Citi Trends Announces Temporary Reduction in Store Hours Due to Coronavirus and Withdraws Guidance

Staff Report From Savannah CEO

Friday, March 20th, 2020

Citi Trends, Inc. announced that in response to the COVID-19 (coronavirus) outbreak, it will temporarily reduce store hours for all of its retail stores beginning Thursday, March 19, 2020. The Company’s retail stores will operate during the following times until further notice:

12:00 p.m. to 7:00 p.m. – Monday through Saturday

12:00 p.m. to 6:00 p.m. – Sunday

Hours may vary by location, and certain locations have been closed temporarily to comply with state and local regulations and guidelines. The Company will continue following other state and local-mandated shutdowns as they arise.

The Company also announced that due to the continued uncertainty surrounding the COVID-19 outbreak and its overall impact on the Company’s business operations, it is withdrawing its first-quarter and fiscal year 2020 financial guidance it issued on March 13, 2020. The Company is not providing any updated guidance at this time.