Business & Tech

National Retailer With 20 VA Locations Closing 150 Stores

In addition to closing more than 100 stores nationwide, the company is eliminating hundreds of jobs.

A national retailer with nearly two dozen locations in Virginia has announced it will be shuttering 150 of its stores nationwide.

Carter's, North America's largest apparel company exclusively for babies and young children, made the announcement on Monday. In a statement, CEO Douglas Palladini said that elevated product costs, in part due to the impact of higher tariffs, have cut into the company's profitability.

"We are pursuing several initiatives, including closing low-margin retail stores, right-sizing our organization and honing product choices, which we believe will generate significant savings, improve overall cost structure and provide investment capacity as we establish the foundation to return to consistent, profitable growth going forward," Palladini said.

Find out what's happening in Falls Churchfor free with the latest updates from Patch.

In addition to the store closures, Carter's will reduce its office workforce by about 15 percent by cutting roughly 300 positions.

Carter's did not identify which stores would be shuttered, but said the closings would occur gradually over the next three years as leases expire.

Find out what's happening in Falls Churchfor free with the latest updates from Patch.

Get more local news delivered straight to your inbox. Sign up for free Patch newsletters and alerts.

Support These Local Businesses

+ List My Business