Five Below CEO sees an upside to higher prices
June 7, 2021
Concern over rising prices has some questioning whether consumers will cut back purchases or force retailers to cut margins. Five Below CEO Joel Anderson sees an upside. “As far as inflation goes…I think it’s an advantage for a value retailer like us,” said Mr. Anderson, who believes that “value” pricing will become more important as prices rise.
Recent News
Apple’s Record-Breaking $110B Stock Buyback
Apple Inc., one of the world’s largest tech companies, has just made history with the largest stock buyback ever seen in the United States. The announcement comes as the tech giant’s board approved an additional $110 billion in share repurchases.
Moderna COVID-19 Vaccine Sales Drop 91%
Moderna’s only product is the vaccine that became popular during the pandemic.
Norwegian Cruise Line: No Clothes, No Problem on ‘The Big Nude Boat’
Clothing-optional vacations from Norwegian Cruise Line will start next year.
Sony and Apollo Express Interest in $26B Paramount Buyout Amid Skydance Merger Talks
Sony Pictures and Apollo Global Management have sent a letter to the Paramount Global board showing their interest in buying the company for around $26 billion.