Citi Trends to open fewer new stores

Citi Trends, a Savannah-based urban fashion retailer, is reducing the number of new stores it plans to open for the second time this year.

The company said in a statement that it intends to open 55 new stores in 2011 and about five in 2012, only those that it has already committed to.

In July, Citi Trends said it would reduce its number of new stores from between 65 and 70 to between 55 and 60.

In a statement, Citi Trends president and CEO David Alexander said then that "our current sales trend dictates a more conservative approach to operating costs and capital expenditures."

The company's same-store sales decreased nearly 12 percent in the second quarter; total sales increased by .9 percent.

At the end of the second quarter, the last time it reported results, Citi Trends had 486 stores in 27 states.

The company also announced this week that it was eliminating 40 jobs in its corporate office, at distribution centers and in store organization.

About the Author

Kandi Burruss’ restaurant backs out of settlement, files counterclaims, records show

The companies say they have been prohibited from operating former "RHOA" star Kandi Burruss' Blaze Steak & Seafood for over four months, resulting in losses above $400,000.

Tracking Trump’s tariffs: Here’s what to know

Here’s your guide to track tariffs that have been threatened or imposed by the White House.

‘Tariffs are a tax.’ Canada funds anti-tariff billboards in metro Atlanta

The messages popping up on digital billboards across metro Atlanta come as President Trump has started a trade war with Canada, historically one of the U.S.’ closest allies.

The Latest

Credit: Savannah Sicurella

Kandi Burruss’ restaurant backs out of settlement, files counterclaims, records show

Hooters files for Chapter 11 bankruptcy, plans to keep restaurants open

MAKING CONNECTIONS

100 years (mostly) union-free: Delta is still striving to stay ‘different’

Featured

Credit: Jenni Girtman

Mass layoffs underway at Atlanta-based CDC

Public health experts say the CDC cuts could represent generational damage to health research and the elimination of infectious diseases.

Falcons owner Arthur Blank discusses his hourlong phone call with Kirk Cousins

“I had a long and impactful conversation with him,” the Atlanta Falcons owner said at the NFL annual meeting on Tuesday.

Atlanta rapper Young Scooter died after cutting leg on wood fence, medical examiner says

New details still have investigators asking questions about the death of the rapper, who police say died after falling while running from officers responding to a 911 call.

1h ago