Citi Trends Announces the Addition of a Chief Merchandising Officer and a New Member of the Board of Directors
September 30 2019 - 4:05PM
Business Wire
Citi Trends, Inc. (NASDAQ: CTRN) today announced that it has
hired Lisa Powell as Executive Vice President and Chief
Merchandising Officer. Ms. Powell will oversee the merchandising,
planning and allocation functions of the Company. She has extensive
off-price retail experience, serving TJX, Inc. for 20 years in
various merchandising and planning/allocation positions, including
Vice President & General Merchandise Manager, Ladies
Sportswear. More recently, Ms. Powell has served for the last five
years as Vice President & General Merchandise Manager, Mens and
Ladies Omni Channel, of Century 21 Department Stores.
Bruce Smith, President and Chief Executive Officer, commented,
“We are extremely pleased that Lisa is joining our team to lead our
merchandising, planning and allocation efforts. Her vast off-price
experience will be an excellent fit with Citi Trends, and we look
forward to her leadership as we maintain our focus on growing our
Company and delivering value for our customers, associates and
shareholders.”
In addition, Citi Trends announced that Ken Seipel is joining
the Company’s Board of Directors. Mr. Seipel has a strong track
record helping grow privately held retail companies, as well as
Fortune 500 brands. He is currently the Chief Executive Officer of
West Marine, Inc., and prior to that from 2013 to 2017, as CEO, he
led the rapid growth of extreme value off-price retailer, Gabriel
Brothers Inc., d.b.a. “Gabe’s”. Under his leadership, sales doubled
and profits tripled, leading to a successful high-return exit
transaction for Gabe’s majority private equity owner at the time.
Prior to that, he held executive positions with retail
organizations that include Old Navy, Target and J.C. Penney.
About Citi Trends
Citi Trends, Inc. is a value-priced retailer of urban fashion
apparel and accessories for the entire family. The Company operates
564 stores located in 33 states. Citi Trends’ website address is
www.cititrends.com. CTRN-G
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Bruce Smith President and
Chief Executive Officer (912) 443-2075
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