Destination Maternity's Paramus, NJ location.
MOORESTOWN, NJ— Locally-based specialty retailer Destination Maternity Corp. and some of its subsidiaries, filed voluntary Chapter 11 petitions on Monday to restructure under the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
The firm's 446 stores operate under three retail flags: Motherhood Maternity, A Pea in the Pod and Destination Maternity. The company currently has 491 leased departments within Macy's, buybuy BABY and Boscov's. The company stated in an announcement that during the bankruptcy proceedings that it plans to sell some of its stores. In its bankruptcy filing, Destination Maternity will commence to shutter no fewer than 175 locations by Oct. 28 and no fewer than 35 additional locations by Nov. 1.
A hearing on the Destination Maternity's First Day Motions is scheduled to be held today at 1 p.m. at the United States Bankruptcy Court for the District of Delaware.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
