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THE COMPANY
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6 Months Ended |
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Jul. 02, 2011
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| Company [Abstract] | |
| THE COMPANY | NOTE 1 - THE COMPANY: Carter's, Inc. and its wholly owned subsidiaries (collectively, the "Company," "we," "us," "its," and "our") design, source, and market branded childrenswear under the Carter's, Child of Mine, Just One You, Precious Firsts, OshKosh, and other brands. Our products are sourced through contractual arrangements with manufacturers worldwide for wholesale distribution to major domestic retailers, including the mass channel, and for our 328 Carter's, 177 OshKosh, 37 Bonnie Togs, and 22 co-branded Carter's and OshKosh retail stores that market our brand name merchandise and other licensed products manufactured by other companies. On June 30, 2011, Northstar Canadian Operations Corp. ("Northstar"), a newly formed Canadian corporation and a wholly owned subsidiary of The William Carter Company (a wholly owned subsidiary of Carter's, Inc.), purchased all of the outstanding shares of capital stock of the entities comprising Bonnie Togs ("Bonnie Togs"), a Canadian specialty retailer focused exclusively on the children's apparel and accessories marketplace. Bonnie Togs operates 59 retail stores in Canada and sells products under the Carter's and OshKosh B'gosh brands, as well as other private label and national brands. Bonnie Togs was Carter's principal licensee in Canada since 2007 and is the Company's most significant international licensee. Our condensed consolidated balance sheet as of July 2, 2011 reflects the acquisition of Bonnie Togs. The condensed consolidated statements of operations for the three and six-month periods ended July 2, 2011 were immaterially affected by the acquisition. |