Citi Trends ( (CTRN) ) just unveiled an announcement.
On March 25, 2025, Citi Trends, Inc. entered into an Amended and Restated Cooperation Agreement with Fund 1 Investments, LLC, leading to significant changes in its Board of Directors. The agreement resulted in the appointment of Wesley Calvert and Pamela Edwards as new directors, with Calvert becoming Chair of the Finance Committee and Edwards Chair of the Audit Committee. Additionally, Kenneth D. Seipel was named Chairman of the Board, and David Heath was appointed as Lead Independent Director, effective April 2, 2025. The agreement includes a standstill provision and voting commitments from Fund 1 Investments, aiming to enhance shareholder value and support the company’s strategic initiatives. The company also announced expected strong growth in Q1 2025 comparable store sales, driven by increased customer traffic and basket size, indicating positive market reception of its product and service strategies.
More about Citi Trends
Citi Trends, Inc. is a leading off-price value retailer of apparel, accessories, and home trends primarily targeting African American families in the United States. The company operates 591 stores across 33 states.
YTD Price Performance: -18.48%
Average Trading Volume: 90,681
Technical Sentiment Signal: Buy
Current Market Cap: $184.5M
For a thorough assessment of CTRN stock, go to TipRanks’ Stock Analysis page.