Pennsylvania Job Source
Operates chain of discount stores priced at $1-$5.
701 Market St., Suite 300
Philadelphia, PA 19106
CEO: Joel Anderson
Stock Symbol: FIVE
Five Below, Inc. is a leading retailer of discount merchandise targeted toward the teen and pre-teen market and beyond - with most priced between $1.00 to $5.00. The company has been adding some higher-end products priced up to $10.
Five Below's dynamic assortment of merchandise includes everything from sporting goods, games, fashion accessories and jewelry, to hobbies and collectibles, bath and body, candy and snacks, room décor and storage, stationery and school supplies, video game accessories, books, smartphone accessories, novelty and "gag," and seasonal items.
The company has over 900 stores in 36 states. The company said it will open 120 stores in 2020.
Five Below was founded in 2002 by David Schlessinger, creator and founder of Encore Books and Zany Brainy along with Tom Vellios, former CEO of Zany Brainy.
The company went public on Nasdaq stock market in July 2012.
Five Below reported fiscal 2018 revenues of $1.56 billion, up 22% from the previous year. Comparable store sales increased 3.9%. Net income was $149.6 million.
The company said net sales during the 2019 holiday period increased 13.4% from the previous year.
Updated January 23, 2020