Destination Maternity Corp. (DESTQ)
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Destination Maternity Corp. Profile
| Textiles, Apparel & Luxury Goods Industry | Consumer Discretionary Sector | David J. Helkey CEO | OTC PINK Exchange | 25065D100 CUSIP |
| US Country | 1,100 Employees | 5 Jan 2016 Last Dividend | 2 Mar 2011 Last Split | - IPO Date |
Overview
Destination Maternity Corporation, founded in 1982 and based in Moorestown, New Jersey, is a leading retailer specializing in apparel for expectant mothers. Formerly known as Mothers Work, Inc., the company underwent a significant rebranding in December 2008 and has since built a vast global presence. As of September 17, 2019, the corporation boasted 1,108 retail locations worldwide. Within North America, Destination Maternity operates 474 proprietary stores that feature its unique brands, including Motherhood Maternity, A Pea in the Pod, and Destination Maternity. Additionally, it maintains 634 leased department spaces across the U.S. and Puerto Rico, further solidifying its market reach. Internationally, the company has expanded its brand through 184 franchised locations, with standalone stores and shop-in-shop concepts situated in prominent markets such as the Middle East, South Korea, Mexico, and Israel.
Products and Services
- Motherhood Maternity
This brand emphasizes moderately priced apparel designed for expectant mothers. Motherhood Maternity outlets are strategically positioned in regional malls, strip and power centers, and urban business districts, making maternity fashion accessible in various shopping environments.
- A Pea in the Pod
A Pea in the Pod is dedicated to offering a curated selection of designer maternity wear. This brand primarily operates within regional malls, lifestyle centers, and bustling urban areas, catering to a more upscale segment of the maternity market.
- Destination Maternity Stores
These comprehensive retail hubs combine the offerings of both Motherhood Maternity and A Pea in the Pod. Positioned in regional shopping malls and lifestyle centers, these larger format stores provide a wide range of maternity-related products, including accessories, nursing supplies, health and fitness items, literature, and nutritional products.
- E-commerce
Destination Maternity operates a robust e-commerce presence, reaching customers through dedicated websites such as Motherhood.com, APeaInThePod.com, DestinationMaternity.com, and MotherhoodCanada.ca. The company also distributes its merchandise via major online platforms like Amazon.com and partner retail sites such as Macys.com, ensuring convenient access to its products from the comfort of home.
