Destination Maternity FY17 comparable sales decline 1.5 percent

Destination Maternity Corporation said that net sales for the fourth quarter rose to 105.1 million dollars driven by an increase in comparable retail sales as well as additional sales generated in the 53rd week. Comparable sales for the quarter increased 5.2 percent. For the full fiscal year, net sales were 406.2 million dollars compared with 433.7 million dollars for the previous fiscal year, driven by the wind down of the Kohl's relationship, the net closure of 28 retail stores, and a 1.5 percent decline in comparable sales.