PR Newswire
NEW YORK, May 2, 2017
NEW YORK, May 2, 2017 /PRNewswire/ -- Macellum SPV III, LP, Macellum Advisors GP, LLC, and certain of their affiliates (collectively, "Macellum"), a large stockholder of Citi Trends, Inc. (NASDAQ: CTRN) (the "Company" or "Citi Trends") that has nominated two highly qualified candidates for election at the Company's upcoming annual meeting of stockholders, Jonathan Duskin and Paul Metcalf, today expressed its bewilderment by the Company's claims that it began a "strategic pivot" in 2012, under Executive Chairman Ed Anderson, which has dramatically improved the Company's performance. Macellum notes that a simple review of the facts clearly contradicts the Company's claims:
A full copy of Macellum's investor presentation and rebuttal presentation to the Company's investor presentation can be found on Macellum's dedicated website, www.fixcititrends.com.
Macellum urges stockholders to vote today on the WHITE proxy card to elect its two highly qualified nominees — Jonathan Duskin and Paul Metcalf — to the Board at the Company's upcoming annual meeting.
Investor Contact:
Jonathan Duskin
Macellum Capital Management, LLC
(212)-956-3008
Jduskin@macellumcap.com
John Ferguson
Saratoga Proxy Consulting LLC
(212) 257-1311 or (888) 368-0379
Info@saratogaproxy.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/macellum-mystified-by-citi-trends-incs-misleading-claims-of-a-strategic-pivot-and-improved-performance-files-investor-presentation-setting-the-record-straight-300449218.html
SOURCE Macellum Capital Management, LLC
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