C-Suite Moves: July updateWelcome 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. Five Below sales soar 19%; limiting self-checkout as shrink hits profitability Five Below is getting more aggressive when it comes to reducing shrink. 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. 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. Five Below to open 200-plus stores, convert 400 locations to higher-price format Five Below has laid out ambitious store plans for 2023. 1 2 Next Last
