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Carter’s Posts Q1 Sales Surprise as Profits Swing Back to Black

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

The federal government’s $1.9 trillion Covid-19 relief package gave Carter’s a significant first-quarter boost, powering a 20 percent sales spike. In a Nutshell: While first quarter fiscal 2020 sales were adversely impacted by the start of the pandemic, which saw state and local governments mandate temporary store closures to curb the rise in infection rates,…

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