Citi Trends, Inc.NASDAQ
Fri, Sep. 9, 9:27 AM
- A survey from William Blair indicates that teenagers and young adults have increased their visits to malls this year to reverse a multi-year trend.
- In what may come as a surprise, teens ranked malls above movie theaters, restaurants, and sports clubs/extracurriculars as their most popular place to meet.
- Despite the depressed levels of overall sales this year for mall retailers, the read on teens could be a possible indicator that the mall model will evolve and survive, instead of disappear.
- "While overall mall traffic remains challenging, our survey this year noted a material increase in the number of respondents who indicated they are visiting malls more often than last year, perhaps suggesting that malls’ efforts to increase relevancy (through more experiential brands and the addition of attractive entertainment and dining options) are beginning to bear fruit," says Bernstein analyst Sharon Zackfia.
- Mall retailers: AEO, ANF, ASNA, BKE, BOOT, CATO, CBK, CHS, CTRN, DSW, EXPR, FRAN, GCO, GES, GPS, LB, NWY, PLCE, SCVL, SMRT, SSI, TLYS, URBN, LULU.
Wed, Aug. 17, 9:56 AM
- Citi Trends (CTRN +16.5%) pops after topping estimates with its Q2 report.
- Though comparable sales fell off during the quarter, the off-price retailer was much closer to break-even than anticipated.
- Shares of Citi Trends are over $20 for the first time since early February.
- Previously: Citi Trends beats by $0.05, beats on revenue (Aug. 17)
Wed, Aug. 17, 6:50 AM
Wed, Aug. 17, 6:46 AM
Tue, Aug. 16, 10:26 AM
- The RetailMeNot Promotions Index will measure the average retail promotions level from the top 500 U.S. retailers across 19 different categories.
- The broad promotion index currently reads 32.58% which RetailMeNot calls a "moderate" level.
- Tracking of the RetailMeNot data could be of particular interest in the apparel store sector (GPS, LB, AEO, ANF, CHS, PLCE, DSW, DXLG, FRAN, BKE, SSI, DEST, NWY, CTRN, GES, TLRD, SMRT.
- Retail ETFs: XLY, XRT, VCR, RTH, RETL, FXD, FDIS, RCD, PMR, JHMC).
- Source: Press Release
Tue, Aug. 9, 1:36 PM
- There's a dark mood in the apparel store sector after Gap (GPS -6.4%) spilled its July sales numbers.
- The retailer's 4% drop in comparable store sales for the month missed the -1% mark expected by analysts by a wide margin. Gap had raised hopes for a retail sector comeback with a return to a positive comp in June before the July disappointment.
- On a prerecorded sales call (855-500-0477 participant code 7405599), Gap management dropped a discouraging nugget: "We’re maintaining a cautious view of the retail environment in the second half."
- As a bit of a bellwether, the outlook from Gap is resonating across the retail sector. There's also a cut on same-store estimates for Target from Cleveland Research which could be drawing some attention.
- Retail decliners: Tailored Brands (TLRD -5.5%), Ascena Retail Group (ASNA -4.7%), Express (EXPR -4.4%), Citi Trends (CTRN -3.3%), Buckle (BKE -3.4%), Cato (CATO -3.3%), American Eagles Outfitters AEO, Abercrombie & Fitch ANF, Chico's FAS (CHS -2.6%), Kohl's (KSS -3.7%), Dillard's (DDS -2.9%), Macy's (M -2.4%), Fred's (FRED -3.3%), Target (TGT -3.1%), Tuesday Morning (TUES -1.5%), L Brands (LB -1.9%), Christopher & Banks (CBK -2.6%).
Wed, May 18, 10:08 AM
- Retail stocks are lower than broad market averages after Target (TGT -9.3%) sets a gloomy tone on U.S. consumer spending. There was a sense of bewilderment from Target in its release and earnings call commentary over the slowdown in sales post-Easter.
- Wal-Mart is down an even 3% to reach a multi-month low ahead of tomorrow's earnings report.
