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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