Carter's, the well-known children's clothing retailer behind brands like OshKosh B'gosh and Skip Hop, announced plans to close 150 stores and lay off about 300 employees over the next three years as part of a major cost-cutting effort.
The Atlanta-based company revealed the changes during its fiscal third-quarter earnings report on October 27, saying most of the closures will affect "low-margin" locations and coincide with expiring leases. About 100 of those stores are expected to shut down by 2026.
