Five Below

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Five Below
TypePublic
Traded asNASDAQFIVE
IndustryRetail
FoundedOctober 2002
HeadquartersPhiladelphia, Pennsylvania, United States
Number of locations260+
Area servedIn 18 states
ProductsTrend Items
WebsiteFive Below
 
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Five Below
TypePublic
Traded asNASDAQFIVE
IndustryRetail
FoundedOctober 2002
HeadquartersPhiladelphia, Pennsylvania, United States
Number of locations260+
Area servedIn 18 states
ProductsTrend Items
WebsiteFive Below

Five Below (rendered fiVe BELºW) is an American publicly held chain of discount stores found in a number of states. The store, as the name suggests, sells products that cost no more than $5. The chain is aimed at teenagers and pre-teens, but has many "adult products".The store was founded in October 2002.

Products and supplies[edit]

While products at Five Below can be from any category, some items carried by the store include trading cards, sports related items, games, fashion accessories, bath and body related items, candy, beverages, room decorations, school supplies and stationery, books, accessories for electronics, DVDs, computer software, novelty items and gag items, as well as seasonal items. The store carries a plethora of female beauty products, as well.

History[edit]

Five Below in Durham, North Carolina.

In October 2002 Five Below was founded by David Schlessinger, who also founded Encore Books and Zany Brainy, with Tom Vellios who was the former CEO of Zany Brainy. The first Five Below location opened up in Wayne, Pennsylvania. Since then, over 230 Five Below locations have been built.

Growth[edit]

Five Below is steadily moving North, West, and South of its Philadelphia, PA headquarters, recently opening in new markets (Chicago and Detroit in 2011, and Atlanta, St. Louis and Western Michigan in 2012).

FUNdraisers[edit]

The company offers a unique fundraising opportunity for non-profit groups. Stores can partner with local groups to set up a FUNdraising opportunity, where anyone with an invitation from the group can come in during a pre-selected time period, and shop. 10% of the sales created by shoppers with invitations will be donated to the group via check approximately 6 weeks later.

List of locations[edit]

Five Below has locations in the following states:

References[edit]

External links[edit]