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BRIEF-Macellum comments on settlement discussions with Citi Trends

March 15 Macellum Capital Management:

* Macellum Capital Management says comments on settlement discussions with Citi Trends

* Macellum Capital - "Citi Trends board refused to commit to appointment of any new directors to board, including Macellum's nominees"

* Macellum Capital Management - Citi Trends "demanded that Macellum agree to a non-market, two year standstill"

* Macellum Capital - "Macellum was willing to agree to a two year standstill if board would commit to achievement of meaningful performance targets" Source text for Eikon: Further company coverage:

我们的标准: 汤森路透“信任原则

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