Carter's furloughed all store employees as temporary closures were extended [MarketWatch]
Carter's, Inc. (CRI)
Last carter's, inc. earnings: 2/24 06:16 am
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Source: MarketWatch
Carter's Inc. said Monday it furloughed all store employees on April 3, as it has extended the closure of its stores until further notice. The babies and young children apparel retailer said employee benefits will continue during the furlough period, and pay will resume once the stores reopen. In response to lower sales as a result of the COVID-19 pandemic, the company said it cancelled and significantly reduced inventory commitments; extended payment terms with suppliers, vendors and landlords; cut planned capital expenditures; reduced salaries; and suspended merit increases and 401(k) matches. The stock has shed 40.0% year to date, while the SPDR S&P Retail ETF has dropped 40.1% and the S&P 500 has declined 23.0%.
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- Carter's, Inc. (NYSE:CRI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Carter's (CRI) Q1 Earnings Improve Y/Y, Sales Decline 4.9% [Yahoo! Finance]Yahoo! Finance
- Carter's, Inc. Reports First Quarter Fiscal 2024 Results [Yahoo! Finance]Yahoo! Finance
- Carter’s, Inc. Reports First Quarter Fiscal 2024 ResultsBusiness Wire
- Here's How Carter's (CRI) is Placed Ahead of Q1 Earnings [Yahoo! Finance]Yahoo! Finance
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