Citi Trends Announces CEO Transition
Director Sachse to Serve as Special Advisor and Assist with the Transition
“We extend our thanks to Bruce for his service, dedication and
leadership over more than a decade at
Mr. Smith said, “It has been my great honor to serve
The Board has formed a search committee to identify the Company’s new CEO and retained an executive search firm to assist in the process.
During this period of transition, the Board also has appointed
Mr. Sachse has over three decades of experience at Macy’s Inc., including as chief growth officer, chief innovation and development officer, chief stores officer, chief marketing officer and as chief executive officer of macy’s.com. He is recognized for his exceptional record of architecting, growing and transforming consumer retail engagement for Macy’s, Inc. across a variety of functions, channels and brands. As CEO of macys.com, he led all aspects of the company’s online presence to deliver 10x growth over six years.
Mr. Sachse said, “I look forward to working with the team at
“As we look to the future, we see opportunity to leverage our strong balance sheet and loyal customer base as we innovate with new merchandising, marketing and distribution strategies,” Mr. Carney said. “Citi Trends is focused on improving its merchandising strategies and execution, expanding its non-apparel offerings, executing its cost cutting initiatives, and exploring new markets, including testing new stores in predominantly Hispanic areas. We are committed to making the changes necessary to thrive and grow to the benefit of our customers, employees and shareholders.”
About Citi Trends
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Source:
Bruce Smith
President and Chief Executive Officer
(912)
443-2075