Five Below taps Forever 21 leader as CEO; Q3 sales rise 14.7%, income dropsFive Below has ended its search for a chief executive. JLL: U.S. remains a top luxury market, brands favor malls, prime corridors Despite economic uncertainty, the United States remains a top global luxury market. C-Suite Moves: July update Welcome to C-Suite Moves, Chain Store Age’s monthly roundup of the top C-suite moves across the retail industry. Five Below CEO Joel Anderson departs amid weak sales; interim chief named The chief executive of Five Below has departed the company after serving nearly 10 years in the role. Luxury shakeup as Burberry taps American retail exec as its new CEO The chief executive of U.K.-based luxury retailer Burberry has departed the company after serving in the role a little more than two years. Parent company of Saks to acquire Neiman Marcus in blockbuster deal HBC, the Canadian parent company of Saks Fifth Avenue, Hudson’s Bay and other brands, is adding another retailer to its portfolio. Michael Kors is first to deploy Mastercard’s AI-powered shopping assistant Michael Kors is the first retailer to utilize a next-generation customer assistant from Dynamic Yield, a Mastercard company. Five Below sales soar 19%; limiting self-checkout as shrink hits profitability Five Below is getting more aggressive when it comes to reducing shrink. Coach parent Q2 tops Street; mega-deal on track for 2024 close Tapestry reported record second-quarter revenue that exceeded its estimates, largely due to a strong performance by its biggest brand, Coach. Five Below sales up 15.2%; opening 200 stores; cuts guidance amid shrink increase Five Below delivered second-quarter results in line with its guidance on the top and bottom line and, similar to many other retailers, warned of shrink increases. First Previous 1 2 3 4 Next Last
