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Operates chain of discount stores priced at $1-$5.
1818 Market St., Suite 1900
Philadelphia, PA 19103
CEO: Joel Anderson
Stock Symbol: FIVE
Five Below, Inc. is a leading retailer of discount merchandise targeted toward the teen and pre-teen market - all priced between $1.00 to $5.00. While it aims toward a younger audience, products can be purchased by all ages.
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, dvds, iPhone accessories, novelty and "gag," and seasonal items.
The company has over 370 stores in 22 states. The company opened 62 stores in 2014 and plans to open 70 new stores in 2014.
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 2014 revenues of $680.2 million, up 27% from 2013. Comparable store sales increased 3.4%. Net income was $48.0 million.
Updated March 26, 2015