Business & Tech
Major Clothing Retailer In Rhode Island Closing 150 U.S. Stores
The closings are among 1,400 stores expected to close in 2026.
A popular mall retailer with a store in Rhode Island is closing 150 locations nationwide this year in a bid to stay afloat after being battered by tariffs.
The children’s clothier Carter’s has not disclosed what stores will be shuttered but said in a press release that stores would close as their leases expired as part of its turn-around push.
Find out what's happening in Across Rhode Islandfor free with the latest updates from Patch.
Atlanta-based Carter’s, which also operates the OshKosh and B’Gosh labels, has one stores in Rhode Island. It is in Providence.
Douglas C. Palladini, the former CEO of Carter’s, said last fall after the release of the company’s third-quarter 2025 earnings report that the company had made “meaningful progress in stabilizing our business. But, he added, “elevated product costs, in part due to the impact of higher tariffs, as well as additional investment, weighed meaningfully on our profitability.”
Find out what's happening in Across Rhode Islandfor free with the latest updates from Patch.
See also: Rhode Island State Rep's Bill Would Cap Grocery Self-Checkout Stations
Carter’s previously planned to close 100 stores over the 2025 and 2026, but increased its target to 150 that collectively represent about $110 million in annual sales.
See also: Popular Retailer Plans RI Comeback After Closing All Stores
On top of the store closures, Carter’s also laid off about 300 employees to absorb losses, Retail Dive reported.
The Carter’s closings are among 1,400 stores expected to close in 2026, including other clothing stores such as Macy’s, Francesca’s and Eddie Bauer. The convenience store chain 7-Eleven is closing about 645 stores in North America.
See also: Iconic Mall Retailer Quietly Closing Dozens Of Stores: See RI Locations
Grocery Outlet and Kroger are also reducing their store footprints as grocery stores nationwide face pressure from rising food prices and labor costs, as well as evolving consumer preferences to online markets.
See also: 7-Eleven Plans Mass Closures: Here’s What It Could Mean For RI Stores
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Read More
- 1,400 Stores Expected To Shutter In 2026
- Major Convenience Chain Closing Hundreds Of Stores
- Grocery Store Closures Are Driven By These Pressures
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