Five Below, Best Buy and Pier 1 Will Rise Above Rough Retail Environment

Five Below's holiday sales results may be underwhelming, but the retailer remains a solid long-term growth story.
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Five Below's (FIVE) - Get Report holiday sales results may be underwhelming, but the company remains a solid long-term growth story, said Anthony Chukumba, research analyst at Loop Capital Markets. He says the retailer is still on track to substantially grow its square footage and its results were not catastrophic relative to the disappointing numbers posted by other retailers recently.

Chukumba said Five Below remains one of his top retail picks for 2017, along with Best Buy (BBY) - Get Report and Pier 1 Imports (PIR) - Get Report .