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Destination Maternity Announces Investor Conference Call; Management to Discuss Its Strategic Plan for Long Term Growth and Profitability

Will Provide Details on Financial Outlook and Company’s Strategic Plan, Destination Forward

MOORESTOWN, N.J.--(BUSINESS WIRE)--Oct. 26, 2018-- Destination Maternity Corporation (NASDAQ:DEST) (the “Company”) announced today that it will host a conference call on Thursday, November 1, 2018 at 9:30 am ET to discuss its strategic plan, Destination Forward, which is focused on driving the Company’s long term growth and profitability. A press release and an investor presentation outlining Destination Maternity’s strategic plan will be posted on the Company’s investor relations page prior to the start of the call.

Investors and analysts can participate in this conference call by dialing (866) 316-2683 in the United States and Canada or (720) 405-4066 outside of the United States and Canada. The call will also be available on the investors section of the Company's website at http://investor.destinationmaternity.com. Passcode for the conference call is 1279315.

In the event that you are unable to participate in the call, a replay will be available at 12:30 pm ET on November 1, 2018 through 11:59 p.m. ET on November 8, 2018 by calling (800) 585-8367 in the United States and Canada or (404) 537-3406 outside of the United States and Canada. Passcode for the replay is 1279315.

Forward-Looking Statements

The Company cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this release or made from time to time by management of the Company, including those regarding various business and financing initiatives, involve risks and uncertainties, and are subject to change based on various important factors. The following factors, among others, could cause actual results to differ materially from those expressed or implied in any of the forward-looking statements in this press release: the strength or weakness of the retail industry in general and of apparel purchases in particular; our ability to successfully manage our various business initiatives; our ability to enter into definitive documentation for the refinancing facility with Bank of America in the timeframe expected or at all; our ability to successfully manage our real estate relationships; overall economic conditions and other factors affecting consumer confidence, demographics and other macroeconomic factors that may impact the level of spending for apparel (such as fluctuations in pregnancy rates and birth rates), availability of suitable store locations, our ability to develop and source merchandise and other factors set forth in the Company’s periodic filings with the Securities and Exchange Commission. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct and persons reading this release are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this release. The Company assumes no obligation to update or revise the information contained in this release (whether as a result of new information, future events or otherwise), except as required by applicable law.

About Destination Maternity

Destination Maternity Corporation (Nasdaq: DEST) is the world's largest designer and retailer of maternity apparel. As of August, 4, 2018, Destination Maternity operates 1,114 retail locations in the United States, Canada and Puerto Rico, including 480 stores, predominantly under the trade names Motherhood Maternity®, A Pea in the Pod® and Destination Maternity®, and 634 leased department locations. The Company also sells merchandise on the web primarily through its brand-specific websites, motherhood.com and apeainthepod.com, as well as through its destinationmaternity.com website. Destination Maternity has international store franchise and product supply relationships in the Middle East, South Korea, Mexico, Israel and India. As of August 4, 2018, Destination Maternity has 188 international franchised locations, including 11 standalone stores operated under one of the Company's nameplates and 177 shop-in-shop locations.

Source: Destination Maternity Corporation

For Destination Maternity Corporation
Sloane & Company
Dan Zacchei / Erica Bartsch, 212-486-9500
Dzacchei@sloanepr.com / EBartsch@sloanepr.com