Carter's news and archive

Carter's names Douglas Palladini as CEO to drive growth amid retail challenges

Childrenwear retailer Carter's has announced a leadership change amidst a challenging retail landscape. Douglas Palladini is set to take the helm as CEO and president, effective April 3, 2025, signaling a move to bolster the company's direct-to-consumer and global presence. Palladini most recently served as founder and owner of Kickstand, a...

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Children's wear retailer Carter's issues cautious 2025 outlook

While children’s wear retailer Carter’s fourth quarter net sales of 860 million dollars and adjusted diluted EPS of 2.39 dollars beat analysts’ expectations, the company’s 2025 outlook disappointed them. Specifically, the company’s projected earnings per share between 3.20 dollars and 3.80 dollars and 2025 revenue range of 2.78 billion dollars...

People

Carter’s announces retirement of Michael Casey, reaffirms outlook

North American retailer Carter’s has announced the retirement of Michael D. Casey as chairman and chief executive officer after over 15 years in the role and a more than 30-year career with the company. The company said in a release that Richard F. Westenberger has been appointed interim chief executive officer, in addition to his...

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Carter’s posts drop in Q1 sales, profit

US kidswear retailer Carter’s has reported a 10.9 percent drop in Q1 sales as its profits narrowed. The company made net sales of 695.9 million dollars in the first quarter of the year, down from 781.3 million dollars a year earlier. It said the drop was linked to macroeconomic factors, including inflation, which drove consumer demand down. The...

Fashion

Carter’s launches first maternity collection

American children’s apparel retailer, Carter’s, launched its Little Planet Mama Collection, marking its first step into maternity wear. The capsule collection will consist of nursing-friendly, “comfortable” and “versatile” items for expectant, as well as new moms and features practical details such as pockets, snaps and front buttons. The core...

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Carter's sales and profit decline in Q4

Carter’s, Inc. fourth quarter consolidated net sales decreased 150 million dollars or 14.1 percent to 912.1 million dollars. The decline was driven by declines in the company’s U.S. retail, U.S. wholesale and international segments of 12.7 percent, 17.8 percent, and 12 percent, respectively. “We saw stronger than expected demand for our brands...

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Carter’s projects persistent inflationary pressures to impact holiday sales

Carter’s, Inc. net sales decreased 72 million dollars or 8.1 percent to 818.6 million dollars, driven by declines in the company’s U.S. retail, international and U.S. wholesale sales of 12.3 percent, 6.7 percent and 1.9 percent, respectively. Commenting on the third quarter results, Michael D. Casey, chairman and CEO said: “Historic and...

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Carter’s Q2 sales and earnings decline

Carter’s, Inc. net sales decreased 45.7 million dollars or 6.1 percent to 700.7 million dollars, driven by declines in the company’s U.S. retail and U.S. wholesale sales, partially offset by growth in its international sales. The company’s U.S. retail and U.S. wholesale net sales declined by 11 percent and 3 percent, respectively. International...

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Carters appoints Hilary Duff to the newly created role of chief mom officer

Carter’s, Inc. has announced the appointment of award-winning actress, singer, best-selling author, and mom Hilary Duff as the first-ever chief mom officer for the Carter’s brand. As part of a long-term partnership, Duff will work directly with Carter’s as a parent consultant and creative director, designing two limited-time-only collections and...

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Carter’s Q1 sales decline 0.8 percent

Carter’s first quarter net sales decreased by 0.8 percent, or by 6.1 million dollars, to 781.3 million dollars, reflecting growth in the company’s US wholesale and international segments, offset by lower sales in its US retail segment. The company’s US wholesale and international net sales grew by 8 percent and 11 percent, respectively....

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Carter’s full year net sales and profit grow, reveals positive outlook

For the fourth quarter, Carter’s, Inc. consolidated net sales increased 72.2 million dollars or 7.3 percent to 1,062.1 million dollars. On a comparable week basis, net sales grew 10.9 percent. The company said in a release that additional week in the fourth quarter of fiscal 2020 contributed approximately 32.1 million dollars in consolidated net...

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Carter’s Q3 net sales increase, raises full year profit forecast

Carter’s, Inc. net sales increased 25.5 million dollars or 2.9 percent to 890.6 million dollars, driven by growth in the company’s international and U.S. retail business segments. International and U.S. retail segment sales grew 15 percent and 4 percent, respectively, while U.S. wholesale sales declined 3 percent. U.S. retail comparable sales...