2017 Press Releases

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10/19/17Destination Maternity Stockholders Re-Elect All Four Incumbent Director Nominees At 2017 Annual Meeting Of Shareholders
MOORESTOWN, N.J., Oct. 19, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced that, based on preliminary voting tabulations, Destination stockholders have supported the re-election of all four Destination nominees to the Company's Board of Directors: Michael J. Blitzer, Barry Erdos, Melissa Payner-Gregor, and B. Allen Weinstein. Additionally, stockholders voted in favor of all other proposals submitted for a vote... 
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10/16/17Destination Maternity Provides Operational Update Following Constructive Stockholder Engagement
Continues to expect $10 - $11 million in annualized savings E-commerce sales increase over 50% in the first eleven-weeks of Q3 2017, accelerating from 30.2% rise in Q2 MOORESTOWN, N.J., Oct. 16, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today provided an operational update following constructive engagements with Company stockholders over the last several weeks. Allen Weinstein, Interim Chief Executive Officer,... 
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10/13/17Destination Maternity Highlights ISS Support of Company's Nominees and Equity Plan Proposal
ISS Recommends Shareholders Vote "FOR" All Four Destination Director Nominees Notes Orchestra-Prémaman's Operational and Financial Struggles Highlights Potential Securities Laws Violation by Orchestra-Prémaman Urges Stockholders to Ignore Dissident Campaign Built on Hypocritical Accusations and Devoid of Alternative Direction MOORESTOWN, N.J., Oct. 13, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today issued... 
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10/04/17Destination Maternity Sends Letter To Stockholders Regarding Upcoming Annual Meeting
Recommends Stockholders Vote on the WHITE Proxy Card "FOR" each of Destination's Highly Qualified and Experienced Directors Highlights Results Generated by Strategic Initiatives and Organizational Transformation Overseen by the Board and Management Raises Serious Issues Regarding Orchestra-Prémaman's Campaign to Vote Against Directors Eligible for Re-Election MOORESTOWN, N.J., Oct. 4, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity ... 
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09/07/17Destination Maternity Reports Second Quarter And First Six Months Fiscal 2017 Results
- E-commerce sales rise 30.2% from prior year second quarter - Second quarter gross margin improves 150 basis points MOORESTOWN, N.J., Sept. 7, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced financial results for the second quarter and first six months of fiscal 2017 ended July 29, 2017 compared to the second quarter and first six months of fiscal 2016 ended July 30, 2016. Second Quarter Fiscal 2017... 
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09/07/17Destination Maternity Announces CEO Transition Plan
- Independent Director B. Allen Weinstein to serve as Interim CEO - - Board initiates search for new CEO - MOORESTOWN, N.J., Sept. 7, 2017 /PRNewswire/ -- Destination Maternity (NASDAQ: DEST) announced today the appointment of Allen Weinstein, an independent director of the Company, as Interim Chief Executive Officer, effective at close of business September 7, 2017. The Board and Anthony M. Romano mutually agreed that Mr. Romano will step down from his role as President, Chief Executive O... 
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08/31/17Destination Maternity Corporation Announces Conference Call for Second Quarter Fiscal 2017 Financial Results Thursday, September 7, 2017 9:00 a.m. Eastern Time
MOORESTOWN, N.J., Aug. 31, 2017 /PRNewswire/ -- Destination Maternity Corporation (Nasdaq: DEST), today announced that the release of its second quarter fiscal 2017 financial results will take place on Thursday, September 7, 2017. Results will be released over PR Newswire at approximately 6:45 a.m. Eastern Time. Members of its senior management will hold a conference call at 9:00 a.m. Eastern Time, to discuss its results. Investors and analysts can participate in this conference call by diali... 
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08/17/17Destination Maternity Announces Date Of Annual Meeting Of Stockholders
MOORESTOWN, N.J., Aug. 17, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced that the 2017 annual meeting of stockholders will be held on Thursday, October 19, 2017, at its corporate headquarters, 232 Strawbridge Drive, Moorestown, NJ. Stockholders of record as of the close of business on September 18, 2017 will be entitled to receive notice of and to vote at the meeting. About Destination Maternity Destinat... 
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08/09/17Destination Maternity Reports Improving Comparable Sales Trend For Fiscal 2017 Second Quarter With Significant Improvement In Ecommerce
MOORESTOWN, N.J., Aug. 9, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced its third straight quarter of improved comparable sales trend with its fiscal 2017 second quarter.  The Company noted that the improvement in trend reflects both the positive impact from its web re-platform and merchandising planning and allocation improvements.  The Company noted further that it expects to report improved Adjusted EBITD... 
