Large Corporations Are Shutting Down Their Stores Throughout The Country

Destination Maternity

Destination Maternity Corp. intends to reduce its retail presence to revive the business and increase e-commerce sales. The shop closures would impact 42 to 67 locations throughout the course of the year. They did this to lower retail costs and increased their internet presence. According to USA Today, the firm also intends to build smaller sites “with less square area to promote greater efficiency.”

Destination Maternity

Foot Locker

Foot Locker Inc. stated in March 2019 that it would close 167 locations. It intended to spend more heavily and pump millions of dollars into the remaining sites. This decision was taken to increase profit margins. The retailer’s stockholders were astonished by its performance in the fourth quarter of 2018.

Foot Locker