Citi Trends
| Company type | Public |
|---|---|
| Industry | Retail (clothing) |
| Predecessor | Allied Department Stores |
| Founded | 1958 in Savannah, Georgia, United States |
| Headquarters | Savannah, Georgia , United States |
Area served | 33 states in the United States |
Key people | Bruce Smith (interim CEO as of March 2017) |
| Products | Affordable apparel primarily for African-American consumers |
Overview
Citi Trends, Inc. operates as a retail clothing chain in the United States, specializing in affordable apparel primarily for African-American consumers.
Established in 1958 in Savannah, Georgia under the name Allied Department Stores, the company initiated a rebranding effort in 2000, transitioning its outlets to the Citi Trends name and formally adopting this identity by 2001.
With a network exceeding 600 locations spread across 33 states, Citi Trends focuses on serving urban markets with predominantly lower-income demographics. The company became publicly listed on the Nasdaq stock exchange in May 2005, trading under the ticker symbol CTRN. Its corporate headquarters remain situated in Savannah, Georgia. Additionally, Citi Trends maintains distribution centers in Darlington, South Carolina and Roland, Oklahoma.
On February 28, 2005, Citi Trends completed an initial public offering that raised up to $57.5 million.
In March 2017, Jason Mazzola stepped down as Chief Executive Officer after holding the position for two years and contributing five years to the company. Bruce Smith, who was serving as Chief Financial Officer and Chief Operating Officer at the time, assumed the role of interim CEO pending the appointment of a permanent successor.
During the civil unrest linked to the George Floyd protests in Minneapolis–Saint Paul in May 2020, a Citi Trends store was among several properties damaged by arson incidents.
References
External links
Media related to Citi Trends at Wikimedia Commons
