Five Below plans to hit gold in California
May 1, 2017
The teen and tween retailer, which sells everything in its stores for $5 or less, is opening 12 stores a month in Southern California. Joel Anderson, CEO of Five Below, expects California to be the chain’s biggest market when all is said and done. The company plans to grow its overall business from roughly 550 stores to around 2,000 locations.
Recent News
Shopify’s Stock Plummets 19% After Earnings Report
Shopify, the Canadian e-commerce company, faced a significant drop in its stock value after releasing its first-quarter results.
Peloton Stocks Soar 14% Amidst Potential Private Equity Buyout
Peloton has been struggling since the pandemic ended. Now, it may be getting a reprieve.
Panera Halts Sales of ‘Charged Sips’ at Heart of Lawsuits
Panera’s Charged Sips allegedly caused two deaths, and now they’re being pulled from the chain’s menus.
Rivian’s Losses Reach $1.45 Billion Amid Ongoing Cost-Reduction Efforts
In the first quarter, Rivian reported a loss of $1.45 billion, showing that its recent efforts to cut costs across the company will need further progress before turning over profits.