×
69 371
Fashion Jobs
ESTEE LAUDER
Lead, Business Analysis, West Coast Cluster Brands
Permanent · Irvine
GAP INC.
Manager, Hroc And People Operations
Permanent · San Francisco
RAG & BONE
Sales Supervisor (Full -Time) - Fillmore
Permanent · San Francisco
SALLY BEAUTY CORPORATE
Outside Sales Representative -Cosmoprof
Permanent · Cleveland
NORDSTROM
Asset Protection - Agent - Bellevue Square
Permanent · Bellevue
DESIGNER BRANDS
General Manager
Permanent · Houston
BANANA REPUBLIC
General Manager - Bellevue Square
Permanent · Bellevue
CENTRIC BRANDS
Senior Manager, Production
Permanent · New York
ADIDAS
Sales Support Representative
Permanent · Carlsbad
ADIDAS
Senior Manager Business Process - Scm Retail Operations
Permanent · Portland
OLD NAVY
Assistant General Manager - Huntington - wv
Permanent · Barboursville
OLD NAVY
Assistant General Manager - Shoppes at Fox River
Permanent · Waukesha
OLD NAVY
General Manager - Walpole
Permanent · Walpole
OLD NAVY
sr. Director, Store Experience & Communications (Remote)
Permanent · San Francisco
OLD NAVY
Asset Protection Service Representative - Woodbury Common
Permanent · Woodbury
ASCENA
Store Sales Manager
Permanent · Baltimore
ASCENA
pt Sales | Stock Lead
Permanent · Aurora
ASCENA
Stock Lead
Permanent · Omaha
ASCENA
Sales Manager—Part-Time/Flexible Scheduling
Permanent · Savannah
ASCENA
Part-Time Sales Manager
Permanent · Phoenix
MACY'S
Asset Protection Detective, Shoppes at Buckland Hills - Full Time
Permanent · Manchester
MACY'S
Manager, Operations - Shipping/Exceptions - 4x10
Permanent · Owasso
Published
Nov 3, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Destination Maternity looks to the future with new strategic plan

Published
Nov 3, 2018

Destination Maternity Corporation announced its new multi-year strategy “Destination -> Forward” on Thursday, setting ambitious targets for 2022 as it seeks to streamline its operations and foster innovation.
 

Destination Maternity Corporation operates under the Motherhood Maternity, A Pea in the Pod and Destination Maternity banners - Instagram: @apeainthepodmaternity


The new strategy is structured around three main priorities: reducing costs and stabilizing business, simplifying and strengthening the company’s organization for the future, and refocusing on product innovation and solutions.
 
The goal is to achieve full-year revenues in the range of $450 million to $475 million in 2022, and annual e-commerce growth of 20%. In the same year, it is hoped that the company’s adjusted earnings per share (EPS) will hit a target of between $1.20 and $1.60, and that adjusted EBITDA will reach between $42 million and $51 million.

“Since becoming CEO of Destination Maternity, we have conducted a rigorous assessment of the entire enterprise aimed at identifying areas to rationalize expenses, accelerate revenue growth, and improve profitability,” said Destination Maternity CEO Marla Ryan in a release.
 
“Destination -> Forward is the result of this effort and provides a comprehensive blueprint for cost reduction, infrastructure optimization and innovative solutions to meet the unique needs of new moms and moms2be,” she added.
 
The news comes just days after Destination Maternity announced job cuts in its corporate product and sourcing teams expected to result in net cost savings of between $1.2 and 1.4 million in fiscal 2019.
 
Ryan stepped into her position at the end of May shortly after she was elected onto the company’s Board as part of a complete overhaul which replaced all previous directors with a new female-majority slate. When she took on her new role, Ryan promised to implement “a comprehensive and attainable business plan” aimed at turning the company’s fortunes around.

Destination Maternity also provided financial guidance for fiscal 2018 and 2019. The company expects full-year revenues to total between $390 million and $395 million in 2018, falling to between $377 million and $387 million in 2019.

The company reported net sales of $96.4 million in the second quarter of 2018, a 1.9% decline compared to the prior-year period due to 27 store closures, but also managed to narrow its losses and improve profitability. 

Copyright © 2022 FashionNetwork.com All rights reserved.