Five Below
Hot stuff. Cool prices.
|
|
| Public | |
| Traded as |
NASDAQ: FIVE S&P 600 Component |
| Industry | Discount store |
| Founded | October 4, 2002 |
| Founders | David Schlessinger, Tom Vellios |
| Headquarters | Philadelphia, Pennsylvania, United States |
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Number of locations
|
|
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Area served
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United States—31 states |
|
Key people
|
Joel D. Anderson (CEO) |
| Products | sports, games, fashion accessories, bath and body, candy and beverages, room décor and storage, stationery and school supplies, books, iPhone® and Galaxy® accessories, novelty and gag items, seasonal items |
| Revenue |
 US$535,400,000 (FY 2013) |
|
US$53,700,000 (FY 2013) |
|
|
US$32,100,000 (FY 2013) |
|
| Total assets |
US$232,100,000 (FY 2013) |
|
Number of employees
|
5,500 |
| Website | Five Below |
Five Below (Stylized as fiVe BEL°W) is an American publicly held chain of discount stores that sells products that cost up to $5. The chain is aimed at teens and pre-teens, but has many adult products as well. Stores are typically located in strip malls as opposed to standing alone. A large portion of Five Belows are located in college towns.
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.
In October 2002, Five Below was founded by David Schlessinger, founder of Encore Books and Zany Brainy, and Tom Vellios who was the former CEO of Zany Brainy.
The first Five Below location opened up at the Gateway Shopping Center in Wayne, Pennsylvania on October 4, 2002.
As of February 2017[update], Five Below has over 540 stores in 31 states, and two distribution centres. It began its outward expansion away from the Philadelphia Metro area by entering the Illinois and Michigan markets in 2011; Georgia, Kansas, Missouri and Western Michigan in 2012; Texas in 2013 and Tennessee in 2014. Alabama, Florida and Kentucky saw their first stores open in 2015. Louisiana, Minnesota, Oklahoma, Virginia, West Virginia and Wisconsin got their first stores in 2016. Arizona, California, Colorado, Nevada, New Mexico and Utah will receive their first stores come 2017.
In 2011, the company moved its corporate headquarters to a larger location in Philadelphia, PA. The building into which it moved includes other well-known companies such as Merrill Lynch, the American College of Radiology, eResearch Technology and Philadelphia Magazine.
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Wikipedia