Destination Maternity on Wednesday announced that Marla Ryan, "by mutual agreement with the Board," would step down as chief executive officer, effective Thursday. She's staying on to assist with the transition and will take a new role as president of product design, sourcing and merchandising, according to a company press release.
The maternity apparel retailer on Wednesday also reported a dismal first quarter. Net sales plummeted 8.7% to $94.2 million, hurt by the net closure of 32 owned and 88 leased locations, and a 7.2% comp sales slide.. . . more