Allowed Carter’s to focus on its ongoing strategy by managing inventory disposition and lease mitigation across over 20 locations following its acquisition of OshKosh B’Gosh.
By The Numbers
Carter’s is a major American manufacturer and retailer of children’s clothing and accessories. After acquiring competitor OshKosh B’Gosh, Carter’s main focus became integrating the two brands. As a result, Carter’s needed to dispose of inventory and real estate assets that no longer held strategic value. The company engaged us to manage the operational and financial aspects of the store closures it had identified. We handled all central services such as shipping and processing of goods, insurance, systems and human resources.
Through our integrated offerings, we were able to monetize over $30 million of retail inventory as well as mitigate Carter’s remaining lease obligations. This support allowed the company to focus on its ongoing strategy and look to the future growth of the integrated brands.