Children's goods company Carter's Inc says it will shut 15 OshKosh B'Gosh stores this month as part of a push to boost profits.

Carter's will start its store closure programme, which will affect 15 OshKosh B'Gosh stores, later on this month.

The company also plans to consolidate the three brands belonging to the OshKosh division - which Carter's bought back in May -   into one single name.

The company has also announced the signing of a deal to keep chairman and chief executive Frederick Rowan II on until 2009.