Urban apparel retailer Citi Trends (CTRN -16%) takes a hit after forecasting a...

|About: Citi Trends, Inc. (CTRN)|By:, SA News Editor

Urban apparel retailer Citi Trends (CTRN -16%) takes a hit after forecasting a wider-than-expected loss for Q2, and plans fewer store openings this year due to weak sales. The company now expects to post a loss of $0.60 to $0.70 per share, greater than the $0.12 loss estimated by Wall Street.