Philadelphia -- Five Below will open 50 stores in 2011, including its first-ever locations in the Chicago market.
The extreme-value teen retailer said it has signed 12 store leases in the Chicago area. The new stores, scheduled to open in spring, are the first of up to 20 locations that Five Below plans to open in the Chicago market this year. Over the next three to five years, the chain anticipates expanding its foothold in Chicagoland to as many as 60 locations.