Children's clothing retailer Carter's closing 150 stores, cutting 300 jobs

Carter's, the children's clothing giant, announces plans to close 150 stores and lay off 300 workers over three years due to higher tariffs. The company will cut back product offerings by 20-30% and reduce office staff by 15%. These changes aim to make the company more efficient and save $35 million annually. However, uncertainty around tariffs has led Carter's to withhold sales and earnings predictions for 2025.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.