Citi Trends (CTRN) Announces CEO Change

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Citi Trends Announces Leadership Transition

May 31, 2024 8:30 AM EDT

Ken Seipel, a Successful Turnaround CEO in the Off-Price Retail Space and Veteran Board Member at Citi Trends, Appointed Interim CEO

David Makuen, who Guided the Company Through the Pandemic and Served with Distinction, Steps Down as CEO and Board Member

The Board Commences a Search Process for a Permanent CEO

Additionally, the Company Released Preliminary First Quarter 2024 Results Total Sales of $186.3 million, Comparable Sales Growth of 3.1% and EBITDA Loss of $0.8 million

SAVANNAH, Ga.--(BUSINESS... More