Citi Trends' Q3 total net sales for four-week period rises 64.9%
04 Nov '05
2 min read
For fiscal 2005, the Company plan was to open 40 new stores. Due to the expected inability to open new stores originally targeted to open in markets affected by the hurricanes, the Company now expects to open approximately 37 new stores in fiscal 2005. With the revised number of new store openings and the uncertainty of reopening the 5 currently closed stores, the Company estimates that it will end the year with a total of 232 to 237 stores in operation.
Citi Trends Inc is a value-priced retailer of urban fashion apparel and accessories for the entire family. The Company currently operates 226 stores (including the 5 stores currently closed due to the hurricanes) located in 12 states in the South, Southeast and Mid-Atlantic region.
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