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Carter’s appoints Sharon Price John as chief executive officer

US childrenswear group Carter’s has named Sharon Price John as its new chief executive officer and president, effective June 15, 2026. John will also join the board of directors on this date, succeeding Douglas C. Palladini who has departed the company and the board effective immediately. Richard F. Westenberger, who currently serves as the...

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Business

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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