Detroit Bear
Deep value, special situations, long-term horizon, value

Is There Upside Left In The Citi Trends Turnaround?

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...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
FREESA PRO MEMBERS
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details