| Market Capitalization (Millions $) |
577 |
| Shares
Outstanding (Millions) |
8 |
| Employees |
4,700 |
| Revenues (TTM) (Millions $) |
849 |
| Net Income (TTM) (Millions $) |
12 |
| Cash Flow (TTM) (Millions $) |
40 |
| Capital Exp. (TTM) (Millions $) |
24 |
Business Description
Citi Trends Inc. is an American retail company headquartered in Savannah, Georgia. It was founded in 1954 and operates over 570 stores across 33 states in the US. Citi Trends is a popular shopping destination among low to middle-income families, especially those seeking affordable apparel and accessories for themselves and their children.
Citi Trends is known for offering a wide variety of products at discounted prices. The company has a unique business model that allows it to purchase merchandise from a variety of sources, including department stores, manufacturers, and wholesalers. By doing so, Citi Trends is able to offer prices that are typically 20-70% lower than the average department store prices.
Citi Trends stores typically range in size from 5,000 to 10,000 square feet and carry a range of clothing, shoes, and accessories for men, women, and children. Their products include everything from brand-name clothing, athletic wear, shoes, and accessories to home decor, beauty products, and gifts.
Citi Trends also places an emphasis on catering to the diverse fashion needs of its customers. The stores offer a variety of styles ranging from traditional to trendy. With a focus on urban and streetwear, Citi Trends stocks popular brands, such as Rocawear, Levies, Baby Phat, and Sean John. The company also features its own clothing line known as eCiti Steps,e which consists of affordable basics, including t-shirts, jeans, and hoodies.
One of the key strengths of Citi Trends is its ability to adapt to quickly changing fashion trends, resulting in a loyal customer base. The company maintains a dedicated team of buyers who are responsible for sourcing the latest trends and designs.
While the company has experienced success, Citi Trends has faced some challenges in recent years, particularly in terms of competition from other discount retailers such as Ross, T.J. Maxx, and Marshalls. Despite this, Citi Trends continues to grow and expand, with plans to open new stores in the coming years.
Overall, Citi Trends is a go-to destination for customers seeking affordable, trendy clothing and accessories. Its commitment to providing customers with access to the latest styles and trends, while keeping prices low, has helped it become a popular shopping destination for those seeking high-quality products at an affordable price.
Company Address: 17 Park of Commerce Blvd, Ste 200 Savannah 31405 GA
Company Phone Number: 236-1561 Stock Exchange / Ticker: NASDAQ CTRN
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