×
73 831
Fashion Jobs
BANANA REPUBLIC
Associate Creative Director
Permanent · SAN FRANCISCO
GAP INC.
Senior Product Manager, Digital Content
Permanent · SAN FRANCISCO
GAP INC.
Product Manager ii – Content Management System
Permanent · SAN FRANCISCO
JCPENNEY
Area Salon Manager - Mid Rivers Mall & Dardenne Prairie Town Square
Permanent · St. Peters
JCPENNEY
Asset Protection Manager, Bronx, ny
Permanent · Bronx
JCPENNEY
Division Merchandise Manager - Women's Speciality
Permanent · Plano
JCPENNEY
Maintenance Manager
Permanent · Columbus
JCPENNEY
Asset Protection Manager
Permanent · Goodlettsville
JCPENNEY
Salon Manager Btc - Prien Lake Mall
Permanent · Lake Charles
JCPENNEY
Senior Manager, Product Operations
Permanent · Plano
JCPENNEY
Salon Manager Btc - Weddington Plaza
Permanent · Pikeville
JCPENNEY
Asset Protection Manager, Woodbridge, va
Permanent · Woodbridge
JCPENNEY
Asset Protection Associate
Permanent · Woodbridge
JCPENNEY
District Manager - Miami, fl
Permanent · Plantation
JCPENNEY
District Manager - Seattle, wa
Permanent · Spokane
JCPENNEY
Salon Manager Btc - Acadiana Mall
Permanent · Lafayette
JCPENNEY
Sales Floor Supervisor - Monroeville Mall
Permanent · Monroeville
JCPENNEY
Asset Protection Manager Des Peres, mo
Permanent · Des Peres
JCPENNEY
Asset Protection Manager Fayetteville, nc
Permanent · Fayetteville
JCPENNEY
General Manager, Okemos, mi
Permanent · Meridian charter Township
JCPENNEY
Salon Manager Btc - Brass Mill Center
Permanent · Waterbury
JCPENNEY
Area Salon Manager - Morgantown Mall & Uniontown Mall
Permanent · Uniontown
Published
Jun 25, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Destination Maternity seeks to streamline workforce

Published
Jun 25, 2019

Hot on the heels of the maternity apparel retailer’s announcement that it is on the lookout for a new CEO, Destination Maternity Corporation announced on Monday that it will be conducting a reduction in force in an effort to streamline its operations and cut costs.


Earlier this month Destination Maternity announced that it has begun searching for a new CEO - Instagram: @apeainthepodmaternity

 
The staff cuts are expected to result in savings of between $4.0 million and $4.5 million on an annualized run-rate basis and will principally affect the Moorestown, New Jersey-based company’s product pipeline teams as the retailer seeks to reposition itself with a key-item-driven assortment focused on evergreen product.
 
“This reduction in force is a very difficult, but necessary step for the company,” said Lisa Gavales, chair of the office of the CEO, in a release. “We are streamlining our teams, and sharpening our product offering to focus on the key items that are most important and relevant to our new moms and moms2be. While challenging, this is a critical step in helping to position the business as a more nimble and profitable organization in the future.”

Destination Maternity expects the reduction in force to result in a one-time severance charge of $1.3 million to $1.5 million in the second quarter of 2019, with severance benefits being paid out ratably. The company has also pledged to provide affected employees with customary transition assistance.
 
The retailer, which operates under the Motherhood Maternity, A Pea in the Pod and Destination Maternity banners, has had a disappointing start to the year. The company reported net sales of $94.2 million for the first quarter ended May 4, 2019, down 8.7% from the prior-year period, while net earnings fell to $0.1 million, down from $0.2 million.
 
Destination Maternity Corporation currently operates 998 retail locations in the United States, Canada and Puerto Rico.

Copyright © 2023 FashionNetwork.com All rights reserved.