Destination Maternity has filed for Chapter 11 bankruptcy protection. As a result the maternity Appeal store plans to close 183 of their retail locations in the near future.
In the bankruptcy filing, Destination Maternity revealed that have not made a profit in the last 5 years. The company is hoping that they can remain open long enough to be to find a new owner.
I can see big retailers like Walmart and Target being interested in acuring this brand. I am not sure if they will have any interested in keeping the retail stores open.