Citi Trends, Inc.
In Brief
The campaigns resulted in 5 of 7 new directors and a complete overhaul of the management team including a new Executive chairman, Chief Executive Officer, Chief Financial Officer, and Chief Merchandising Officer. The company is projecting to earn over 600% more in earnings in 2021 than when the campaign was launched.
Activist Materials
- Apr 11, 2019: Citi Trends Reaches Agreement with Macellum
- Apr 01, 2019: Macellum Issues Letter to Stockholders of Citi Trends
- Mar 18, 2019: Citi Trends Issues Statement Regarding Macellum Director Nominations
- Apr 28, 2017: Citi Trends Presentation – The Case for Change
- May 17, 2017: Macellum Announces That Glass Lewis & Egan-Jones Recommend Citi Trends Stockholders Vote FOR Macellum Nominees, Jonathan Duskin and Paul Metcalf, on Macellum’s WHITE Proxy Card
- Mar 09, 2017: Citi Trends Fight Letter
Activist Press
Citi Trends Adds Two Board Members
Citi Trends, the value-oriented specialty retailer of apparel, accessories and home targeting Black and Latine families in the U.S., has named two new…
Citi Trends Appoints Two New Independent Directors to Board
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN), a growing specialty value retailer of apparel, accessories and home trends for way less spend…
Citi Trends Reaches Agreement with Macellum
SAVANNAH, Ga.--(BUSINESS WIRE)--Citi Trends, Inc. (NASDAQ: CTRN) (“Citi Trends” or “the Company”) today announced that it has entered into an agreement with…
Rematch! “Macellum Advisors Signaled in March that it was Ready for a Second Round”
Two years after winning a board seat in a proxy contest at Citi Trends, activist investor Macellum Advisors signaled in March that it was ready for a second…
Citi Trends: Bucking The Trend
Niche off-price apparel retailer generating solid same-store sales and EBITDA growth (a rarity in today’s retail climate), trading at an embarrassingly…
Citi Trends Shares Up After Macellum’s Duskin Lands Board Seat
Macellum Advisers' Jonathan Duskin was elected to the board of Citi Trends (CTRN) - Get Citi Trends, Inc. Report in a partial victory for the sometimes…
BRIEF-ISS recommends Citi Trends stockholders to vote for Macellum nominee Jonathan Duskin
Macellum Capital Management, LLC - advisory firm ISS recommends Citi Trends stockholders vote for Macellum nominee Jonathan Duskin Source text for Eikon:…