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Five Below now open in Kentucky
After opening its first stores in Alabama this month, tween and teen retailer Five Below is taking Kentucky off its expansion list next, with new stores there opening this week.
"Entering Louisville is an important next step as we continue to grow our footprint across the country," said Joel Anderson, CEO of Five Below. "We're excited to serve new customers in this dynamic city. Kids and parents looking for a fun place to shop for trend-right, high quality products at a great value will surely enjoy Five Below."
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Burlington Stores beats Street with strong Q4; will open 25 net stores
Burlington, N.J. – Burlington Stores Inc. beat Wall Street expectations for earnings and sales in a strong fourth quarter of fiscal 2014. Reductions in store payroll and advertising helped drive a net income increase of 49% to $94.86 million, from $63.58 million.
Burlington Stores plans to open 25 net new stores in fiscal 2015.
Total revenue grew 10% to $1.5 billion from $1.34 billion. Same-store sales rose 6.7%