Destination Maternity has opened its first freestanding store in India, located in the largest mall in the country. Ed Krell, CEO of Destination Maternity, commented, "We are very excited to announce the opening of the first Destination Maternity store in India. Mahindra Retail has done a great job opening Motherhood shop-in-shops within their own Mom & Me stores, and the launch of a Destination Maternity freestanding store is the natural next step for expanding our presence in India."
Destination Maternity announced its new broad-based partnership with Bed Bath & Beyond and its subsidiary, Buy Buy Baby. In addition, Destination Maternity expects that its Motherhood Maternity and A Pea in the Pod branded maternity and nursing apparel will be available for sale in select Buy Buy Baby stores beginning in November 2012. As of February 25, 2012, Buy Buy Baby has 64 stores in the United States.
Destination Maternity, the maternity apparel retailer, today announced the expansion of its business in South Korea with the launch of a dedicated South Korean e-commerce site. South Korean consumers will now be able to shop online for A Pea in the Pod, A Pea in the Pod Collection and Motherhood Maternity brand maternity clothing and accessories. The site will be operated by Destination Maternity's South Korean franchise partner, Agabang & Company, and will provide a fast, easy shopping experience for consumers with convenient local shipping.
Destination Maternity announced its planned expansion into South Korea through an international franchise agreement with Agabang & Company, one of the leading retailers in South Korea.
Destination Maternity announced the hiring of Chris Daniel as its president, effective June 1. Daniel will report directly to Ed Krell, CEO, and will have responsibility for all merchandising, design, marketing, visual, sourcing and branding functions of the company.
Destination Maternity, free of the restructuring charges that put a dent into profits last year, said its first-quarter net income more than quadrupled, easily topping Wall Street expectations.