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The 1,500-store chain grew rich selling cheap Chinese products to middle schoolers, but those days are paused, at least for now.
Five Below Inc. shares dropped on Friday after the retailer asked vendors to turn away products waiting for shipment in China before they set off for the US, according to a memo reviewed by Bloomberg.
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 stock rebounded later in the session to close down 2.1%.
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