Five Below names chief marketing officer, hints at ‘selective’ price adjustments

Quick Summary:

Jacob Hawkins is joining the company from Forever 21 as the discount retailer is looking at its core price points.

Five Below’s net sales rose nearly 12% year over year during Q1 of 2024, but comp sales fell by 2.3% from the prior year.

For the full year, net sales should range from $4.21 billion to $4.33 billion with the expectation of opening 150 new stores, while comps are forecast to range from flat to up 3%.

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Article Details

Author / Journalist: Nate Delesline III

Category: EconomyBusiness

Markets: United StatesChina

Topics: Chipman Reset Company Five Sales Stores Price Retailer Part Working Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-20 @ 11:46:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: retaildive.com

Language: English

Article Length: 607 words

Reading Time: 4 minutes read

Sentences: 27 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Retail Dive

News ID: 27221720

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