Citi Trends
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Citi Trends - overview
Established
1946
Location
Savannah, GA, US
Primary Industry
Consumer Products
About
Citi Trends specializes in retailing apparel, accessories, and home goods at competitive prices, catering to value-conscious consumers across the United States. Founded in 1946 and headquartered in Savannah, US, Citi Trends focuses on providing affordable fashion and home goods. The company has undergone strategic changes to enhance its product offerings and retail presence, aiming to serve diverse demographics. David Makuen currently leads the company as CEO.
Citi Trends operates independently without known parent companies or subsidiaries and has engaged in 3 significant deals over its history. Citi Trends offers a diverse selection of apparel, accessories, and home goods, including clothing for women, men, and children, as well as home décor items like bedding and kitchenware. The company targets budget-conscious consumers, providing trendy and stylish products designed to enhance both personal style and living spaces at affordable prices. In the most recent fiscal year, Citi Trends generated revenue of USD 753.
08 mn, with an EBITDA of USD -20. 67 mn. The company's revenue comes primarily from direct sales in over 600 retail stores across the United States, emphasizing a straightforward purchasing experience for consumers. Citi Trends aims to expand its product range and is exploring new markets for growth.
The company plans to leverage recent funding from Mtn Capital Partners, details of which remain undisclosed, to support these initiatives. Specific upcoming products and geographic expansion plans have not been publicly disclosed, but the focus is on increasing market presence and enhancing product offerings.
Current Investors
Hampshire Equity Partners, MTN Capital Partners
Primary Industry
Consumer Products
Sub Industries
Consumer Products, Consumer Services
Website
www.cititrends.com
Company Stage
Mature
Total Amount Raised
Subscriber access only
Citi Trends - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| IPO | Completed | Citi Trends | - | ||||||||
| Buyout | Completed | Citi Trends | - | ||||||||
| Buyout | Completed | Citi Trends | - |
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