Carter's records drop in Q4 sales and earnings

Carter’s, Inc. fourth quarter consolidated net sales decreased 110.6 million dollars or 10.1 percent to 989.9 million dollars, while full year consolidated net sales decreased 495 million dollars or 14.1 percent to 3 billion dollars. The company said, sales declined in all segments principally due to disruptions related to the Covid-19 pandemic. U.S. Retail segment comparable sales declined 9 percent, reflecting a decline in store sales, partially offset by ecommerce growth of 16 percent. Full year, comparable ecommerce sales in the U.S. and Canada increased 30 percent and 71 percent, respectively.