Five Below states its CEO and President Joel Anderson has stepped down amidst suffering sales at the discountrate merchant catering to teenagers
ByANNE D’INNOCENZIO AP retail author
NEW YORK — Five Below stated Tuesday that its CEO and President Joel Anderson has stepped down inthemiddleof suffering sales at the discountrate merchant catering to teenagers.
The Philadelphia-based business, which hasactually been fumbling with slower costs by its lower-income buyers and increasing theft, likewise cut its monetary outlook for the present quarter.
Five Below stated veteran executive Kenneth Bull will serve as interim president and CEO, reliable instantly, while the board searches for a irreversible chief executive. Bull hasactually been with the business for almost 2 years, includi