The value retailer Citi Trends remains bullish store growth and upgrading its in-store experience.

The value retailer of urban fashion apparel, accessories and home goods, primarily for African American and Latinx families opened 27 new stores and remodelled 25 stores in 2021. It plans to open 35 stores this year and continue its remodelling initiative. Citi Trends ended the year with 609 stores. Its three-year plan calls for the opening of 100 new stores and the remodelling of at least 150 locations by the end of fiscal 2023.

“We closed out a strong year for Citi Trends with meaningful progress on our transformation strategies,” stated CEO David Makuen. “We grew our top line, expanded gross margin, leveraged expenses and opened 27 new stores and remodelled 25 stores during the year. These results, coupled with our share repurchase program, increased our earnings per share for fiscal 2021 by nearly 400% compared to fiscal 2019.”