US: Citi Trends moves to Q4 profit
- Q4 earnings of US$1.5m
- Net sales drop 10.5%
- Comparable sales fall 3.5%
Value fashion retailer Citi Trends has moved to a profit in its fourth-quarter and booked an increase in revenues.
Earnings reached US$1.5m in the three months ended 1 February. This compared to a net loss of $0.7m in the year ago period.
Total sales in the period, however, dropped 10.5% to $157.2m from $175.7m a year earlier. An extra week at the beginning of last year contributed around $21m to the 2012 figure. Comparable store sales were down 3.5% for the quarter.
- Trump’s China tariff a self-serving sound-bite
- US fashion firms share their sourcing strategies
- Bad sourcing blamed for pressure on retail margins
- Cost biggest barrier to Bangladesh RMG remediation
- Lies and statistics – the sustainability version
- Ten key trends in apparel and footwear markets
- Bangladesh firm comes top in World Textile Awards
- Columbia rain jacket a milestone in sustainability
- Primark continues US expansion with third store
- $360m logistics investment to benefit Bangladesh
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Primark Stores Limited: Retailing - Company Profile & SWOT Analysis
- Clothing & Footwear Retailing in Indonesia– Market Summary & Forecasts
- Clothing & Footwear Retailing in China – Market Summary & Forecasts
- Nike Inc in Apparel and Footwear (World)