Content about Citigroup

March 15, 2013
Citi Trends narrows loss in Q4

Citi Trends reported a fourth quarter loss of $704,000, narrowed from a $5.3 million loss in the same period last year.

February 19, 2013
OfficeMax, Office Depot reportedly discussing merger

Office Depot and OfficeMax are in talks to merge, according to reports by the Wall Street Journal and Bloomberg.

October 1, 2012
Citigroup research: Holiday digital sales to grow at least 20%

Research released by Citigroup and published by Wall Street Journal’s MarketWatch found that digital sales for the holiday 2012 shopping season are expected to increase at least 20%, thanks to two additional shopping days and amped-up retail marketing efforts.

October 1, 2012
Citigroup research: Holiday digital sales to grow at least 20%

Research released by Citigroup and published by Wall Street Journal’s MarketWatch found that digital sales for the holiday 2012 shopping season are expected to increase at least 20%, thanks to two additional shopping days and amped-up retail marketing efforts.

August 15, 2012
Citi Trends narrowed loss in Q2 but missed Street

Despite narrowing its loss in the second quarter from $10 million to $7.9 million this quarter, Citi Trends still missed Wall Street expectations.

January 26, 2012
Citi Trends announces executive management shifts

Citi Trends said that its president and CEO David Alexander has resigned the company, effective immediately, and will be replaced by prior CEO Ed Anderson, who led the retailer from 2001 to 2009.

November 22, 2011
Citi Trends loss widens in Q3

Citi Trends reported a loss of $6.8 million in the third quarter, compared with a loss of $0.4 million a year earlier.

November 2, 2011
Citi Trends secures new credit facility

Citi Trends said it has secured a new, five-year, $50 million credit facility through Bank of America to replace its prior $20 million credit facility.

October 25, 2011
Chief merchandising officer leaves Citi Trends

Citi Trends announced the resignation of Elizabeth R. Feher, the company’s executive VP and chief merchandising officer.

October 3, 2011
Starbucks starts fund to stimulate job creation

Starbucks Coffee Company is teaming up with the Opportunity Finance Network (OFN) to launch a “Create Jobs for USA” fund.

September 23, 2011
Citi Trends pulls back on expansion

Citi Trends said Friday that it would cut jobs and open fewer stores than it planned in an effort to save money after losing $10 million in the second quarter.

September 16, 2011
Citi Trends to open two Pa., locations

Centro Properties Group US announced the recent lease executions of two Citi Trends locations.

August 31, 2011
Zale loss widens on higher costs but beats Street; adds credit options

Zale Corp. reported Wednesday that its loss for the quarter ended July 31 widened to $32.6 million from $28.5 million a year earlier.

July 14, 2011
Report: Citigroup considering keeping store credit card unit

A Wednesday report by the Financial Times said that Citigroup Inc. may retain its store credit card unit, after trying to divest it earlier.

July 7, 2011
Office Depot and Citi renew private-label partnership

Citi announced Thursday that it has renewed its U.S. private-label credit card partnership with Office Depot.

May 31, 2011
Sprint, MasterCard, First Data and Citibank team up for Google Wallet mobile payment service

Search engine giant Google announced the launch of Google Wallet, a mobile payment service that allows consumers to pay for goods via their smartphones.

May 31, 2011
Sprint, MasterCard, First Data and Citibank team up for Google Wallet mobile payment service

Search engine giant Google announced the launch of Google Wallet, a mobile payment service that allows consumers to pay for goods via their smartphones.

April 7, 2011
Gap announces new $500 million credit facility

Gap has entered into a new $500 million revolving credit facility with a syndicate of banks led by BofA Merrill Lynch, J.P. Morgan and Citigroup Global Markets.

November 18, 2010
LEED for Retail and LEED Volume Program make their official debuts

The U.S. Green Building Council (USGBC) on Thursday launched two, long-awaited green building programs: LEED for Retail, and the LEED Volume Program.

October 13, 2010
Citi Trends to open at Park Plaza

New York City-based Nassimi Realty said Thursday that Citi Trends has leased 12,000 sq. ft....

September 29, 2010
Citi Trends to open at Hickory Plaza

North Plainfield, N.J.-based Levin Management Corp. said that Citi Trends has leased 12,310 sq. ft....

September 23, 2010
Zale selects Citibank to run private label credit-card program

Zale Corp. announced that it has selected Citibank (South Dakota), N.A.) to provide the private...

August 17, 2010
Citi Trends lowers outlook after wider Q2 loss

Citi Trends reported Wednesday that its loss for the second quarter ended July 31 widened...

August 17, 2010
Citi Trends, Kool Smiles to open at Fruitland Center

Purchase, N.Y.-based National Realty & Development Corp. said Wednesday that Citi Trends and Kool Smiles...

June 21, 2010
Zale Corp. makes $5.3M payment to Citibank

According to a securities filing on Tuesday, Zale Corp. has made a $5.3 million partial...

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