Five Below is an American publicly held chain of low cost shops that sells merchandise that price not more than $5. The chain is geared toward teenagers and pre-teenagers, however has many grownup merchandise as effectively. Shops are usually situated in strip malls versus standing alone.
Whereas merchandise at Five Below could be from any class, some objects carried by the shop embody buying and selling playing cards, sports activities associated objects, video games, trend equipment, tub and physique associated objects, sweet, drinks, room decorations, college provides and stationery, books, equipment for electronics, DVDs, pc software program, novelty gadgets and gag objects, in addition to seasonal objects.
As of December 2014, Five Below had over 350 shops in 20 states, and two distribution facilities. It started its outward enlargement away from the Philadelphia Metro space by getting into the Illinois and Michigan markets in 2011; Georgia, Missouri and Western Michigan in 2012; Texas in 2013 and Tennessee in 2014.
In 2011, the corporate moved its company headquarters to a bigger location in Philadephia. The constructing into which it moved contains different properly-identified corporations akin to Merrill Lynch, the American School of Radiology, eResearch Expertise and Philadelphia Magazine.
In September 2014, the corporate introduced a brand new lease settlement to maneuver its New Castle, Delaware distribution middle to Oldmans Township, New Jersey. The brand new middle would add 275 jobs to the native economic system whereas Delaware would lose a hundred seventy five