Citi Trends sales head in the right direction

Savannah, Ga. – Specialty discount apparel retailer Citi Trends Inc. reported some encouraging trends in terms of sales for fiscal and full year 2014. Total sales for the fourth quarter increased 15% to $181.1 million, compared with $157.2 million in the same period a year earlier.



Same-store sales increased 13.9% in the fourth quarter. A number of winter storm-related closings in January 2014 and an earlier start to tax refund season the last two days of the month in January 2015 helped boost same-store sales for the quarter.



For the year, total sales increased 8% to $670.8 million, compared with $622.2 million in fiscal 2013. Same-store sales increased 7.5% for the full year.



Ed Anderson, chairman and CEO, said Citi Trends did a good job of anticipating the type of merchandise consumers wanted to buy.



“Clearly, our merchandise assortments were more on point this year,” said Anderson. “In particular, we did a better job with all of our cold-weather merchandise. All five merchandise divisions delivered meaningful sales growth, and, geographically, we delivered strong sales across all weather zones and store regions.”