Citi Trends Inc

Apparel and textile industry company news

Subscribe via RSSWhat is RSS?

Latest Articles

US: Citi Trends posts wider Q2 loss Leonie Barrie | 17 Aug 11

Value fashion retailer Citi Trends Inc has blamed falling sales, clearance markdowns and impairment costs for widening its second quarter loss.

US: Citi Trends warns of Q2 loss | 21 Jul 11

Lower than expected sales at Citi Trends Inc have forced the value retailer to warn that it expects to post a second quarter loss of $0.60 to $0.70 per share and will open fewer stores than planned this year.

US: Citi Trends lowers outlook as Q1 profit falls | 19 May 11

Value retailer Citi Trends Inc has trimmed its full year earnings outlook after first quarter profit fell and same-store sales tumbled 6.9%.

US: Citi Trends reports Q4 profit dip | 14 Mar 11

US retailer Citi Trends has posted a fall in fourth quarter same-store sales, weighing down on profits.

US: Citi Trends posts Q3 loss despite higher sales | 22 Nov 10

Value-priced retailer Citi Trends reported a third quarter loss despite improved sales during the period.

US: Citi Trends widens Q2 loss despite higher sales | 19 Aug 10

Value-priced fashion retailer Citi Trends Inc has widened its second quarter loss after higher sales failed to offset tough comparisons with the year-ago period.

US: Citi Trends boosts Q1 earnings | 19 May 10

US value fashion retailer Citi Trends has announced that net income was $12.4m for the first quarter, compared with $7.9m in the same period last year.

US: New stores boost Citi Trends full year | 15 Mar 10

A strong end to the year and new store openings have helped Citi Trends report double digit lifts in both sales and income. The company also said that it had made a strong start to 2010 and has predicted same-store sales up 3-4% this year.

US: Citi Trends back to black with US$0.6m Q3 profit | 24 Nov 09

Retailer Citi Trends returned to profit in its third quarter, thanks to a 21.4% boost in sales, the company said.

US: Citi Trends swings to Q2 loss | 20 Aug 09

Value-priced fashion retailer Citi Trends Inc has swung to a second quarter loss, blaming higher merchandise markdowns and tough comparisons with last year when shopper spending was lifted by government stimulus cheques.

US: Citi Trends Q1 profit soars by 52% | 21 May 09

Value-priced fashion retailer Citi Trends Inc has managed to lift its first quarter profit by 51.9% helped by higher sales and lower margins.

US: Citi Trends names David Alexander as next CEO | 26 Mar 09

Value-priced fashion retailer Citi Trends Inc has named president and chief operating officer David Alexander as its new CEO following the retirement of Ed Anderson early next month.

US: Citi Trends posts increased annual income | 26 Mar 09

Fashion apparel retailer Citi Trends said its net income in the fourth quarter of 2008 increased 20.0% to $10.1m compared with last year’s quarter, with strong control of inventory levels and a significant reduction in merchandise markdowns more than offsetting the negative same-store sales.

US: Citi Trends Q4 sales up 8.9% | 5 Feb 09

Value apparel retailer Citi Trends posted an 8.9% sales increase in its fourth quarter, but saw comparable store sales fall back slightly.

US: Citi Trends hires Alexander as president | 9 Dec 08

US retailer Citi Trends has announced that David Alexander will be joining the company, effective today (8 December), as president and chief operating officer.

In the money: Retailers pin hopes on Black Friday | 28 Nov 08

The Black Friday shopping bonanza sets a precedent for holiday season sales in the US. But rarely has it been more important to fashion retailers as many try to manoeuvre their way out of the red after an all-round colourful third quarter. Joe Ayling reports.

US: Citi Trends Q3 loss edges up as comps fall | 25 Nov 08

Falling comparable store sales left cut-price clothing retailer Citi Trends with a third quarter net loss of US$687,000, up from a loss of $513,000 in the same period last year.

US: Citi Trends Q2 profit up four-fold on higher sales | 21 Aug 08

Consumers spending their tax rebate cheques, coupled with fewer markdowns, have helped retailer Citi Trends Inc to a more than four-fold hike in second quarter profit.

US: Citi Trends sees Q1 net income fall to $5.2m | 22 May 08

First quarter profit at Citi Trends, the US-based value-priced retailer, have fallen 8.8% despite higher sales.

US: Q1 double-digit sales hike for Citi Trends | 8 May 08

Value-led retailer Citi Trends posted a double-digit sales rise in its first quarter, according to unaudited results released by the company.

US: Citi Trends replaces chief merchandinsing officer | 3 Apr 08

Citi Trends has appointed Elizabeth R. Feher as executive vice president and chief merchandising officer. She replaces George A Bellino, the company’s president and chief merchandising officer, who had previously announced his decision to retire. His retirement will be effective 4 April 2008.

US: Citi Trends full-year income drops 19.2% | 27 Mar 08

Apparel retailer Citi Trends has posted a slump in fourth quarter and yearly net income, as same-store sales declines and markdowns took their toll.

US: Citi Trends Q4 same-store sales slip 1.1% | 7 Feb 08

Fourth quarter same-store sales at value-priced apparel retailer Citi Trends Inc fell 1.1%, the Savannah, Georgia based company said yesterday (6 February).

US: Citi Trends’ CMO George Bellino to retire | 13 Dec 07

Value-priced fashion retailer Citi Trends Inc has begun a search for a new chief merchandising officer after the company’s existing president and CMO, George A Bellino, said he plans to retire in spring/summer 2008.

US: Markdowns send Citi Trends into Q3 loss | 27 Nov 07

Value retailer Citi Trends posted a third-quarter loss on the back of an increase in clearance markdowns – and lowered its full-year earnings estimate as a result.

US: Citi Trends posts Q3 loss | 8 Nov 07

An increase in clearance markdowns coupled with a marginal rise in same-store sales for the third quarter has pushed Citi Trends Inc to a quarterly loss of $0.06 per share.

US: Citi Trends lowers FY guidance as Q2 profit drops 51% | 30 Aug 07

Value-priced fashion retailer Citi Trends Inc on Wednesday (29 August) reported a 50.8% slump in second quarter profit and lowered its earnings guidance for the fiscal year.

US: Citi Trends lowers Q1 guidance on weak sales | 10 May 07

Shares of urban fashion retailer Citi Trends fell more than 5% in after-hours trading Wednesday (9 May) after the company reported weather-related weakness in first-quarter sales and pulled down its earnings estimates for the period.

US: Bruce Smith joins Citi Trends as CFO | 3 Apr 07

Bruce D Smith has joined urban fashion specialty chain Citi Trends as senior vice president and chief financial officer. He reports to Ed Anderson, chairman and chief executive officer of the company.

US: Citi Trends Q4 profit jumps 31%, cautious Q1 forecast | 22 Mar 07

Citi Trends, the value-oriented retailer of urban apparel, late Tuesday (21 March) reported strong gains in profits for the fourth quarter, but a cautious first-quarter outlook sent its shares downward in after-hours trading.


just-style homepage

Forgot your password?