Back to today’s briefing

Story perspectives

Carter's to Close 150 Stores Amid Profit Plunge

10/29/2025

32 4

Summary

Story summary

Carter's plans to close 150 North American stores over the next three years, up from 100.
The 80% profit drop in Q3 2025 stems from tariffs in U.S. President Donald Trump’s administration, costing $200–$250 million annually.
Carter's will lay off about 300 corporate employees, saving $35 million a year.
The closures reflect a broader trend of retail downsizing amid rising online competition.

1 of 1

Story summary

Carter's plans to close 150 North American stores over the next three years, up from 100.
The 80% profit drop in Q3 2025 stems from tariffs in U.S. President Donald Trump’s administration, costing $200–$250 million annually.
Carter's will lay off about 300 corporate employees, saving $35 million a year.
The closures reflect a broader trend of retail downsizing amid rising online competition.