Five Below

Petco Names Former Five Below Chief Joel Anderson as CEO
Petco Names Former Five Below Chief Joel Anderson as CEO
July 17, 2024  |  Retail

Petco has named former Five Below CEO Joel D. Anderson as its new CEO and a member of its board of directors, effective July 29....

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Five Below CEO Steps Down as Comparable Sales Slip
Five Below CEO Steps Down as Comparable Sales Slip
July 16, 2024  |  Retail

Five Below has announced a leadership transition, with Joel Anderson stepping down from his roles of president and CEO, and from the board of directors,...

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Five Below: Comparable Sales Slip as Consumers Feel Inflation’s Impact
Five Below: Comparable Sales Slip as Consumers Feel Inflation’s Impact
June 05, 2024  |  Earnings

A pullback in spending by lower-income consumers led to a decline in comparable sales during the first quarter for Five Below. The value retailer’s comparable...

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East Asian Discount Retailers Expand Across US Amid Demand for Affordable Novelty
East Asian Discount Retailers Expand Across US Amid Demand for Affordable Novelty
April 08, 2024  |  Retail

Amid ongoing budget pressures, United States shoppers are seeking affordable ways to treat themselves, fueling demand for the novel but low-cost products that Japanese (and...

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Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
Retailers’ Self-Checkout Enthusiasm Dwindles Amid Elevated Theft
March 21, 2024  |  Retail

As retailers look for new ways to save on labor, the disadvantages of going all in on self-checkout are coming to light, with Five Below...

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Competition for Consumers’ Grocery Spending Heats up Among Discount Retailers
Competition for Consumers’ Grocery Spending Heats up Among Discount Retailers
December 13, 2023  |  Economy

After years of trade-down in grocery and discount retailers’ consequent efforts to woo consumers with their food and beverage offerings, the space has grown significantly...

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Five Below Says ‘Value and Fun’ Drive Better-Than-Expected Sales
Five Below Says ‘Value and Fun’ Drive Better-Than-Expected Sales
November 29, 2023  |  Retail

Specialty discount retailer Five Below said it is driving sales by offering customers both value and fun. The company has been finding “new, disruptive products at extreme...

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New Stores Drive Growth for Five Below 
New Stores Drive Growth for Five Below 
August 30, 2023  |  Earnings

In May, Five Below revealed its intentions to grow by leveraging Simon’s retail portfolio, which includes its Premium Outlets. This approach has been recognized as...

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Dollar Stores See Influx of Wealthy Consumers as Inflation Persists
Dollar Stores See Influx of Wealthy Consumers as Inflation Persists
June 20, 2023  |  Retail

For wealthier Americans, there’s no longer a stigma attached to shopping at the dollar store. That’s according to a report Monday (June 19) by The...

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