CRI - Carter's Commands Children's Clothing Market

2024-05-13 10:47:31 ET

Summary

• Carter's Inc. is a leading retailer and wholesaler in the young child and baby clothing market, with a 10% market share.
• The company has strong partnerships with major retailers like Walmart, Amazon, and Target, and its retail segment is showing signs of recovery.
• The young child and baby clothing market is expected to grow at a CAGR of 4-4.5% through 2028, outpacing the growth rates of adult apparel.

Investment Thesis

Carter's Inc. ( CRI ) is a leading retailer and wholesaler in the young child and baby clothing market. With a significant 10% market share and many competitors being private labels, CRI excels in a market expected to grow at 4-4.5% CAGR through 2028, outpacing the growth rates of adult apparel.

CRI's partnerships with major retailers like Walmart, Amazon, and Target have yielded strong results even amidst the economic downturn. Additionally, CRI's retail segment is showing signs of recovery, with improving sales conversions and per-customer unit growth despite an overall decrease in customer volume....

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