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Five Below said Tuesday that its CEO and President Joel Anderson has stepped down amid languishing sales at the discount retailer catering to teens. The Philadelphia-based company, which has been ...
In 2014, Joel Anderson was appointed CEO. [19] 2016 sales were $1 billion, 2017 sales were $1.3 billion, and 2022 sales reached $3.08 billion. [20] [21] On July 16, 2024, Five Below announced Joel Anderson had resigned from his roles as president and CEO to pursue other interests. [22] Following his departure, Five Below's shares fell by 25%. [23]
Five Below parted ways with longtime president and CEO Joel Anderson in July. With negative comps slowing the rapidly expanding chain, it needed a fresh approach to get back on track.
Back in July, Five Below's sales were slumping and longtime CEO Joel Anderson abruptly resigned, which led to a sharp drop in Five Below's stock price. Today, investors are encouraged with Winnie ...
Joel Anderson (born February 11, 1960) is an American politician serving as a member of the San Diego County Board of Supervisors. A Republican , he is a former California state senator , assemblyperson , and board member of a municipal water district .
On September 10, 2024 Petco revealed Joel Anderson as its new CEO during the company's second-quarter earnings call. Anderson is formerly the CEO of Five Below and a senior executive at Walmart. [ 76 ]
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Five Below reported an operating loss of $0.6 million in the fiscal third quarter after generating $16.1 million in operating income in the year-ago period. For what it's worth, the leadership ...