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Citi Trends, Inc., a value-priced retailer of urban fashion apparel and accessories, has acquired a 286,500 square-foot distribution center in Darlington, SC. The company says it will initially create 75 jobs and will eventually increase that number to 200-250.
The new distribution center complements the company's two existing facilities in the Savannah area, where the Citi Trends is headquartered, that total approximately 240,000 square feet. The company operates 226 stores in 12 states in the South, Southeast, and Mid-Atlantic regions. Situated on over 90 acres, the Darlington distribution center is expected to support an additional 250 to 300 stores. While the company did not disclose the purchase price of the property, the cost of the property, including the costs of improvements and equipment, is estimated to total $3 million to $4 million. Citi Trends expects to begin receiving its first shipments in the new facility in December 2005 and will slowly build activity over the following several months to ensure a smooth start-up. �As our company has grown significantly over the last several years, we needed additional distribution capacity,� said Ed Anderson, CEO of Citi Trends. �We looked at 30-40 properties in South Carolina, Georgia, and Tennessee. The Darlington location was an ideal fit due to its location and a very favorable labor market. We look forward to being part of the Darlington County business community.�
Citi Trends is now on an aggressive growth track and the associates of Citi Trends are dedicated to carrying out the Company's mission of providing value priced, quality fashion in a clean, well maintained store with a friendly atmosphere. Citi Trends buyers source the world for quality fashion items at outstanding prices to provide value to its customers. The merchandising of "Everyday Low Prices" has Citi Trends Fashion for Less well positioned for continual growth and profitability. As of May of 2005 Citi Trends became a publicly traded company on the Nasdaq exchange with the symbol CTRN. �Citi Trends has come to learn what many companies already know � South Carolina is an excellent choice for distribution centers,� said Commerce Secretary Bob Faith. �We are pleased that this company has recognized our competitive advantages such as our business-friendly climate, quality-driven workforce, and our outstanding transportation network. Moving forward, we will do everything possible to enhance and promote our advantages, so that South Carolina will be even more successful in attracting companies from across many key sectors.� For more information about Citi Trends, visit www.cititrends.com. (Image provided by Citi Trends.)
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"Creating jobs in our rural areas--and in every other corner of the state -- has been a priority for this administration from day one. Today's news that Citi Trends is creating over 200 jobs in Darlington County is an important step forward on that front," said Governor Mark Sanford. "We're going to stay focused on making improvements to our underlying business climate to make South Carolina even more attractive to companies as they locate or expand."
