Citi Trends loss widens in Q3

Savannah, Ga. -- Citi Trends reported Tuesday a loss of $6.8 million in the third quarter, compared with a loss of $0.4 million a year earlier.

Sales increased 2.2% to $143.1 million, from $140 million. Same-store sales decreased 9.3%.

The company opened 26 stores, relocated or expanded four others and closed one store in the third quarter.