Press Releases

David Alexander resigns as President and CEO Board Chairman Ed Anderson returns as CEO Jason Mazzola hired as Executive VP and Chief Merchandising Officer SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today announced that David Alexander , who has served as President and CEO

Third quarter sales increased 2.2%; comparable store sales decreased 9.3% Third quarter 2011 loss per share of $0.46 compared with $0.03 loss last year SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today reported results for the third quarter of fiscal 2011.

SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today announced that it has secured a new, five-year, $50 million credit facility through Bank of America to replace its prior $20 million credit facility. "We are pleased to announce the successful completion of this credit

SAVANNAH, Ga. , Oct. 31, 2011 (GLOBE NEWSWIRE) -- Citi Trends, Inc. (Nasdaq:CTRN) today announced details for the release of its results for the third quarter ended October 29, 2011 . Citi Trends plans to release its earnings for the third quarter before the market opens on November 22, 2011. Citi

Ed Anderson Temporarily Resuming Executive Chairman Role SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today announced the resignation of Elizabeth R. Feher , the Company's Executive Vice President and Chief Merchandising Officer.

SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today announced the elimination of 40 positions in its corporate offices, distribution centers and store organization. The Company also announced that it would pull back on its new store opening plans, only opening stores for which

Second quarter sales increased 0.9%; comparable store sales decreased 11.9% Second quarter 2011 loss per share of $0.69 compared with $0.04 loss last year SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today reported results for the second quarter of fiscal 2011.

SAVANNAH, Ga. , Aug. 2, 2011 (GLOBE NEWSWIRE) -- Citi Trends, Inc. (Nasdaq:CTRN) today announced details for the release of its results for the second quarter ended July 30, 2011 . Citi Trends plans to release its earnings for the second quarter before the market opens on August 17, 2011 .

SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today announced that it expects to report a net loss in a range of $0.60 to $0.70 per diluted share for the second quarter ending July 30, 2011 . Citi Trends' sales have continued to be much lower than expected.

First quarter sales increased 4.3%; comparable store sales decreased 6.9% First quarter 2011 earnings per share of $0.83 compared with $0.86 last year SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today reported results for the first quarter of fiscal 2011.

SAVANNAH, Ga. , April 29, 2011 (GLOBE NEWSWIRE) -- Citi Trends, Inc. (Nasdaq:CTRN) today announced details for the release of its results for the first quarter ending April 30, 2011 . Citi Trends plans to release its earnings for the first quarter before the market opens on May 18, 2011. Citi

SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today reported results for the fourth quarter and fiscal year ended January 29, 2011 . Financial Highlights — Fourth quarter ended January 29, 2011 Total sales in the fourth quarter ended January 29, 2011 increased 1.3% to $172.0

Total sales increased 12.8% to $622.5 million for the full fiscal year Comparable store sales decreased 11.4% in the fourth quarter and 1.8% for the full year Annual EPS expected to approximate $1.30 SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc.

Third quarter sales increased 10.0%; comparable store sales decreased 4.2% Third quarter net loss of $394,000 compared with net income of $606,000 last year Year-to-date net income increased 35.7% to $11.5 million SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc.

SAVANNAH, Ga. --(BUSINESS WIRE)-- Citi Trends, Inc. (NASDAQ: CTRN) today announced details for the release of its results for the third quarter ended October 30, 2010 . Citi Trends plans to release its earnings for the third quarter before the market opens on November 22, 2010.

<i><b>Second quarter net loss of $567,000 compared with net loss of
$69,000 last year</b></i>
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<i><b>Second quarter sales increased 15.6%; comparable store sales
decreased 0.6%</b></i>
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<i><b>Net income in the first half of 2010 increased 51.2% to $11.9
million</b></i>
<br />

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SAVANNAH, Ga., Aug 03, 2010 (BUSINESS WIRE) -- Citi Trends, Inc. (NASDAQ: CTRN) today announced details for the release of its results for the second quarter ended July 31, 2010. Citi Trends plans to release its earnings for the second quarter before the market opens on August 18, 2010.

<i><b>First quarter 2010 net income of $12.4 million compared with $7.9
million last year</b></i>
<br />

<i><b>First quarter sales increased 26.8%; comparable store sales
increased 9.6%</b></i>
<br />

SAVANNAH, Ga., May 04, 2010 (BUSINESS WIRE) -- Citi Trends, Inc. (NASDAQ: CTRN) today announced details for the release of its results for the first quarter ended May 1, 2010. Citi Trends plans to release its earnings for the first quarter before the market opens on May 19, 2010.

<i><b>Fourth quarter net income increased 11.9% to $11.3 million</b></i>
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<i><b>Fiscal 2009 net income increased 13.4% to $19.7 million</b></i>
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<i><b>Fiscal 2010 earnings guidance of approximately $1.60 to $1.65 per
share</b></i>
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