Carter's to close 150 stores and cut 300 jobs

Carter's is closing 150 children's clothing stores and cutting 300 jobs over the next three years.

The plans were announced in the company's fiscal third-quarter report. On an October call, company officials said about 100 of the stores would close by 2026 and new openings of U.S. locations would be paused. Advertisement

A list of the stores that will close was not included in the report.

On the third-quarter report and during the company's call, tariffs were listed as one of the reasons for lower margins and higher costs.

According to the company's website, Carter's, which also owns the OshKosh B'gosh brand, has more than 1,000 stores in the U.S., Canada and Mexico.

The company's brands are also sold in department stores and other national retailers including Walmart, Target and Am