Yet another large American retailer - and iconic children's clothing company - is suffering huge losses due to Donald Trump's horrific economic policies. This time it is Carter's, the company behind OshKosh, Otter Avenue, Skip Hop and Carter's. They are closing 150 stores and conducting large scale mass layoffs of staff - and they are blaming Donald Trump's policies in part.

Initially, they planned to close 100 stores, but that number rose to 150 recently. They said that tariffs were "largely to blame" for it's financial downfall, which is forcing them to take dramatic cost-cutting steps to save the company.

Profits fell last quarters to $11.6 million. That is 80 percent LESS than the same quarter in 2024. Shocking.

Carters expects the tariffs to cost between $200 million and $250 milli

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