Georgia discount chain Citi Trends rings up strong holiday sales despite pandemic

The discount retail chain Citi Trends (Nasdaq: CTRN) got an unexpected surprise during the winter holidays—strong sales. Despite the COVID-19 pandemic and economic downturn, the Savannah-based company’s registers rang up $193 million in sales. Nationwide, retail holiday sales were expected to increase 3%- 5% compared to 2019. Citi Trends’ holiday sales increased 13% compared to the same time the previous year. “We are thrilled with our holiday sales results that significantly exceeded…

The discount retail chain Citi Trends (Nasdaq: CTRN) got an unexpected surprise during the winter holidays—strong sales. Despite the COVID-19 pandemic and economic downturn, the Savannah-based company’s registers rang up $193 million in sales. Nationwide, retail holiday sales were expected to increase 3%- 5% compared to 2019. Citi Trends’ holiday sales increased 13% compared to the same time the previous year. “We are thrilled with our holiday sales results that significantly exceeded…

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