Carter’s Plans to Lay Off 15% of Staff as a Crutch Against Impact of Tariffs

Executives at children’s clothing retailer Carter’s said this week that tariffs are causing its business significant turmoil—and expect such issues to continue into 2026. The retailer reported its earnings on Monday, seeing a significant downturn in net income as compared with Q3 2024. Net income for the quarter declined about 80 percent year on year to $11.6 million; in 2024, that figure stood at $58.3 million. More from Sourcing Journal Carter’s said that, as part of its transformation, led by recently ...