By  on March 15, 2017
The home page from Citi Trends' website.

Activist investor Macellum Capital Management stepped up its attack against the board of Citi Trends Inc. and clarified past discussions with the company.

Last week, the fund group sent a letter to the retailer’s board of directors stating that it had nominated four director candidates for election at the firm’s 2017 annual meeting of shareholders on May 24. The letter spoke about Macellum’s concern over the retailer’s “prolonged” underperformance, board oversight and corporate governance issues.

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