Five Below

Discount Retailers, Dollar Stores May Show Both Consumer Spending and Pulling Back
Discount Retailers, Dollar Stores May Show Both Consumer Spending and Pulling Back
December 02, 2024  |  Retail

The paycheck-to-paycheck retail economy is a mixed bag these days, with both opportunities and challenges. Officials at Burlington Stores are excited about the new store...

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Five Below Refocuses on Core Customers Amid Strategic Overhaul
Five Below Refocuses on Core Customers Amid Strategic Overhaul
September 05, 2024  |  Earnings

Five Below, the discount retailer that first opened its doors in 2002, is navigating a period of introspection and realignment. Founded by David Schlessinger and...

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Kohl’s, Burlington, Five Below and Dollar General Pivot as Consumers Seek Deals
Kohl’s, Burlington, Five Below and Dollar General Pivot as Consumers Seek Deals
August 29, 2024  |  Earnings

The financial results for four major retailers — Kohl’s, Burlington Stores, Dollar General and Five Below — in the second quarter of 2024 highlighted a range...

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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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