Retail turnarounds are never an easy sell, at least to me. The list of retailers that have gone under goes on and on, and fashion changes not even by the season, but sometimes by the week thanks to innovative retailers like h&m and Zara.
Citi Trends (NASDAQ:CTRN) remains caught in the downward spiral that has captured bricks and mortar apparel retailers recently. High youth unemployment, changing consumer tastes, and weak employment figures amongst Citi Trends' core demographics have foiled recent performance, though the company reduced its growth strategy and has seen an overall improvement in margins and losses. Let's take a look at the velocity of recent performance and see what macro factors may or may not drive...
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