- Shares of Best Buy (NYSE:BBY) are 3.2% lower after the soft read from Target tilts sentiment. The electronics chain reports earnings on May 24 with analysts expecting revenue of $8.291B and EPS of $0.35 to be disclosed.
- Other chain store stocks reeling after the Target release are Conn's (CONN -0.1%), hhgregg (HGG -2.4%), Sears Holdings (SHLD -3.1%), GameStop (GME -1.6%), Bon-Ton Stores (BONT -2.3%), Dollar Tree (DLTR -2.1%), Big Lots (BIG -2.4%), Dollar General (DG -1.5%), Citi Trends (CTRN -7.4%), and PriceSmart (PSMT -2.9%).
- Previously: Investors edgy over retail stocks after Target disappoints (May 18)
- Previously: Target stung by low traffic trend (May 18)
Wed, May 18, 6:48 AM
Wed, May 18, 6:46 AM
Fri, Mar. 11, 7:16 AM
- Citi Trends (NASDAQ:CTRN) reports comparable-store sales decreased 5% in Q4.
- Gross margin rate expanded 110 bps to 38.4%.
- SG&A expense rate grew 60 bps to 32.4%.
- Operating margin rate increased 40 bps to 3.3%.
- Inventory +4.5% to $$137.02M.
- Store count +13 Y/Y to 526.
Fri, Mar. 11, 6:47 AM
- Citi Trends (NASDAQ:CTRN): Q4 EPS of $0.24 misses by $0.07.
- Revenue of $176.06M (-2.8% Y/Y) misses by $4.54M.
Wed, Feb. 10, 7:05 AM
- Citi Trends (NASDAQ:CTRN) declares $0.06/share quarterly dividend, in line with previous.
- Forward yield 1.48%
- Payable March 15; for shareholders of record March 1; ex-div Feb. 26.
Thu, Jan. 7, 10:14 AM
- A large number of retail stocks are defying the global market sell-off to put in strong gains.
- The unexpected strength follows a few store chains reporting solid holiday sales growth, headlined by L Brands with a stellar 8% comp. The underlying story behind the good read may be that $2 gas prices are helping to feed consumer spending at U.S. store chains.
- Gasbuddy.com forecasts gas prices will stay low in the U.S. for all of 2016.
- Notable gainers include Wal-Mart (WMT +2%), Target (TGT +1%), Gap (GPS +2.3%), Fred's (FRED +1.2%), Express (EXPR +1.1%), American Eagle Outfitters (AEO +1.6%), Tilly's (TLYS +2.3%), Urban Outfitters (URBN +4%), TJX Companies (TJX +0.6%), Ross Stores (ROST +1.6%), Kohl's (KSS +2%), Stein Mart (SMRT +4.4%), Citi Trends (CTRN +1.7%), Buckle (BKE +4.8%).
- Related ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, FXD, FDIS, RHS, FSTA, RCD, PMR, BITE
Dec. 9, 2015, 10:42 AM
- Urban Outfitters (NASDAQ:URBN) is up 7.8% to lead the pack of mall retailer stocks that are rallying with some vigor.
- While the sector is seen benefiting from $2 gas prices at the pump, and some analysts have called valuation at reasonable levels - it could be the tamping down of promotional activity which is providing the optimism. Earlier today, Vera Bradley (VRA +30.4%) disclosed it took a hit on the top-line in order to keep margins intact.
- Notable movers include Gap (GPS +2.7%), Stage Stores (SSI +3.8%), Citi Trends (CTRN +1.9%), American Eagle Outfitters (AEO +2.8%), Buckle (BKE +2.9%), Nordstrom (JWN +1.6%), Abercrombie & Fitch (ANF +3.8%), Express (EXPR +2.3%), and Guess (GES +2.9%).
- Previously: Vera Bradley +19% after reducing promotions in FQ3 (Dec. 09 2015)
Nov. 24, 2015, 12:40 PM
Nov. 24, 2015, 6:46 AM
- Citi Trends (NASDAQ:CTRN): Q3 EPS of $0.04 misses by $0.01.
- Revenue of $158.94M (+1.4% Y/Y) misses by $7.26M.