By Nicholas G. Miller
Carter's suspended its full-year guidance and said it would reduce its office workforce by 15%, cutting 300 positions.
The baby apparel company said it expected the move to create $35 million in annual savings beginning next year.
The company also said it would close 150 stores in North America after their leases expire over the next three years, up from its previous target of 100 stores.
Carter's also said it expects to incur a pre-tax earnings impact from additional tariffs imposed by the Trump administration of $200 million to $250 million a year.
Write to Nicholas G. Miller at nicholas.miller@wsj.com.
(END) Dow Jones Newswires
October 27, 2025 06:25 ET (10:25 GMT)
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