Carter’s to lay off 300, close more stores as tariffs decimate profits

This story was originally published on Retail Dive. To receive daily news and insights, subscribe to our free daily Retail Dive newsletter. Dive Brief: Carter’s, which runs its namesake and OshKosh B’gosh brands, will lay off about 300 corporate employees, or 15% of that workforce, by the end of the year, the company said Monday. This is expected to garner annualized savings of about $35 million, starting next year. The children’s apparel retailer also plans to close about 150 North American stores ov ...