Destination Maternity Will Shutter Up To 174 Stores By 2020, Shift To Evergreen Product Model

Destination Maternity plans to close 117 stores and leased shops by the end of fiscal 2018 and another 42 to 57 locations by the end of fiscal 2019, in early February 2020. The move is part of a larger cost-cutting and business renewal effort called “Destination -> Forward.”

Unprofitable stores and oversaturated markets are the prime targets for closures in the longer term: Destination Maternity will close a total of 240 to 280 stores through fiscal 2022. As of Aug. 8, 2018 the company operated 480 stores in the U.S. and Canada. The retailer expects to save between…