Atlanta-based Carter’s to close 150 stores, lists tariffs among increased costs

Atlanta-based children s clothing company Carters Inc disclosed Monday that the company planned to close stores nationwide The company is known for brands such as OshKosh B Gosh Little Planet and Skip Hop among others The closures will be spread out over roughly three years with the first stores to close over the fiscal year and periods the company mentioned Additionally of staff at the company will be laid off Carter s explained that it will cut jobs in its office-based roles by the end of the year The news came during the company s third quarter earnings call In a release shared along with the investor call the company declared the stores being closed had earned a net revenue of million In the company reported it estimates additional tariffs and other import duties to be between million to million for the year Read more of this story at WSBTV com The post Atlanta-based Carter s to close stores lists tariffs among increased costs appeared first on Rough Draft Atlanta