The Brief

Carter's, a children’s clothing retailer known for carrying its popular OshKosh B’gosh brand, will be closing 150 stores and cutting 300 jobs over the next three years.

Carter’s announced the plans in a call and a fiscal third quarter report released on Monday.

Carter’s closing 150 stores

By the numbers:

According to the report, Carter’s plans to close 150 low-margin stores in North America. The company also said it will suspend new U.S. openings of its current store model.

USA Today reported that roughly 100 of those stores will be shuttered by 2026.

In addition, the clothing retailer will eliminate 20-30% of its product choices in order to create a "more unified, global Carter’s product assortment."

Carter’s cutting 300 jobs

Dig deeper:

Carter’s also announced pl

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