Citi Trends is expanding its footprint.
The value retailer of urban fashion apparel, accessories and home goods, primarily for African American and Latinx families, plans to open approximately 40 stores next year. It also will remodel approximately 40 locations.
Citi Trends announced its store opening plans in its fiscal third-quarter results. Total sales for the quarter, ended Oct. 30, increased 14.5% to $228 million versus $199 million in the year-ago period, on top of an 8.8% increase in the third quarter of 2020 over 2019. (The company said it is reporting operating results for the third quarter of 2021 relative to the third quarter of both 2020 and 2019 due to the “uniquely challenging operating environment in the third quarter of 2020 resulting from the COVID-19 pandemic.”Chain Store Age