News

New York City — NEOM Wellbeing, the UK’s award-winning wellbeing brand renowned for its 100% natural fragrances, has officially opened its first U.S. retail store in New York City. The debut “Wellbeing Hub” is located on Bleecker Street in the West Village. Expanding from its UK roots, as well as across a portfolio of freestanding Wellbeing Hubs, the British-born brand will add the ‘city that never sleeps’ to its growing roster. The 481-square-foot Wellbeing Hub, located at 395 Bleecker St., has been designed as a sanctuary to escape the city, …

Philadelphia — Extreme value retailer Five Below, Inc. has appointed Kenneth Bull as interim president and chief executive officer, effective immediately, following the resignation of Joel Anderson. Anderson has stepped down from his roles of president and CEO, and from the board of directors, to pursue other interests. Thomas Vellios, co-founder, non-executive chairman and former CEO, is assuming the role of executive chairman on an interim basis to support Bull and the executive leadership team in the transition while the board conducts a comprehensive search for a permanent CEO. “I …

London — Joshua Schulman has been appointed to replace Jonathan Akeroyd as the chief executive officer of London-based luxury retail brand Burberry.  Schulman will assume his new role on July 17, leading the executive committee and reporting to Chair Gerry Murphy and the Board of Directors.  Akeroyd’s departure comes following the publication of the company’s earnings release earlier this week. In the press release issued by Burberry, the brand’s first quarter performance is described as “disappointing” by Murphy, with sales declining 20 percent on a year-over-year basis.  CNN reports that Burberry has …