Five Below Still Plans to Open Over 100 Stores This Year
Five Below (NASDAQ: FIVE) isn't scrapping its aggressive growth plans. As part of a reopening update, the retailer said on Friday that it expects to open between 100 and 120 new locations in fiscal 2020, even as the wider industry struggles through traffic challenges due to COVID-19.
"We are thrilled to be in a position to have reopened over 75% of our stores," CEO Joel Anderson said, "and to have resumed our new store program."
Image source: Getty Images.
Source Fool.com
