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Stock impact report

Retailer Five Below Cancels Orders Amid US-China Trade War [Yahoo! Finance]

Five Below, Inc. (FIVE) 
Last five below, inc. earnings: 3/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fivebelow.com/investor-relations
Company Research Source: Yahoo! Finance
Shipping giant A.P. Moller-Maersk A/S sent a letter to suppliers on behalf of the discount retail chain saying that the company has elected to suspend its cargo shipments, following the US and China tariff impact. It was unclear from the memo if it went out to all Five Below vendors, or a subset. The letter says that no containers are to be delivered to the yard starting April 10, and all containers that are loaded must be unpacked and returned to the carrier. A Maersk spokesperson said the company does not provide any specific individual customer information publicly. “We are in close contact with our customers while they navigate a volatile and uncertain business landscape,” the spokesperson added. A representative for Five Below didn't immediately respond to a request for comment. Retailers and other businesses are on edge as the US-China trade war escalates and shipments between both countries drop off. Amazon Inc. is among a number of retailers — big and small — that h Show less Read more
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