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Citi Trends Inc

For the period ended Feb 1, 2025. Filed Apr 16, 2025.

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About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Apr 16, 2025

CTRN$46.50+3.3%Stored close · as of Nov 9, 2026

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Contents

Item 2. Properties

Store Locations

As of February 1, 2025, we operated 591 stores located in 33 states. Our stores average approximately 11,000 square feet of selling space and are typically located in outdoor community shopping centers that are convenient to mid- to low-income African American customers.

We have no franchising relationships, and all of the stores are company operated. All existing 591 stores, totaling 7.9 million total square feet and 6.5 million selling square feet, are leased under operating leases. The typical store lease is for five years with options to extend the lease term for three additional five-year periods. Nearly all store leases provide us the right to cancel following an initial three-year period in the event the store does not meet pre-determined sales levels. The table below sets forth the number of stores in each of the 33 states in which we operated as of February 1, 2025:

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Alabama35
Arkansas15
California7
Connecticut5
Delaware3
Florida50
Georgia60
Illinois25
Indiana18
Iowa3
Kansas2
Kentucky7
Louisiana34
Maryland9
Massachusetts5
Michigan23
Minnesota2
Mississippi30
Missouri8
Nebraska1
Nevada3
New Jersey2
New York12
North Carolina47
Ohio30
Oklahoma6
Pennsylvania9
Rhode Island1
South Carolina41
Tennessee17
Texas56
Virginia19
Wisconsin6

Corporate Offices and Distribution Center Facilities

We own a facility in Savannah, Georgia which serves as our headquarters and, to a lesser extent, as a storage facility. In addition, we currently lease office space in New York City.

We lease and operate two distribution centers, one in Darlington, South Carolina totaling approximately 550,000 square feet, and another in Roland, Oklahoma totaling approximately 565,000 square feet.

We believe our facilities are suitable and adequate to meet our current business and operational needs.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.