Updated: Wed, 12/26/2012 - 01:18

Best of 2012: Citi Trends changes leadership

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Citi Trends, the Savannah-based clothing retailer, altered its executive leadership team in 2012.

The company replaced President and CEO David Alexander with former CEO and current board chairman Ed Anderson and hired a new executive vice president and chief merchandising officer.

Jason Mazzola formerly held the same job for an Internet flash sales company. The VP position had been open since October.

“While the economic and industry environment remain difficult, I am excited to take on the challenge of leading Citi Trends,” Anderson said in a prepared statement.

“With the addition of Jason Mazzola, I believe that we have the team in place to deliver much improved sales and earnings. I feel great about our future,” he said.

The leadership changes come in the wake of a tumultuous 2011 for Citi Trends.

The company expanded its footprint by 50 stores and now boasts 511 stores in 29 states. The urban fashion apparel giant also opened a new distribution center in Oklahoma.

But Citi Trends also shuttered a Savannah distribution center at the cost of 107 employees, laid off another 40 in its corporate offices and saw its stock lose more than 60 percent of its value due to losses in the second and third quarters of the year.

Anderson formerly served as Citi Trends’ top boss between December 2001 and April 2009. He became chairman of the board in May 2006 and will continue to serve in that position.

Citi Trends is a discount retailer focused on urban-style fashions.

—Business in Savannah

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