Retail

Five Below CEO says retailer is well positioned to handle inflation

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Five Below CEO Joel Anderson told CNBC on Monday that the discount retailer is well positioned to handle inflationary pressures during the pandemic economic recovery.

“As inflation emerges, we can approach it both ways: either with moving the top-line retail or else creating more value for our customers,” Anderson said in an interview on “Closing Bell.”

The company’s relatively new category called Five Beyond — in which some products are for sale above $5 — represents one response to price pressures, Anderson said.

“If you’d asked me that a couple years ago, I would have probably said, ‘You know, that’s a challenge.’ But since then, we’ve launched Five Beyond,” said Anderson, who has…



Source cnbc.com

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