Carter’s(CRI) - 2022 Q4 - Annual Report

Inventory Management - For fiscal year 2022, the company's inventories increased by $96.8 million, or 14.9%, to $744.6 million, primarily due to longer holding periods and planned earlier inventory ownership [65]. - "Pack and hold" inventory increased by $70.1 million, or 240.6%, to $99.2 million, reflecting the company's strategy to manage excess inventory [65]. - The company has taken actions to align inventory with planned demand, including canceling and reducing inventory purchases [65]. Retail Operations - The company operates 993 company-owned retail stores and approximately 19,350 wholesale locations, along with eCommerce websites in North America [63]. - The company has exclusive brands available at major retailers, including Child of Mine at Walmart and Just One You at Target [62]. Market Position - The approximate aggregate market value of the voting stock held by non-affiliates was $2.68 billion as of July 2, 2022 [71]. - The company is the largest branded marketer of young children's apparel in North America, owning brands such as Carter's and OshKosh B'gosh [66]. - The company's market share data is based on the NPD Group's Consumer Panel Track for the twelve-month period ended December 2022 [77]. Fiscal Year Information - Fiscal 2022 contained 52 weeks, consistent with fiscal 2021, which also contained 52 weeks [78]. - The company's gross profit and gross margin may not be comparable to other entities due to different metric definitions [64].