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Citi Trends hires Lisa Powell as EVP and CMO

Oct '19
Pic: Citi Trends
Pic: Citi Trends
Citi Trends has hired Lisa Powell as executive vice president (EVP) and chief merchandising officer (CMO). She will oversee merchandising, planning and allocation functions of the company. She has extensive off-price retail experience serving TJX for 20 years in various merchandising and planning/allocation positions including VP & general merchandise manager.

More recently, Powell has served for the last five years as vice president & general merchandise manager, mens' and ladies' omni-channel, of Century 21 department stores.

"We are extremely pleased that Powell 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," said Bruce Smith, president and chief executive officer, Citi Trends.

In addition, Citi Trends announced that Ken Seipel is joining the company's board of directors. 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. 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 organisations that include Old Navy, Target and JC Penney.

Citi Trends is a value-priced retailer of urban fashion apparel and accessories for the entire family.

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