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Carter's

#5082

Rank

$1.23B

Marketcap

US United States

Country

Carter's
Leadership team

Mr. Brian J. Lynch (Pres & COO)

Mr. Michael D. Casey (Chairman & CEO)

Mr. Richard F. Westenberger (Exec. VP & CFO)

Products/ Services
Retail
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
1865
Company Registration
SEC CIK number: 0001060822
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
CRI
Social Media
Overview
Location
Summary
Carter's, Inc., together with its subsidiaries, designs, sources, and markets branded childrenswear under the Carter's, OshKosh, Skip Hop, Child of Mine, Just One You, Simple Joys, Carter's My First Love, little planet, and other brands in the United States and internationally. The company operates through three segments: U.S. Retail, U.S. Wholesale, and International. Its Carter's products include babies and young children products, such as bodysuits, pants, dresses, knit sets, blankets, layette essentials, bibs, booties, sleep and play products, rompers, and jumpers; and OshKosh brand products comprise playclothes, such as denim apparel products with multiple wash treatments and coordinating garments, overalls, woven bottoms, knit tops, and bodysuits. The company also provides products for playtime, travel, mealtime, bathtime, and homegear, as well as kid's bags and diaper bags under the Skip Hop brand. In addition, it offers bedding, cribs, diaper bags, footwear, gift sets, hair accessories, jewelry, outerwear, paper goods, socks, shoes, swimwear, and toys. The company operates 18,800 wholesale locations, including department stores, national chain stores, and specialty stores. As of December 31, 2021, it operated 980 retail stores. The company also sells its products through its eCommerce websites, such as carters.com, oshkoshbgosh.com, oshkosh.com, and skiphop.com, as well as other international wholesale accounts and licensees. Carter's, Inc. was founded in 1865 and is headquartered in Atlanta, Georgia.
History

William Carter was the founder of William Carter Company in 1865 in Needham, Massachusetts. William Carter was born in Alfreton, Derbyshire, England. He arrived in America on January 28, 1857. He married Martha Lee . They had four children: William Henry Carter , who served two terms in the U.S. House of Representatives prior to being elected president of the William Carter Company in 1918; Mary Elizabeth Carter ; John J. Carter ; and Horace A. Carter . By the early 1960s, the William Carter Company manufactured at seven mills in Massachusetts and the South.

The Carter family sold the business in 1990.In the early 2000s, Carter's reached an agreement with Target Corporation to create the "Just One You" spin-off clothing line, to be sold exclusively in Target stores. Carter's later created exclusive lines for retailers Walmart and Amazon. All of the brands sell similar articles of clothing, such as bodysuits, pajamas, and dresses, but each has its own design team and pricing policies specific to the retailer.Carter's acquired competitor OshKosh B'gosh for $312 million in 2005.In 2012, Carter's, Inc. announced that Braselton, Georgia would receive their 1-million-square-foot, $50 million distribution center that will support their e-commerce, retail, and wholesale businesses. The company hoped to create 1,000 jobs at the facility by 2015.

In February 2017, Carter's, Inc. acquired Skip Hop Inc., an infant and child product company based in New York, for $140 million in cash and up to $10 million in future payments contingent on reaching certain financial goals in 2017. Fireman Capital Partners, a private equity firm, had previously acquired a majority equity stake in Skip Hop Inc. for $50 million in November 2013.In addition to selling its apparel through third-party retailers, Carter's operated 1,060 branded stores and outlets as of 2019, with plans to open up to another 100 stores in "mid-tier" shopping malls in the following years. A market research firm found that "Ninety percent of millennial parents — and 80 percent of baby boomer grandparents — have shopped at Carter’s in the past year."

Mission
We believe that childhood is a celebration, and the colorful prints and cute characters we design are inspired by the joy and love children bring into our lives. We celebrate childhood by supporting babies, children, and families with thoughtful designs, quality materials and construction, and convenient shopping options. You can count on carter’s to take care of the little details so that you are free to focus on what really matters: celebrating your little one – and the hugs, cuddles, giggles, and babbles that light up our lives.
Vision
At Carter's, we embrace creative leadership, innovative teamwork and a winning spirit to be the best for the benefit of our customers, our consumers, our employees and our shareholders.
Key Team

Ms. Kendra D. Krugman (Exec. VP of Merchandising & Design)

Mr. Benjamin L. Pivar (Sr. VP & Chief Information Officer)

Mr. Patrick Q. Moore (Exec. VP of North America Retail)

Mr. Scott F. Duggan (Sr. VP of Legal & Corp. Affairs, Gen. Counsel and Sec.)

Lindsay Rider (Sr. Director of Public Affairs)

Ms. Julie A. D'Emilio (Exec. VP of Global Sales)

Mr. Jeffrey M. Jenkins (Exec. VP of Global Marketing)

Recognition and Awards
Carter's has won numerous awards and accolades, including the Women In Retail Leadership Circle Award and the CMO Council Digital Impact and Innovation Award.
References

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Carter's
Leadership team

Mr. Brian J. Lynch (Pres & COO)

Mr. Michael D. Casey (Chairman & CEO)

Mr. Richard F. Westenberger (Exec. VP & CFO)

Products/ Services
Retail
Number of Employees
1,000 - 20,000
Headquarters
Atlanta, Georgia, United States
Established
1865
Company Registration
SEC CIK number: 0001060822
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
CRI
Social Media