Carter's

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Carter's, Inc.

Type Public
Traded as NYSE: CRI
S&P 400 component
Founded 1865; 154 years ago (as
William Carter Company)
Needham, Massachusetts,
U.S.
Founder William Carter
Headquarter Atlanta, Georgia, U.S.
s
Number of 1050 (December 31, 2017)[1]
locations
Products Clothing
Revenue $3.4 Billion
Number of 20,900[2] (2017)
employees
Subsidiaries OshKosh B'gosh
Skip•Hop Inc.
Website carters.com
 A Carter's shop in Meyerland Plaza, Houston
Carter's, Inc. is a major American designer and marketer of children's
apparel. It was founded in 1865 by William Carter.
Carter's sells its products through its own Carter's and OshKosh B'gosh
retail stores, its website, and in other retail outlets such as department
stores. As of 2019, it was reported that Carter's accounted for around
one-quarter of all sales both for the children's sleepwear market, and for
clothes for the newborn to two-year-old age group.[3]
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External linksHistory[edit]
William Carter was the founder of William Carter Company in 1865 in
Needham, Massachusetts. William Carter (1830–1918) was born in
Alfreton, Derbyshire, England. He arrived in America on January 28,
1857. He married Martha Lee (1842-1873). They had four children:
William Henry Carter (1864–1955), who served two terms in the U.S.
House of Representatives (1915-1919) prior to being elected president
of the William Carter Company in 1918; Mary Elizabeth Carter
(1865-1961); John J. Carter (1867-1939); and Horace A. Carter
(1869-1959). 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.[4]
In the early 2000s, Carter's reached an agreement with Target
Corporation to create the "Just One You" spinoff clothing line, to be sold
exclusively in Target stores.[3] 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.[3]
Carter's acquired competitor OshKosh B'gosh for $312 million in 2005.[5]
In 2012, Carter's, Inc. announced that Braselton, Georgia would receive
their one-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.[6] Fireman Capital Partners, a private equity firm,
had previously acquired a majority equity stake in Skip Hop Inc. for $50
million in November 2013.[7]
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.[3] 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."[3]
Brands[edit]
Carter's, Inc. markets clothing and other children's products under
several brand names. Other than its namesake Carter's brand, OshKosh
B'gosh, and Skip Hop, these labels are exclusive to specific retailers and
include, as of 2018:[8]
• Exclusive to Target Corporation stores:
◦ Just One You
◦ Precious Firsts
◦ Genuine Kids
• Exclusive to Walmart:
◦ Child of Mine
• Exclusive to Amazon:
◦ Simple Joys
The logo for each exclusive brand notes that it is "made by Carter's,"
with the exception of Genuine Kids, which carries the label "from
OshKosh." Genuine Kids has been sold since 2003, before OshKosh
was acquired by Carters, Inc.[8]
Headquarters[edit]
In October 2012 the Atlanta Business Chronicle reported that Carter's
Inc. was likely to lease in the Phipps Tower in Buckhead for its
headquarters.[9] In December 2012 Carter's Inc. announced that it was
moving its headquarters from Midtown Atlanta. The lease of 222,730
square feet (20,692 m2) of space is one of the largest headquarters
leases to have occurred to date in the Buckhead area of Atlanta. The
estimated value of the lease, except for concessions and escalation,
was $70 million. The lease in Midtown was scheduled to be terminated
on December 31, 2013.[10]
The company consolidated its out of state jobs into the new facility, with
200 additional jobs going to Buckhead. Manulife Financial Corp owns
both the Proscenium and the Phipps Tower so Carter's terminated its
lease early in one building and moved to the other.[11]
The company now has its headquarters in Suite 1800 at Phipps Tower,
[12]
in Buckhead, Atlanta.
See also[edit]
Companies portal

Fashion portal

• List of S&P 400 companies

References[edit]
1 ^ https://www.sec.gov/Archives/edgar/data/
1060822/000106082218000006/a10k-
crix20171230.htm#sFE321B8F7B745387973EE18F865DCEE1
2 ^ "Carter's". Fortune. Retrieved 2019-02-15.
3 ^ Jump up to:
a b c d e Bhattarai, Abha (2019-07-26). "Billion-dollar baby: How Carter's

became a staple of just about every child's wardrobe". The Washington

Post. Retrieved 2019-07-26.
4 ^ "The William Carter Company". needhamhistory.org.
5 ^ "Company News; Carter's to Acquire OshKosh B'Gosh". The New York
Times. 2005-05-11. ISSN 0362-4331. Retrieved 2017-02-24.
6 ^ "Carter's Inc. buys Skip Hop, posts $258.1 million profit for 2016".
Atlanta Business Chronicle. 2017-02-23. Retrieved 2017-02-24.
7 ^ "Fireman Capital Partners sells Skip Hop Inc. to Carter's". The Boston
Globe. 2017-02-24. Retrieved 2017-02-24.
8 ^ Jump up to:
a b "Carters Inc. | Our Brands". corporate.carters.com. Retrieved

2018-10-16.
9 ^ Sams, Douglas. "Carter's HQ likely moving to Buckhead." Atlanta
Business Chronicle. October 12, 2012. Updated October 22, 2012.
Retrieved on May 23, 2013.
10 ^ Sams, Douglas. "Carter's moving HQ to Phipps Tower." Atlanta
Business Chronicle. December 14, 2012. Updated on December 17,
2013. Retrieved on May 23, 2013.
11 ^ "Carter’s moves to Buckhead." (Archive) Atlanta Business Chronicle. p.
2-3.
12 ^ "2014 Annual Report." Carter's, Inc. "Phipps Tower 3438 Peachtree
Road NE, Suite 1800 Atlanta, Georgia 30326 (Address of principal
executive offices, including zip code)"
External links[edit]
• Official site
• The William Carter Company | Needham Historical Society
<img src="//en.wikipedia.org/wiki/Special:CentralAutoLogin/start?type=1x1"
alt="" title="" width="1" height="1" style="border: none; position: absolute;" />
Categories: Children's clothing brandsCompanies listed on the
New York Stock ExchangeManufacturing companies based in
Atlanta

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This page was last edited on 26 July 2019, at 17:51 (UTC).
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