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Five Below

Newspeopleretailers

Five Below, Inc. Names CFO and Treasurer

by Katie Lee

Philadelphia — Five Below, Inc. has named Kristy Chipman as chief financial officer and treasurer, effective July 17, 2023; she will report to Joel Anderson, president and CEO. Chipman succeeds Ken Bull, who recently assumed the role of chief operating officer of Five Below. Most recently, Chipman was executive vice president, CFO and COO at Ruth’s Chris Hospitality Group. Chipman will lead the company’s finance and accounting organization, overseeing SEC reporting and financial operations, financial planning & analysis, investor relations, internal audit, enterprise risk management, tax and treasury and serve …

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Newspeopleretailers

Five Below Promotes CFO to COO

by Katie Lee

Philadelphia — Five Below, Inc. has promoted Kenneth Bull, chief financial officer and treasurer, to the role of chief operating officer. The company will conduct a search for a new chief financial officer, and Bull will continue to serve in this role until a new CFO is appointed. “During his 17-year tenure with Five Below, including 11 years as chief financial officer, Ken deftly led our 2012 transition into a public company, successfully developed our finance function and team, and instilled a culture of discipline across the organization with an …

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Newsretailers

Five Below Reopens 75% of its Stores

by Katie Lee

Philadelphia — Five Below, Inc., an extreme-value retailer for tweens, teens and beyond, has reopened 75% of its 900+ store fleet. In addition to reopening over 700 stores since April 21, Five Below has opened 40 brand new stores so far in 2020 and continues to expect to open 100 to 120 new stores this year. “We are thrilled to be in a position to have reopened over 75% of our stores with strict health and safety protocols implemented, and to have resumed our new store program,” says Joel Anderson, …

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Newsretailers

Five Below Plans to Open 180 Stores in Fiscal Year 2020

by Katie Lee

Philadelphia — Five Below Inc. plans to open 180 stores this year, which would grow the Philadelphia-based retailer’s footprint by 20%. The announcement came during the company’s fourth-quarter earnings call. Specific plans for the openings were not disclosed. At the same time, Joel Anderson, president and CEO of Five Below, said the company also acquired the e-commerce platform, fulfillment operation and certain other assets of Hollar.com.   SOURCE: Five Below, Inc.  

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