Five Below, Inc. announced that Joel Anderson has been named as President, bringing more than 20 years of experience in the retail sector, most recently as President and CEO of Walmart.com. In his new role, he will lead all aspects of merchandising, stores and marketing. Eric Specter has been named as Chief Administrative Officer and will oversee supply chain operations, information technology and real estate.

Eric brings more than three decades of experience in the retail industry, most recently as Executive Vice President and Chief Integration Officer for Ascena Retail Group as well as Acting President of Catherines. Both will report directly to Tom Vellios, Co-Founder and CEO of Five Below. Mr. Anderson will join Five Below in July 2014 from Walmart.com where he oversaw all aspects of the business including merchandising, marketing, operations and overall site experience.

Prior to joining Wal-Mart, Mr. Anderson was responsible for all aspects of the retail and direct business units at Lenox Group. He previously spent twelve years at Toys "R" Us, Inc. in various roles and activities including marketing, dotcom, new ventures and operations.