Five Below sales soar 19%; limiting self-checkout as shrink hits profitabilityFive 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. Coach parent Q4 earnings, revenue miss amid softer U.S. demand Tapestry reported weaker-than-expected fourth-quarter earnings and revenue days after it announced a big acquisition. Coach parent company in $8.5 billion deal to acquire three luxury brands Tapestry has entered into a deal that will create a U.S. luxury fashion powerhouse. Five Below names CFO Five Below has found its new finance head. Five Below on track to open 200-plus stores; convert 400 stores to new format Five Below is continuing its aggressive expansion even as its customers face “multiple macro headwinds. Five Below expands deal with Simon to open more stores — here’s where Five Below is expanding its outlet center footprint. Five Below to open 200 stores as it widens location strategy; to remodel 400 stores Five Below is not backing down from its aggressive expansion even as it warns of the “uncertainty of the macroeconomic” environment. Five Below on hunt for a new CFO Five Below has promoted a 17-year company veteran. First Previous 2 3 4 Next Last
