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.
US value fashion retailer Citi Trends has widened its net loss in the third quarter thanks to one-off charges....
- George at Asda on responsible retail journey
- New American Apparel CEO sees solid platform
- Outlook 2015: What's happening with sourcing?
- Connected sourcing networks ease payment problems
- Outlook 2015: Challenges and opportunities
- Talks underway on Myanmar minimum wage
- Fashion brands facing strong dollar “headwind”
- Tommy Hilfiger digital showroom to reduce samples
- EU exploring responsible garment supply chains
- C&A to boost opportunities for women in India
- Myanmar's Garment Sector - Opportunities & Challenges in 2015
- Outdoor performance apparel: peaks, valleys, and green fields
- Li & Fung Limited (494) - Financial and Strategic SWOT Analysis Review
- E-Textiles: Electronic Textiles 2014-2024
- Management briefing: Outlook 2015: Apparel industry issues in the year ahead