Like so many other retailers before them, baby/toddler clothing store Carter’s is closing stores after having a rough year financially.
Although they’ve had success growing online sales — both from their website and from partnerships with Walmart, Target, Costco, Amazon, Kohl’s, and Macy’s — company leadership told investors that they’re going to close a bunch of stores to improve their finances.
According to Retail Dive, this is going to start happening over the next few months.
Here’s what you need to know:
Carter’s says 25% of their 750 stores will close.
That’s about 187 stores, which the Carter’s CEO says are “older, lower margin stores in declining centers.”
A bunch of Carter’s store leases — at malls and shopping centers — are about to expire, and Carter’s is taking the opportunity to bow out once they do.
More than 100 of those stores will close next year.
Carter’s hasn’t announced which stores will close, and in what order, but they said that 60% of the stores identified for closure will shutter by the end of 2021. That’s just over 100 stores.
By the time 2022 ends, there will only be about 600 Carter’s stores left.
Carter’s says they believe they’ll be 80% done with the closures at the end of 2022. Although the company is also planning to open some stores, too.
Liquidation sales will happen; be ready.
With so many stores closing, look for Carter’s to hold liquidation sales at the affected locations.
But don’t buy everything right away; the best time to shop is about halfway through a liquidation sale.
Learn all of our best tips for successfully shopping a liquidation sale.
You won’t have trouble getting Carter’s clothes (at a good price) with KCL.
We’re constantly watching all the stores that sell Carter’s and collect them on our Carter’s deals page on The Krazy Coupon Lady. Bookmark that page, and check back often to get like 70% off retail price!