FIVE Below has confirmed price tests at select stores nationwide. The discount retailer detailed the update in its earnings call on Wednesday. Five Below is testing price changes at a few of its store locationsGetty Joel D Anderson, CEO and President of Five Below, noted shoppers were becoming more careful with their spending amid the current cost of living and inflation rates. He explained that “the customer is looking for value” and the brand is making moves to honor that request with the tests. The retailer seeks a concrete change to offer consumers by the end of the year. Anderson assured investors that price increases would be a “last resort” to improve sales performan
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