Citi Trends Inc. said Chief Executive Jason Mazzola has resigned after two years in the position, and five years at the company, according to his LinkedIn profile. The Georgia-based apparel retailer said Mazzola resigned to "pursue another opportunity." The company named Chief Financial Officer and Chief Operating Officer Bruce Smith as acting CEO until a permanent replacement can be found, and named Ed Anderson as executive chairman. Citi Trends stock, which was still inactive in premarket trade, has lost 2.6% year to date, while the SPDR S&P Retail ETF has shed 7.2% and the S&P 500 has gained 4.9%.
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