Destination Maternity Hires Great American Group to Help Rationalize Inventory and Product Cycle

Destination Maternity Corporation (NASDAQ: DEST) (the “Company”) announced today that it has retained Great American Group to assist the Company in the strategic rationalization of its overall store inventory and product cycle.

Marla Ryan, the CEO of Destination Maternity commented, “We remain committed to finding efficiencies across our cost structure. To that end, we welcome the opportunity to work with Great American Group to assist us in maximizing inventory efficiency, including reducing lower-performing inventory while investing in higher velocity items across our store base.

“In conjunction with the expected $76 million refinancing facility with Bank of America, we believe the engagement with Great American Group will help to improve our product cycle, rationalize inventory levels and further strengthen our capital base going forward.”

Based in Woodland Hills, CA, Great American Group serves as a leading provider of asset disposition and valuation and appraisal services to a wide range of retail, wholesale and industrial clients.

Forward-Looking Statements

The Company cautions that any forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) contained in this release or made from time to time by management of the Company, including those regarding various business and financing initiatives, involve risks and uncertainties, and are subject to change based on various important factors. The following factors, among others, could cause actual results to differ materially from those expressed or implied in any of the forward-looking statements in this press release: the strength or weakness of the retail industry in general and of apparel purchases in particular; our ability to successfully manage our various business initiatives; our ability to enter into definitive documentation for the refinancing facility with Bank of America in the timeframe expected or at all; our ability to successfully manage our real estate relationships; overall economic conditions and other factors affecting consumer confidence, demographics and other macroeconomic factors that may impact the level of spending for apparel (such as fluctuations in pregnancy rates and birth rates), availability of suitable store locations, our ability to develop and source merchandise and other factors set forth in the Company’s periodic filings with the Securities and Exchange Commission. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct and persons reading this release are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this release. The Company assumes no obligation to update or revise the information contained in this release (whether as a result of new information, future events or otherwise), except as required by applicable law.