Five Below, Inc. (Nasdaq: FIVE), the trend-right,
extreme-value brand for tweens, teens and beyond, announced
that Mimi E. Vaughn has been appointed an independent member
of its Board of Directors, effective today.
"Mimi is an accomplished retail executive and we are thrilled to
welcome her to our Board of Directors," said Tom Vellios,
Non-Executive Chair of the Board of Five Below. "Her extensive
experience as a leader in specialty retail further strengthens our
Board and will be an asset to Five Below as we continue our rapid
growth.”
Joel Anderson, Five Below’s CEO and President said, “Mimi is a
dynamic leader who has firsthand experience leading a multi-brand
specialty retailer with a significant focus on the teen customer.
Having held a variety of leadership roles across strategy, finance
and operations, Mimi has played an enormous part in the growth and
success of Genesco and its brands over her 20 year tenure. We look
forward to benefiting from her experience and insights as she joins
our Board.”
Ms. Vaughn brings more than 20 years of leadership experience in
specialty retail. She is currently President, Chief Executive
Officer and Chair of the Board of Genesco Inc. (NYSE: GCO), the
parent company of teen retail leader Journeys. Ms. Vaughn joined
Genesco in September 2003 as vice president of strategy and
business development. She was named senior vice president, strategy
and business development in October 2006, senior vice president of
strategy and shared services, including information technology and
human resources, in April 2009 and senior vice president – finance
and chief financial officer in February 2015. In May 2019, Ms.
Vaughn was named senior vice president and chief operating officer
and continued to serve as senior vice president-finance and chief
financial officer until her successor was appointed in June 2019.
In October 2019, Ms. Vaughn was appointed to become president and
chief executive officer of the Company on February 2, 2020 and was
appointed as a director effective October 30, 2019. Prior to
joining the Company, Ms. Vaughn was executive vice president of
business development and marketing, and acting chief financial
officer from 2000 to 2001, for Link2Gov Corporation in Nashville.
From 1993 to 1999, she was a consultant at McKinsey & Company
in Atlanta.
"Five Below is one of the fastest growing specialty retailers in
the world, delivering a very unique, extreme value and fun shopping
experience to tweens, teens and beyond," said Ms. Vaughn. “I
look forward to leveraging my diverse background leading a teen
focused brand and supporting Joel and the talented management team
at Five Below as they continue their amazing growth.”
About Five Below:Five Below is a leading
high-growth value retailer offering trend-right, high-quality
products loved by tweens, teens and beyond. We believe life is
better when customers are free to "let go & have fun" in an
amazing experience filled with unlimited possibilities. With most
items priced between $1 and $5, and some extreme value items priced
beyond $5 in our incredible Five Beyond offering, Five Below makes
it easy to say YES! to the newest, coolest stuff across eight
awesome Five Below worlds: Style, Room, Sports, Tech, Create,
Party, Candy and New & Now. Founded in 2002 and headquartered
in Philadelphia, Pennsylvania, Five Below today has over 1,400
stores in 43 states. For more information, please
visit www.fivebelow.com or find Five Below on Instagram,
TikTok, X and Facebook @FiveBelow.
Forward-Looking Statements:This news release
includes forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995 as contained in
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934, which reflect management's current
views and estimates regarding the Company's industry, business
strategy, goals and expectations concerning its market position,
future operations, margins, profitability, capital expenditures,
liquidity and capital resources, store count potential and other
financial and operating information. Investors can identify these
statements by the fact that they use words such as "anticipate,"
"assume," "believe," "continue," "could," "estimate," "expect,"
"intend," "may," "plan," "potential," "predict," "project,"
"future" and similar terms and phrases. The Company cannot assure
investors that future developments affecting the Company will be
those that it has anticipated. Actual results may differ materially
from these expectations due to risks related to disruption to the
global supply chain, risks related to the Company's strategy and
expansion plans, risks related to disruptions in our information
technology systems and our ability to maintain and upgrade those
systems, risks related to the inability to successfully implement
our online retail operations, risks related to cyberattacks or
other cyber incidents, risks related to our ability to select,
obtain, distribute and market merchandise profitably, risks related
to our reliance on merchandise manufactured outside of the United
States, the availability of suitable new store locations and the
dependence on the volume of traffic to our stores, risks related to
changes in consumer preferences and economic conditions, risks
related to increased operating costs, including wage rates, risks
related to inflation and increasing commodity prices, risks related
to potential systematic failure of the banking system in the United
States or globally, risks related to extreme weather, pandemic
outbreaks, global political events, war, terrorism or civil unrest
(including any resulting store closures, damage, or loss of
inventory), risks related to leasing, owning or building
distribution centers, risks related to our ability to successfully
manage inventory balance and inventory shrinkage, quality or safety
concerns about the Company's merchandise, increased competition
from other retailers including online retailers, risks related to
the seasonality of our business, risks related to our ability to
protect our brand name and other intellectual property, risks
related to customers' payment methods, risks related to domestic
and foreign trade restrictions including duties and tariffs
affecting our domestic and foreign suppliers and increasing our
costs, including, among others, the direct and indirect impact of
current and potential tariffs imposed and proposed by the United
States on foreign imports, risks associated with the restrictions
imposed by our indebtedness on our current and future operations,
the impact of changes in tax legislation and accounting standards
and risks associated with leasing substantial amounts of space. For
further details and a discussion of these risks and uncertainties,
see the Company's periodic reports, including the annual report on
Form 10-K, quarterly reports on Form 10-Q and current reports on
Form 8-K, filed with or furnished to the Securities and Exchange
Commission and available at www.sec.gov. If one or more of
these risks or uncertainties materialize, or if any of the
Company's assumptions prove incorrect, the Company's actual results
may vary in material respects from those projected in these
forward-looking statements. Any forward-looking statement made by
the Company in this news release speaks only as of the date on
which the Company makes it. Factors or events that could cause the
Company's actual results to differ may emerge from time to time,
and it is not possible for the Company to predict all of them. The
Company undertakes no obligation to publicly update any
forward-looking statement, whether as a result of new information,
future developments or otherwise, except as may be required by any
applicable securities laws.
Investor Contact:Five Below, Inc.Christiane
Pelz215-207-2658investorrelations@fivebelow.com
Genesco (NYSE:GCO)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Genesco (NYSE:GCO)
Gráfica de Acción Histórica
De May 2023 a May 2024