As we walked into the store, we saw several signs for its buy-one-get-one 50% off promotion. We were also immediately alerted to the sale by the friendly sales associates.
In its most recent earnings call, Destination Maternity reported that comparable sales had dropped by 11.9%. The company currently holds $244 million in debt and $260.2 million in assets, according to its bankruptcy filing.
Ultimately, its friendly sales associates and informational displays may not be enough to save Motherhood Maternity.
However, Destination Maternity is working to find a buyer to prevent liquidation and preserve its three brands, so only time will tell what the future holds.