The children’s and toddler’s apparel clothing store Carter’s is closing over 100 stores and intends on laying off 300 positions.

The plan was described in a recent company report , which detailed a steep drop in earnings during the third quarter.

One of the concerns mentioned in Carter’s report was its diluted earning per share which fell to $0.32, a sharp decrease from $1.62 in the third quarter of 2024.

The operating margin also plummeted from 10.2% to 3.8%, a decline the company attributed to higher tariffs and various investments.

“While we are steadying our business in 2025, there’s still meaningful work to do for Carter’s to unlock its full potential in terms of exceeding both consumer and shareholder expectations‚” Carter’s CEO Douglas Palladini said in a statement. “Our team

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