Home / Knowledge / News / Apparel/Garments / Citi Trends announces leadership changes
Citi Trends announces leadership changes
Mar '15
Citi Trends, a value-priced retailer of urban fashion apparel, shoes, accessories and home décor, has recently announced leadership changes in the company.

According to a company statement, Ed Anderson is retiring as CEO, effective March 21, 2015. Jason Mazzola, currently serving as the executive vice president and chief merchandising officer, is upgraded as the president and chief executive officer, effective March 22, 2015 and has been appointed to the Board of Directors, effective immediately.

Additionally, Bruce Smith, who is currently the company’s executive vice president and chief financial officer, has been promoted as the chief operating officer, effective immediately.

Anderson will continue as an employee of the Company, serving as executive chairman of the Board, in order to provide for an orderly transition of the chief executive officer role. He will serve as the advisor and counsellor to Mazzola and will continue to serve as the chairman of the Company’s Real Estate Committee. Anderson will also provide broad oversight of the Company’s operations for the Board and Mazzola will report directly to him, according to reports.

Anderson said, “The successful turnaround of Citi Trends could not have been done without Jason Mazzola. He is an extraordinarily skilled merchant, leader and executive. He has earned this promotion and he will do well. Bruce has proven to be not only an outstanding CFO, but a well-respected leader. Jason and Bruce have the skills to lead our company and take it to new heights of success.”

Total sales of the company in the 52 weeks ended January 31, 2015, has increased 7.8 per cent to $670.8 million compared with $622.2 million in the 52 weeks ended February 1, 2014. Comparable store sales increased 7.5 per cent for the full year.

The Company had net income of $9.0 million, or $0.60 per diluted share, in fiscal 2014 compared with $0.5 million, or $0.03 per diluted share, in fiscal 2013.

Citi Trends opened eight stores, relocated or expanded six others, and closed two stores in fiscal 2014. The Company operates 513 stores located in 29 states. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Pic: Shutterstock

Textiles | On 18th Jun 2021

UK, US strike deal on Airbus-Boeing tariff dispute

The United Kingdom has struck a deal with the United States on the...

Pic: Shutterstock

Textiles | On 18th Jun 2021

Bangladesh can save $500 mn annually by recycling cotton waste: CFP

Bangladesh's garment industry can reduce its annual spending by $0.5...

Pic: Shutterstock

Textiles | On 18th Jun 2021

Prime Content| Caprolactam price in Chinese market to rise moderately in 2021: TexPro

Price of caprolactam in Chinese market is expected to rise moderately ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Blockchain is not a silver bullet for each and every problem in supply...

Textile Industry, Head honchos

Textile Industry
Head honchos

Multi-functional garments will be next big thing

Florian Heubrandner, Lenzing AG

Florian Heubrandner
Lenzing AG

Cannot see the world breaking away from cotton & polyester

Kurt Wedgwood,

Kurt Wedgwood

From design to raw material to fabrication and ultimately to delivery -...

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Ujjval Saraf,

Ujjval Saraf

Founded by Jimmy Lai, Giordano International Ltd, a Hong Kong based...

Karan Bose, Hula Global

Karan Bose
Hula Global

Hula Global, a leading isolation gown manufacturer in India, has been...

Michael Jaenecke, Messe Frankfurt

Michael Jaenecke
Messe Frankfurt

From May 14 to 17, international exhibitors will present the entire...

Johann-Philipp Dilo, Dilo Group

Johann-Philipp Dilo
Dilo Group

German company Dilo Group is one of the leading equipment suppliers of...

Sandeep Gonsalves & Sarah Gonsalves, Sarah & Sandeep

Sandeep Gonsalves & Sarah Gonsalves
Sarah & Sandeep

Established in 2012, Sarah & Sandeep is a luxury menswear label...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Anjali Bhaskar, Samatvam

Anjali Bhaskar

Anjali Bhaskar has an experience of 12 years in the fashion industry. She...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments

June 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search