Less than a month after former Walmart.com CEO Joel Anderson joined Five Below as president, the discount retailer’s EVP of merchandising Jeffrey Moore has resigned.
Five Below, which bills itself as the leading retailer of trend-right, high-quality, extreme-value merchandise for pre-teens, teens and beyond, spoke highly of Moore who is leaving to spend time with his family.
"Over the last seven years Jeff has been an integral part of the success of Five Below as he has helped build the world-class merchandising team we have in place,” said Tom Vellios, co-founder and CEO of Five Below. “We thank Jeff for his significant contributions to the business and we wish him well as he leaves to spend time with his family.”
The company which operates more than 300 stores did not indicate whether it would fill Moore’s position. Two general merchandise managers, Wayne Stockton and Karen Pinney, will now report directly Anderson, who joined the company less than a month ago.
“With a strong and seasoned team in place, we are excited by the many opportunities ahead to continue to deliver great product to our customers and build on the strength of the Five Below brand,” Vellios said.