, and providing Salt Lake City travelers one-stop service to destinations on the East Coast, Europe and the Caribbean.
May 15, 2012 |
In a move predicted by Tattle and shocking no one, new mom Jessica Simpson is launching a maternity line. Jessica, 31, who gave birth to daughter Maxwell Drew Johnson on May 1, announced Monday a partnership between Camuto Group, the master licensee behind her label, and retailer Destination Maternity. The clothes will be in stores in the fall. She said she'll aim for a look "flattering to your baby bump. " This collection builds on her already strong fashion portfolio, with 24 product categories, including clothes, jewelry, shoes and beauty products, and once again proves that you don't have to design clothes to be a clothing designer.
July 7, 2011
The Bon-Ton Stores Inc., of York, Pa., said Thursday that revenue at stores open at least a year edged down 0.9 percent in June, hurt by weak demand during the first part of the month. Total revenue fell 1.5 percent to $240.8 million during the five weeks ended July 2. Year-to-date, revenue in stores open at least one year fell 1.3 percent and total revenue fell 1.9 percent to $1.07 billion. Revenue in stores open at least one year is an important metric of a retailer's health because it measures results at established stores rather than newly opened ones.