US apparel retailer Carter's has disclosed plans to shutter 150 stores across North America by 2028 as it grapples with the financial strain of tariffs. The retailer also plans to reduce its office-based workforce by 300 - a 15% cut - by the end of 2025. The adverse effects of the tariffs introduced by President Donald Trump's administration have significantly dented its profitability. Carter's estimates that the annual gross pre-tax impact of the additional import duties could range between $200m and$ ...