Children’s clothing retailer Carter’s to close at least 200 stores
Children’s clothing retailer Carter’s said in its latest earnings call that’s it is planning to close at least 200 stores, including its OshKosh B’gosh locations, as leases expire over the next couple of years.
The closures will account for about 25% of Carter’s store portfolio. The focus will be older, lower-profit stores in declining shopping centers, Carter’s said.
About 80% of the stores will close by the end of 2022.
There are currently 10 Carter’s and six OshKosh B’gosh stores in New Jersey, according to the company’s website. A store closing list was not provided, so it’s unknown if any locations in the Garden State will be affected.
A Carter’s spokesperson didn’t immediately respond to a request for comment.
Carter’s, which was founded in 1865, operates 850 stores throughout the U.S., Canada and Mexico.
Like many retailers, the company has ramped up its e-commerce sales this year as shopping trends have shifted online. Right now, you can find puffer jackets starting at $20 and receive 50% off if you purchase three pairs of shoes at both Carter’s and OshKosh B’gosh.
You can also find its co-brands Simple Joys on Amazon and Child of Mine at Walmart.
Gap, Walmart, GameStop, Brooks Brothers, New York & Company, Nordstrom and Sur La Table are among the many retail companies that also have recently announced store closures.
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