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Destination Maternity Cuts Jobs as Sales Slump, Profits Fall

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Destination Maternity Corp. has initiated job cuts the retailer said should generate cost savings of $4 million to $4.5 million on a projected annualized basis. The company, which operates the Motherhood, A Pea In The Pod and Destination Maternity retail chains and e-commerce sites, said the reduction is part of its effort to become a…

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