C-Suite Moves: March update Here are the major C-suite changes that occurred in March, in the order they were announced. (All changes have already taken effect unless otherwise noted.) Five Below to open 150 stores, names marketing chief; focusing on core price points Five Below reported fourth-quarter earnings that topped Street estimates, offered a mixed outlook going forward and said it is returning its focus to its $5-and-under price points. Five Below taps Forever 21 leader as CEO; Q3 sales rise 14.7%, income drops Five 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. First Previous 1 2 3 4 Next Last
