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US clothing retailer Citi Trends announced sales of $ 285 million in the first quarter of 2009.

CitiTrends, a leading U.S.-based apparel and hometrend retailer, saw sales increase 145.8% to $ 285.4 million in the first quarter, ending May 1, 2021. Compared to $ 116.1 million for the same period. Last year. The company’s net profit increased to $ 30.9 million in the quarter (Q1 2010: loss of $ 20.9 million).

“As the pandemic continues, total sales, gross margin and operating margin gained momentum from last year, making a very good start. Our robust and broad top line Performance is attributed to a differentiated business model that continues to meet customer needs through carefully selected products across the six CITIs, as well as a unique and compelling shopping experience that is being amplified. “More,” said David Makuen, Citi Trends CEO, in a press release.

The company’s operating profit surged to $ 39 million ($ 27.5 million) in the first quarter of 2009.

“In the future, we are very pleased with our overall positioning from 2021 onwards. We will continue to enhance our CitiTrends experience and implement it against our strategic priorities to ensure our previously shared long-term plans. We expect to be significantly higher and reach our $ 1 billion sales growth target faster than originally planned. “

Fiber2Fashion News Desk (JL)

CitiTrends, a leading U.S.-based apparel and hometrend retailer, saw sales increase 145.8% to $ 285.4 million in the first quarter, ending May 1, 2021. Compared to $ 116.1 million for the same period. Last year. The company’s net profit increased to $ 30.9 million in the quarter (Q1 2010: loss of $ 20.9 million).



US clothing retailer Citi Trends announced sales of $ 285 million in the first quarter of 2009.

Source link US clothing retailer Citi Trends announced sales of $ 285 million in the first quarter of 2009.

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