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.

FILE: Children's clothing displayed at store. (Credit: Fabian Sommer/picture alliance via Getty Images)

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 Car

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