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, to pursue other interests. The retailer has appointed its chief operating officer, Kenneth Bull, as interim president and CEO, and...
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 sales decreased 2.3% during the quarter ended May 4, compared to the same period a year earlier, Five Below said...
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 Japanese-style) discount stores have to offer. Japanese value chain Daiso opened its latest U.S. location in Austin, Texas, Saturday (April 6), part of its...
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 the latest to pull back on the technology. The discount retailer, which targets Gen Z and Gen Alpha consumers and...
July 17, 2024
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. This announcement from the pet care retailer comes a day after Five Below said that it had begun a leadership transition, with Anderson stepping down from his roles of president […]
July 16, 2024
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, to pursue other interests. The...
June 05, 2024
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 sales decreased 2.3% during the...
November 29, 2023
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 value” and promoting them through...
