Carter's to Close 150 Stores Over Three Years Amid Low Performance
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 07 2026
0mins
Source: Yahoo Finance
- Store Closure Plan: Carter's has announced plans to close 150 underperforming stores over the next three years, with approximately 100 closures expected by 2026, aiming to improve financial health by reducing low-margin locations.
- Reasons for Closures: The company cited rising tariffs, particularly the 10% tariffs imposed by the Trump administration on imports, as a primary factor affecting sales performance and increasing costs for American consumers.
- Other Retail Dynamics: Kroger plans to close 60 locations over the next 18 months, which is expected to yield a modest financial benefit, while Walgreens is set to close about 1,200 stores over three years, reflecting broader pressures in the retail sector.
- Market Response: While Carter's and other retailers' closure plans highlight industry challenges, Red Robin has reduced its closure list due to strong financial results in the third quarter, indicating that some businesses are still able to adapt and grow amidst changes.
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Analyst Views on CRI
Wall Street analysts forecast CRI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for CRI is 28.33 USD with a low forecast of 25.00 USD and a high forecast of 34.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
0 Buy
2 Hold
4 Sell
Moderate Sell
Current: 33.610
Low
25.00
Averages
28.33
High
34.00
Current: 33.610
Low
25.00
Averages
28.33
High
34.00
About CRI
Carter's, Inc. is a marketer of young children's apparel in North America. Its segments include U.S. Retail, U.S. Wholesale, and International. The U.S. Retail segment includes sales of products in the United States through its retail stores and eCommerce websites. The U.S. Wholesale segment consists of sales in the United States of products to its wholesale partners. The International segment includes sales of products outside the United States, through its retail stores and e-commerce websites in Canada and Mexico, and sales to its international wholesale customers and licensees. It owns Carter's and OshKosh B'gosh brands. These brands are sold in department stores, national chains, and specialty retailers domestically and internationally. They are also sold through nearly 1,000 Company-operated stores in the United States, Canada, and Mexico and online at www.carters.com, www.oshkosh.com, www.cartersoshkosh.ca, and www.carters.com.mx. It also owns Little Planet and Skip Hop brands.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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