March 21, 2012 – 11:19 am
PHILADELPHIA, Mar 14, 2012 /PRNewswire/ — Destination Maternity Corporation (Nasdaq: DEST – News ), the world’s heading maternity attire retailer, currently voiced the enlargement of its business in South Korea with the launch of a dedicated South Korean e-commerce site, www.destinationmaternity.co.kr . South Korean customers will right away be able to emporium online for A Pea in the Pod, A Pea in the Pod Collection, and Motherhood Maternity brand maternity clothing and accessories. The site will be operated by Destination Maternity’s South Korean authorization partner, Agabang Company, and will supply a fast, easy selling experience for customers with available local shipping.
With the launch of www.destinationmaternity.co.kr , South Korean moms-to-be will be able to find a entire world of in vogue maternity wear online without leaving the soothe of their own home, or in person, by Destination Maternity’s eleven complete authorization locations in South Korea. Agabang currently operates two freestanding Destination Maternity stores and 9 shop-in-shops located inside of its Nextmom and Agabang Gallery stores.
Ed Krell, Chief Executive Officer of Destination Maternity, commented, “We are really vehement that Agabang Company is expanding the attain of the maternity wear brands online in South Korea. The Destination Maternity South Korean website www.destinationmaternity.co.kr , in multiple with the flourishing number of stores in the region, will supply trusting mothers with the chance to emporium extraordinary fashions in yes or no duct she prefers. This is a wonderful chance for both Agabang Company and the moms-to-be in South Korea.”
Under a multi-year authorization agreement, Destination Maternity has partnered with Agabang Company to run branded sell locations and marketplace goods beneath the Company’s Motherhood Maternity, A Pea in the Pod, and Destination Maternity brands in South Korea.
About Destination Maternity Corporation
Destination Maternity Corporation is the world’s largest planner and tradesman of maternity apparel. In the United States and Canada, as of December 31, 2011, Destination Maternity operates 2,061 sell locations, inclusive 656 stores, primarily beneath the tradenames Motherhood Maternity, A Pea in the Pod, and Destination Maternity, and 1,405 leased subdepartment locations, and sells on the web by its DestinationMaternity.com and brand-specific websites. Destination Maternity moreover distributes its Oh Baby by Motherhood gathering by a protected understanding at over 1,100 Kohl’s stores via the United States and on Kohls.com. In addition, Destination Maternity is expanding internationally and has disdainful store authorization and product supply interaction in India, the Middle East and South Korea. As of December 31, 2011, Destination Maternity has 78 general with all rights reserved locations, inclusive 63 shop-in-shop locations and 15 Destination Maternity branded stores.
About Agabang Company
In 1979 Agabang Company launched the initial veteran firm in South Korea specializing in newborn clothing and rigging and is right away the heading tradesman of newborn attire and trappings in South Korea. In South Korea, as of January 31, 2012, Agabang has 22 Agabang owned and operated freestanding stores beneath the Agabang Gallery, Baby House, and Nextmom brands, 326 with all rights reserved freestanding locations beneath the Agabang, Ettoi, Dear Baby, Elle and 2ya2aO brands, and 457 owned or with all rights reserved shop-in-shops beneath its owned or protected brands in sell stores such as Lotte, Shinsegae, Hyundai and E-Mart. Agabang moreover sells on the web by www.aganet.co.kr . In addition, as of January 31, 2012, Agabang Company operates 56 with all rights reserved freestanding stores in China beneath the Agabang brand and 82 shop-in-shops inside of major subdepartment stores in China such as Parkson, Isetan and Jeonhwa.
Destination Maternity Corporation (the “Company”) cautions that any forward-looking statements (as such tenure is tangible in the Private Securities Litigation Reform Act of 1995) contained in this press let go or done from time to time by administration of the Company, inclusive those concerning general enlargement and assorted business initiatives, engage risks and uncertainties, and are theme to change formed on assorted critical factors. The subsequent to factors, amid others, in a few cases have affected and in the future could start the Company’s financial opening and real results and could result in real results to deviate materially from those expressed or pragmatic in any such forward-looking statements: the delay of the mercantile liberation of the sell attention in general and on attire purchases in particular, the skill to successfully succeed the assorted business initiatives, the success of the general business and its expansion, the skill to successfully succeed and keep the leased subdepartment and protected interaction and marketing partnerships, future sales trends in the existing store base, out of the ordinary continue patterns, changes in consumer preferences, tender element cost increases, on the whole mercantile conditions and other factors inspiring consumer confidence, demographics and other macroeconomic factors that might effect the turn of spending for maternity apparel, responsibility extra savings initiatives, the skill to expect and reply to conform trends and consumer preferences, expected fluctuations in the working results, the effect of contest and fluctuations in the price, accessibility and high quality of tender materials and engaged products, accessibility of fitting store locations, one after another accessibility of funds and financing, the skill to sinecure and rise comparison administration and sales associates, the skill to rise and source merchandise, the skill to take prolongation from unfamiliar sources on a timely basis, future batch repurchases, future debt prepayments, the delay of the periodic quarterly money dividend, the trade liquidity of the familiar stock, changes in marketplace fascination rates, fight or acts of terrorism and other factors set onward in the Company’s periodic filings with the Securities and Exchange Commission, or in materials incorporated therein by reference.
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