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
Should l Buy CRI?
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: 37.930
Low
25.00
Averages
28.33
High
34.00
Current: 37.930
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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- 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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- Citigroup's Upgrade: Citigroup Group has upgraded Carter's stock from 'Neutral' to 'Buy', indicating a more favorable outlook.
See More
Carter's Reports High Single-Digit Q4 Sales Growth Amid Leadership Changes
- Sales Performance Boost: Carter's reported a high single-digit year-over-year increase in consolidated net sales for Q4, projected to reach $884.4718 million, indicating positive market response during a competitive holiday season.
- Retail Growth Drivers: U.S. retail net sales also rose in the high single digits, primarily driven by strong online demand, showcasing the company's success in its digital transformation efforts.
- International Market Performance: The international segment achieved high single-digit growth, reflecting Carter's expansion potential in global markets, despite a slight decline in U.S. wholesale sales.
- Leadership Changes: Carter's appointed David B. Tichiazas as Chief Brand Officer to oversee product design and merchandising teams, aiming to enhance brand management and drive the company's turnaround strategy.
See More
Carter's Reports High Single-Digit Sales Growth in Q4 2025
- Sales Performance Boost: Carter's preliminary net sales for Q4 2025 increased by a high single-digit percentage, indicating that the company's various initiatives are beginning to yield results during the highly competitive holiday sales period, reflecting strong consumer response to product and marketing efforts.
- Retail Sales Growth: The fourth quarter comparable retail sales grew for the third consecutive quarter, demonstrating success in raising average unit retail prices and reducing promotional activities, which improved profitability and offset the impact of higher tariffs.
- Additional Week Contribution: The fiscal year 2025 included 53 weeks, with the extra week estimated to contribute approximately $33 million in net sales, further driving overall revenue growth and showcasing the company's efforts toward financial stability.
- Management Team Expansion: David B. Tichiaz has joined as Chief Brand Officer, responsible for leading product design and merchandising teams, and with nearly two decades of experience in global lifestyle brands, he is expected to bring new perspectives and innovations to the company's brand development.
See More
Carter's to Close 150 Stores Over Three Years Amid Low Performance
- 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.
See More
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Shoe Carnival Inc (SCVL): Shoe Carnival is a family footwear retailer with a 100% rating based on its fundamentals and valuation, operating approximately 431 stores across the U.S. and Puerto Rico, offering a wide range of branded footwear.
Carter's Inc (CRI): Carter's, a marketer of children's apparel, also received a 100% rating based on its fundamentals and valuation, with operations in the U.S., Canada, and Mexico, selling products through retail stores and e-commerce platforms.
Stride Inc (LRN) and Lennar Corp (LEN): Stride, a mid-cap value stock in the education sector, has an 86% rating, while Lennar, a large-cap homebuilder, has a 71% rating, both evaluated based on their underlying fundamentals and stock valuations.
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