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Five Below bullish as Q2 profit, sales beat the Street
The spinner craze helped propel Five Below in its second quarter, as the teen and tween value-retailer turned in an exceptionally strong performance that topped expectations. Revenue rose 28.7% to $283.3 million in the quarter ended July 29, topping analysts' estimates of $276.6 million. Same-store sales jumped 9.3%, the highest since the chain's IPO in June 2012. -
Roots, Yorkdale Shopping Centre, Toronto
Roots has debuted a new experiential format that brings the iconic Canadian sportswear brand's heritage to life. Roots' founders, Michael Budman and Don Green, are passionate about the outdoors, camping and Canada, and all three are reflected in the brand's new 5,100-sq.-ft. store, at Yorkdale Shopping Centre in Toronto. The design of the space alludes to an open, modern cabin that showcases Roots' heritage and culture.

