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18.06.2020 18:37:20

3 Ways Five Below Is Playing Offense

Before the COVID-19 outbreak shut down retailers in the U.S., Five Below (NASDAQ: FIVE) was on pace to deliver another quarter of strong growth. But the store closures took a heavy toll, with sales down 45% during the fiscal first quarter (which ended May 2). While management was forced to play defense for part of the quarter to deal with the crisis, Five Below "quickly got back to playing offense" to position for a return to growth, as CEO Joel Anderson discussed on the conference call.Here are three ways Five Below is positioning for long-term growth during this crisis.Continue reading
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