Core Insights - A significant percentage of parents are facing financial difficulties, with 59% going into debt to meet their children's needs and 42% carrying credit card debt averaging $14,556 [1][2]. Company Overview - Carter's, a well-known children's clothing retailer, is planning to close 150 stores following disappointing financial results [4][5]. - The company operates over 1,000 retail locations across North America and Mexico and owns several popular brands, including OshKosh B'gosh [4]. Financial Performance - In the third fiscal quarter, Carter's net sales decreased by 0.1% to $757.8 million compared to $758.5 million the previous year [5]. - Net income fell sharply to $11.6 million, down from $58.3 million year-over-year [5]. - Diluted EPS dropped to $0.32 from $1.62 in Q3 2024, while adjusted diluted EPS was $0.74 compared to $1.64 in Q3 2024 [7]. Store Closures and Restructuring - The majority of the store closures will occur in the U.S., with some in Canada and Mexico, and approximately 100 stores are expected to close during fiscal years 2025 and 2026 [6]. - The company is also undergoing a corporate restructuring that will result in 300 office employees losing their jobs [5][6]. - Carter's CEO emphasized the need to refine the physical store fleet [6].