Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 31 n° 301

Destination Maternity Hires Great American Group to Help Rationalize Inventory and Product Cycle

Posted by fidest press agency su venerdì, 5 ottobre 2018

Destination Maternity Corporation (NASDAQ: DEST) (the “Company”) announced today that it has retained Great American Group to assist the Company in the strategic rationalization of its overall store inventory and product cycle.Marla Ryan, the CEO of Destination Maternity commented, “We remain committed to finding efficiencies across our cost structure. To that end, we welcome the opportunity to work with Great American Group to assist us in maximizing inventory efficiency, including reducing lower-performing inventory while investing in higher velocity items across our store base.“In conjunction with the expected $76 million refinancing facility with Bank of America, we believe the engagement with Great American Group will help to improve our product cycle, rationalize inventory levels and further strengthen our capital base going forward.”Based in Woodland Hills, CA, Great American Group serves as a leading provider of asset disposition and valuation and appraisal services to a wide range of retail, wholesale and industrial clients.

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