Citi Trends

For the Citi FM radio show, see CitiTrends (radio show).
Citi Trends, Inc.
Company type
Public
Nasdaq: CTRN
Russell 2000 Component
IndustryRetail
Founded1958; 68 years ago (1958)
Headquarters
Savannah, Georgia
,
United States
Number of locations
616 (June, 2022)[1]
Area served
U.S.
ProductsClothing
Websitecititrends.com

Citi Trends, Inc. is an American retail clothing chain selling discounted products targeted primarily at African-American customers.

The company opened its first store in Savannah, Georgia in 1958 under the name Allied Department Stores. The company began renaming its stores Citi Trends in 2000, and officially became Citi Trends a year later.[2][3]

Citi Trends comprises more than 600+ stores in 33 states.[2] The chain is known for targeting urban, lower-income customers.[4] In May, 2005, Citi Trends became a publicly traded company on the Nasdaq exchange with the symbol CTRN. The headquarters of Citi Trends is located in Savannah, Georgia. There is also a distribution center in Darlington, South Carolina along with one in Roland, Oklahoma.[5] On February 28, 2005, Citi Trends Inc. went public in an initial public offering of stock worth up to $57.5 million.[6]

In March 2017, Chief Executive Jason Mazzola resigned after two years in the position and five years at the company. Chief Financial Officer and Chief Operating Officer Bruce Smith stepped in as acting CEO until a permanent replacement was found.[7]

A Citi Trends store was among the property locations destroyed by arson during the George Floyd protests in Minneapolis–Saint Paul in May 2020.[8]

Citi Trends storefront
Citi Trends storefront
Citi Trends store interior layout
Citi Trends store interior layout

References

  1. ^ "About Us".
  2. ^ a b "History". Citi Trends. Retrieved 29 January 2011.
  3. ^ "Analysis of Citi Trends". M2 Presswire. 8 February 2007. Retrieved 29 January 2011.
  4. ^ Lee, Louise (30 October 2006). "The Secrets to Inner-City Success". Bloomberg Business Week. Archived from the original on 2007-03-27. Retrieved 2019-10-06.
  5. ^ "Citi Trends". Citi Trends. Archived from the original on 19 October 2012. Retrieved 12 January 2013.
  6. ^ Source, San Diego (February 28, 2005). "Urban-clothing company Citi Trends plans $57.5 million IPO". sddt.com.
  7. ^ Kilgore, Tomi. "Citi Trends CEO resigns to pursue another opportunity". MarketWatch. Retrieved 2017-03-23.
  8. ^ Penrod, Josh; Sinner, C.J. (2020-07-13). "Buildings damaged in Minneapolis, St. Paul after riots". Star Tribune. Retrieved 2022-05-05.
  • Wikimedia Commons logo Media related to Citi Trends at Wikimedia Commons


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