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Destination Maternity store
Source: Destination Maternity
Destination Maternity, a leading retailer of maternity wear, filed for bankruptcy Monday, buckling under the weight of an onerous debt load and struggling to compete with better capitalized competition.
Destination Maternity has a market capitalization of nearly $5 million, according to FactSet. It has $260 million in total assets and $244 million in total debt according, to its bankruptcy filing. For fiscal 2018, it reported a net loss of $14.3 million on sales of $383.8 million according to its most recent annual report.
The retailer, which employs a little over 1,100 full-time and 2,300 part-time employees, owned 458 U.S….
Source cnbc.com
