Citi Trends (NASDAQ:CTRN)
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Citi Trends, Inc. (NASDAQ: CTRN) today announced that Elizabeth R. Feher
has joined the Company, effective immediately, as Executive Vice
President and Chief Merchandising Officer. She replaces George A.
Bellino, the Company’s President and Chief
Merchandising Officer, who had previously announced his decision to
retire. His retirement will be effective April 4, 2008.
Ms. Feher joins Citi Trends after serving as Senior Vice President –
Ladies Apparel, Intimate and Kids and a member of the Executive
Committee at Value City Department Stores since 2005. Prior to that
time, she was with Bon Ton Stores from 1994 to 2005 in senior apparel
merchandising roles, such as Senior Vice President and General
Merchandise Manager and Vice President and Divisional Merchandise
Manager of Ready-To-Wear, Ladies Casual and Career Sportswear. Ms. Feher
began her merchandising career in 1980 as a management trainee with Hess’s
Department Stores and added increasing responsibilities as first a buyer
and then as Vice President and Divisional Merchandise Manager.
Ed Anderson, Chairman and Chief Executive Officer of Citi Trends,
commented, "During our national search, we have focused on the
candidates that first and foremost had extensive experience and talent
as an apparel merchant. We also wanted someone with a background in the
department store and off-price markets who possesses the leadership and
communication skills to guide a very talented merchandising team. Beth
fulfills all of these requirements. She has demonstrated throughout her
28-year career in apparel merchandising the ability to develop teams and
strategies to achieve sales and margin goals. We look forward to her
contributions in leading our merchandise team."
About Citi Trends
Citi Trends, Inc. is a value-priced retailer of urban fashion apparel
and accessories for the entire family. The Company currently operates
330 stores located in 20 states in the Southeast, Mid-Atlantic and
Midwest regions and the state of Texas. Citi Trends’
website address is www.cititrends.com.
CTRN-E
Forward-Looking Statements
All statements other than historical facts contained in this news
release, including statements regarding our future financial results and
position, business policy and plans and objectives of management for
future operations, are forward-looking statements that are subject to
material risks and uncertainties. The words “believe,”
“may,” “could,”
“plans,” “estimate,”
“continue,” “anticipate,”
“intend,” “expect”
and similar expressions, as they relate to Citi Trends, are intended to
identify forward-looking statements. Investors are cautioned that
any such forward-looking statements are not guarantees of future
performance or results and are inherently subject to risks and
uncertainties, some of which cannot be predicted or quantified. Actual
results or developments may differ materially from those included in the
forward-looking statements, as a result of various factors which are
discussed in Citi Trends, Inc. filings with the Securities and Exchange
Commission. These risks and uncertainties include, but are not
limited to, uncertainties relating to economic conditions, growth risks,
consumer spending patterns, competition within the industry, competition
in our markets and the ability to anticipate and respond to fashion
trends. Except as required by applicable law, including the
securities laws of the United States and the rules and regulations of
the Securities and Exchange Commission, Citi Trends does not undertake
to publicly update any forward-looking statements in this news release
or with respect to matters described herein, whether as a result of any
new information, future events or otherwise.