Carter’s to Close 150 Stores, Impacting Hundreds of Jobs

BREAKING: Carter’s, a leading kids’ clothing brand, has just announced it will close 150 stores across the United States, significantly impacting hundreds of employees. This urgent update comes after the company revealed its plans during a recent earnings call, citing poor performance at numerous locations and escalating tariffs as key factors.

The company is set to shutter around 100 stores by 2026, with no new openings planned in the meantime. Executives stated that tariffs on imported goods have surged, costing them millions this year alone. The financial strain has forced Carter’s to reassess its business model, leading to a reduction in its workforce, with approximately 300 office-based jobs eliminated.

Carter’s aims to achieve annual savings of $35 million through these layoffs. The closures will occur as store leases expire over the next few years. Currently, there are 32 Carter’s and Carter’s Outlet locations in New Jersey, including busy stores in:

– Atlantic City
– Blackwood
– Clark
– Clifton
– Deptford
– East Hanover
– Edgewater
– Elizabeth
– Freehold Raceway Mall
– Jackson Premium Outlets
– Kearny
– Mays Landing
– Paramus
– Raritan
– Rockaway
– Succasunna
– Tinton Falls – Jersey Shore Outlets
– Toms River
– Watchung

As of this moment, specific store closures in New Jersey have not been disclosed. However, parents and shoppers are encouraged to stock up on beloved items like onesies and the iconic OshKosh B’gosh brand while they still can.

The retail landscape is rapidly changing, and Carter’s decision reflects a broader trend affecting brick-and-mortar stores nationwide. As more consumers shift to online shopping, traditional retailers face mounting challenges. The impact of rising tariffs adds another layer of complexity, making it even more difficult for companies like Carter’s to maintain profitability.

WHAT’S NEXT: As Carter’s navigates these turbulent waters, the company plans to rethink its operational strategy and adapt to the evolving retail environment. Stay tuned for further updates as this story develops.

In the meantime, families looking to shop at Carter’s may want to act quickly before their local stores close for good. This major shake-up could change the shopping landscape for parents across the country.