Citi Trends Watches (2024)

FAQs

What did Citi Trends used to be called? ›

Citi Trends, Inc. U.S. 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.

Citi Trends is proud to be a high growth, publicly held specialty brand with a fleet of 600+ stores across 33 states. We are the leading specialty value store for African American and multicultural families with a rich history of bringing fresh and fashionable merchandise to our customers and the communities we serve.

Our product offering includes the hottest brands and latest trends of clothing, shoes, accessories, home décor and so much more, making us a convenient one-stop shop for the entire family from infants to adults.

Citi Trends, Inc. is a specialty retailer of apparel, accessories and home trends primarily for African American and multicultural families in the United States.

Citi Trends, an off-price, fast-fashion retailer focused on urban demographics, announced its plan to open 25 to 30 new stores annually, beginning in 2020, in its third-quarter earnings call, Chain Store Age reports.

Headquartered in Savannah, Georgia, Citi Trends is a value-priced apparel retailer for families. The company, founded in 1946, operates primarily in the Southeast, mid-Atlantic region and Texas.

Gross margin expanded 160 basis points to 38.7% vs. 36.7% as reported in Q1 2023 and 37.0% as adjusted in Q1 2023. Net loss narrowed to $3.4 million, or $0.42 per diluted share, compared to a net loss of $6.6 million in last year's Q1. In the first quarter of 2022, Citi Trends reported net income of $30 million.

Should you be buying Citi Trends stock or one of its competitors? The main competitors of Citi Trends include Duluth (DLTH), Vince (VNCE), Designer Brands (DBI), Zumiez (ZUMZ), Genesco (GCO), Tilly's (TLYS), Children's Place (PLCE), Cato (CATO), Express (EXPR), and Hanesbrands (HBI).

To receive a full refund or exchange on an item, please return the item within 30 days of the original purchase with either a printed or digital receipt.

How many employees does Citi Trends have? ›

Citi Trends employs 5,500 workers in 31 states with plans for continued growth and expansion. To learn more about ADP's SmartCompliance® Employment Tax module please click here.

Citi Trends, Inc. is a leading specialty value retailer of apparel, accessories and home trends for way less spend primarily for African American and multicultural families in the United States . The Company operates 606 stores located in 33 states.

Chief Executive Officer, Citi Trends Inc.

Largest shareholders include Fund 1 Investments, LLC, Alliancebernstein L.p., Paradigm Capital Management Inc/ny, Cooper Creek Partners Management Llc, Dimensional Fund Advisors Lp, Vanguard Group Inc, Jennison Associates Llc, VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, BlackRock Inc., and AWM ...

Simple installments using your credit or debit card. At any Citi Trends location Zip gives shoppers the choice to Buy Now and Pay Later.

Citi started to operate its business activities in 1812 in New York under its original name First National City Bank. Since then, Citi has been a major player in some of the world's most innovative breakthroughs in banking, for ex. the pioneering of the world's first ATM.

Citigroup was formed on October 8, 1998, following the merger of Citicorp, the bank holding company for Citibank, and Travelers to create the world's largest financial services organization.

In 2002, Citigroup, the parent of Citibank, acquired Golden State Bancorp and its California Federal Bank, which was one-third owned by Ronald O. Perelman, for $5.8 billion. In 1999, Citibank was sued for improperly charging late fees on its credit cards.