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Macellum dials up the heat on Citi Trends

Mar. 09, 2017 12:42 PM ETCiti Trends, Inc. (CTRN) StockBy: Clark Schultz, SA News Editor1 Comment
  • Macellum nominates four members for the board at Citi Trends (NASDAQ:CTRN -0.9%). The firm again expresses its concerns over Citi Trend's long period of underperformance and is convinved shares could double with the right leadership.
  • Citi Trends disputes the views of Macellum, while offering to appoint an independent director not affiliated with Macellum.
  • Citi Trends has a board meeting scheduled for May 24.

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