Citi Trends monitors Covid-19 situation to re-open stores

Citi Trends, a value-priced retailer of fashion apparel, has announced that the company continues to monitor Covid-19 situation daily and is evaluating plans and timing for the reopening stores and distribution centres, which have been closed for approximately six weeks. Past weekend, company’s stores in Arkansas have reopened with reduced operating hours.

 

Citi Trends, a value-priced retailer of fashion apparel, has announced that the company continues to monitor Covid-19 situation daily and is evaluating plans and timing for the reopening stores and distribution centres, which have been closed for approximately six weeks. Past weekend, company's stores in Arkansas have reopened with reduced operating hours.#

At Citi Trends, the health, safety and well-being of employees, customers and the communities it serves remains the highest priority. With this focus in mind and in accordance with guidelines from the Centers for Disease Control and Prevention (CDC) and the Occupational Safety and Health Administration (OSHA) any reopening of company stores and facilities will include operating with enhanced health, sanitation, safety and social distancing guidelines for the safety and protection of our employees and customers.

 

Citi Trends, a value-priced retailer of fashion apparel, has announced that the company continues to monitor Covid-19 situation daily and is evaluating plans and timing for the reopening stores and distribution centres, which have been closed for approximately six weeks. Past weekend, company's stores in Arkansas have reopened with reduced operating hours.#

The company intends to reopen stores and its centres as soon as practical and when it is deemed safe to do so based on state and local orders in the respective markets. The company expects the timing for the reopening of its stores to be phased-in over a period of time and largely dependent on state and local orders.

 

Citi Trends, a value-priced retailer of fashion apparel, has announced that the company continues to monitor Covid-19 situation daily and is evaluating plans and timing for the reopening stores and distribution centres, which have been closed for approximately six weeks. Past weekend, company's stores in Arkansas have reopened with reduced operating hours.#

"This situation continues to be very fluid, but we are quickly ramping up our ability to safely resume operations across our chain. We are encouraged by early results in Arkansas and more than anything, our associates are excited to be back at work serving our customers for their apparel, accessory and home needs. As we begin to reopen many stores throughout May and June based on applicable state and local guidance, we will continue to prioritize the health and safety of our employees and customers," David Makuen, CEO of Citi Trends, said in a press release.

 

Citi Trends, a value-priced retailer of fashion apparel, has announced that the company continues to monitor Covid-19 situation daily and is evaluating plans and timing for the reopening stores and distribution centres, which have been closed for approximately six weeks. Past weekend, company's stores in Arkansas have reopened with reduced operating hours.#

The company is also continuing to proactively manage its business with a goal to increase financial flexibility and preserve cash flow in the current environment. The company announced that it is extending for an additional sixty days the furlough of substantially all of its store and distribution centre personnel and a portion of its corporate staff, in light of the continued interruption of its business operations. However, the company expects to bring back many of its furloughed employees in the coming weeks as its stores and distribution centres begin to reopen. The company will continue to pay for medical benefits for covered furloughed associates through June 30, 2020 and assist all associates with information about available resources.