Children’s clothing retailer Carter’s to close at least 200 stores
Children’s clothing retailer Carter said in his last call for earnings is that he plans to close at least 200 stores, including his OshKosh B’gosh locations, as leases expire within the next two years.
The closures will represent approximately 25% of the Carter store portfolio. The focus will be on older, lower-profit stores in declining malls, Carter’s said.
About 80% of stores will close by the end of 2022.
There are currently 10 Carter’s stores and six OshKosh B’gosh stores. in New Jersey, according to the company’s website. A store closure list has not been provided, so it is not known if any locations in the Garden State will be affected.
A spokesperson for Carter did not immediately respond to a request for comment.
Carter’s, which was founded in 1865, operates 850 stores in the United States, Canada and Mexico.
Like many retailers, the company has increased its e-commerce sales this year as shopping trends have changed online. At this moment you can find down jackets from $ 20 and receive 50% off if you buy three pairs of shoes at Carter’s and OshKosh B’gosh.
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