HIGHOutside partySupplier
60%
China fabric sourcing
“10-K Item 1: 'approximately 60% of the fabric that was used in the manufacture of our products was sourced from China'”
CRI · Concentration risk · 10-K extracted
Carter's (CRI) concentration risks
Updated
The most significant concentration Carter's discloses is China fabric sourcing at 60%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Carter's’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH1
MEDIUM0
LOW2
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
LOWOutside partyCustomer
11%
largest wholesale customer
“10-K Item 1: 'Our two largest wholesale customers accounted for 11.0% and 10.3%, respectively, of consolidated net sales in fiscal 2025.'”
LOWOutside partyCustomer
10.3%
second largest wholesale customer
“10-K Item 1: 'Our two largest wholesale customers accounted for 11.0% and 10.3%, respectively, of consolidated net sales in fiscal 2025.'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Carter's concentration exposures split between a high-share supply dependency and modest customer-level exposures. Approximately 60% of the fabric used in manufacturing was sourced from China, a high-share dependency that leaves the business exposed to disruption in a single sourcing geography. On the customer side, the two largest wholesale customers accounted for 11.0% and 10.3% of consolidated net sales in fiscal 2025, respectively — modest shares individually, and even combined they represent only about a fifth of net sales, spreading wholesale revenue across a broader base than the fabric-sourcing exposure would suggest. The China fabric dependency is the exposure most likely to move the verdict: it is both larger in share and tied to a single sourcing country, making it vulnerable to tariff changes, trade disruption, or supply-chain shocks in a way the customer base is not. By contrast, the wholesale customer concentrations, while real dependency risks, are modest enough in scale that the loss of either customer would be a meaningful but not existential event for the business.
For the engine’s reasoning on CRI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Apparel Retail
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CRI● | Carter's, Inc. | 1 | 0 | 2 | 3 |
| BKE | Buckle, Inc. (The) | 0 | 2 | 1 | 3 |
| ANF | Abercrombie & Fitch Company | 0 | 2 | 0 | 2 |
| AEO | American Eagle Outfitters, Inc. | 0 | 1 | 0 | 1 |
| BOOT | Boot Barn Holdings, Inc. | 0 | 1 | 0 | 1 |
| BURL | Burlington Stores, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.