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Carter’s to Source 15% of Product in China This Year, Virus Hits Production

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Stock in Carter’s Inc. plunged 12 percent after the children’s apparel retailer spooked investors Monday with reports of production delays stemming from the deadly coronoavirus outbreak casting global supply chains into disarray. In a Nutshell: Carter’s plans to source “approximately 15 percent” of its products from China this year, noting that suppliers in Asia still source a…

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