Five Below CEO Joel Anderson resigns

Retail Dive

Five Below CEO Joel Anderson has resigned, effective immediately, and has also left the board of directors “to pursue other interests,” the teen-focused retailer announced on Tuesday. Anderson had served as CEO for nearly a decade.

Telsey Advisory Group analysts, led by Joe Feldman, called the company’s recent performance “disappointing and choppy” in a Wednesday note. But they also said Bull is a good choice as interim leader, given his long tenure and deep understanding of Five Below’s business.

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