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07/27/17Destination Maternity And Orchestra-Prémaman Announce Termination Of Merger
MOORESTOWN, N.J. and MONTPELLIER, France, July 27, 2017 /PRNewswire/ -- Destination Maternity (NASDAQ: DEST) and Orchestra-Prémaman S.A. (ENXTPA: KAZI) today announced that the merger agreement, entered into by the parties on December 19, 2016, has been terminated. Despite substantial and sustained efforts by both parties since execution of the merger agreement in December 2016, and in light of the challenges of satisfying applicable securities regulations in France and in the U.S. as well a... 
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06/08/17Destination Maternity Reports First Quarter Fiscal 2017 Results
MOORESTOWN, N.J., June 8, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST), the world's leading maternity apparel retailer, today announced financial results for the first quarter of fiscal 2017 ended April 29, 2017 compared to the first quarter of fiscal 2016 ended April 30, 2016. First Quarter Fiscal 2017 Selected Financial Results (13 weeks ended April 29, 2017) Net sales were $106.4 million compared with $124.4 million for the prior year quarter. Gross ma... 
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06/06/17Destination Maternity Corporation Announces Conference Call for First Quarter Fiscal 2017 Financial Results
Thursday, June 8, 2017 9:00 a.m. Eastern Time MOORESTOWN, N.J., June 6, 2017 /PRNewswire/ -- Destination Maternity Corporation (Nasdaq: DEST), today announced that the release of its first quarter fiscal 2017 financial results will take place on Thursday, June 8, 2017. Results will be released over PR Newswire at approximately 6:45 a.m. Eastern Time. A pre-recorded conference call that includes comments on the results from members of senior management will be available at 9:00 a.m. Eastern... 
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06/02/17Destination Maternity and Orchestra Prémaman Comments on Merger
Merger remains on track to close during the 2017 third quarter MOORESTOWN, N.J. and MONTPELLIER, France, June 2, 2017 /PRNewswire/ -- Destination Maternity Corporation (NASDAQ: DEST) and Orchestra-Prémaman S.A. (ENXTPA: KAZI) today announced that they continued to make progress toward their merger, which remains on track to close during Destination Maternity's third fiscal quarter of 2017. Work is proceeding on the preparation of the registration statement on Form F-4 to be filed with the... 
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04/13/17Destination Maternity Reports Fourth Quarter And Fiscal 2016 Results
- Fourth quarter GAAP net loss of $32.8 million, which includes a $27.8 million non-cash income tax charge, compared to GAAP net loss of $3.1 million for the quarter ended January 30, 2016 - Fourth quarter Adjusted EBITDA before other charges totals $2.1 million compared to Adjusted EBITDA before other charges of $3.2 million for the quarter ended January 30, 2016 - Fiscal year GAAP net loss of $32.8 million, or $2.39 per share, including a $27.8 million, or $2.02 per share non-cash income... 
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04/06/17Destination Maternity Corporation Announces Conference Call for Fourth Quarter and Full Year Fiscal 2016 Financial Results Thursday, April 13, 2017 9:00 a.m. Eastern Time
MOORESTOWN, N.J., April 6, 2017 /PRNewswire/ -- Destination Maternity Corporation (Nasdaq: DEST) today announced that the release of its fourth quarter and full year fiscal 2016 financial results will take place on Thursday, April 13, 2017. Results will be released over PRNewswire at approximately 6:45 a.m. Eastern Time. A pre-recorded conference call that includes comments on the results from members of senior management will be available at 9:00 a.m. Eastern Time on the same day.  Investor... 
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01/06/17Destination Maternity And Orchestra Prémaman Announce Participation In 19th Annual ICR Conference
MOORESTOWN, N.J. and MONTPELLIER, France, Jan. 6, 2017 /PRNewswire/ -- Destination Maternity (NASDAQ: DEST) and Orchestra Prémaman S.A. (ENXTPA: KAZI) today announced that they will be presenting at the 19th Annual ICR Conference held at the JW Marriott Orlando Grande Lakes in Orlando, FL on Wednesday, January 11, 2017 at 11:30 a.m. Eastern Time. Pierre Mestre, Orchestra's Founder and Chairman and Anthony Romano, Destination Maternity's Chief Executive Officer & President, will host the p... 
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