• Carter's posts strong sales and earnings growth in Q2

    1 month ago - By Fashion United

    Image: Carter's, Facebook
    Carter's, Inc. reported net sales increase of 231.5 million dollars or 45 percent to 746.4 million dollars, reflecting strong growth in all business segments. The company's U.S. retail, U.S. wholesale and International segments grew 34 percent, 53 percent and 93 percent, respectively.
    The company said in a release that the second quarter results were adversely affected by store closures in North America, particularly in the months of April and May, and reduced wholesale customer shipments as a result of the Covid-19 pandemic. Favourable changes in foreign currency...
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