Carter Faces Challenges Amid Tariff Fallout

about 2 months ago

Nathan Hager

"This is Carter, the baby apparel company. Now, while we don't normally mention this stock, it is struggling with the fallout from tariffs. Carter is down nearly 16% in pre-market trade. The company is dependent on imports from high tariff countries like Vietnam, Cambodia, Bangladesh. They have suspended their full year guidance and said it would reduce its workforce by 15%. The company also announced it would close 15% of stores in North America which is up from its previous target of closing 10% as it aims to save costs on the back of tariffs."

Carter is under pressure as it faces significant disruptions due to tariffs affecting its supply chain. The company's guidance has been suspended, and it is planning cost-cutting measures including a 15% reduction in workforce and store closures.

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