It's challenging times for a certain baby clothing brand. Carter's has revealed plans to shutter 150 stores across North America by 2028 while dealing with the financial strain of tariffs. There's also plans to reduce its office-based workforce by 300 " a 15% cut " by the end of this year. This is all due to the tariffs introduced by President Donald Trump's administration. "Our third quarter performance reflected continued improvement in US retail business demand as we achieved positive comparable sales and improved pricing for the second consecutive quarter," Carter's CEO and president Douglas Palladini said to Retail Insight Network. "However, elevated product costs, in part due to the impact of higher tariffs, as well as additional investment, weighed meaningfully on our profitability.