Content about Five Below

June 10, 2014

Joel Anderson, president and chief executive officer of Walmart.com., has left the online giant to assume the role of president at Five Below, which targets pre-teens and teens with trendy, extreme-value merchandise priced at $5 and below. Walmart has appointed Fernando Madeira, CEO of Walmart.com's Latin America unit, as the new head of Walmart.com. He will relocate from Sao Paulo, Brazil, to San Bruno, California, where Wal-Mart’s global e-commerce operation is based.

New York — Joel Anderson, president and chief executive officer of Walmart.com., has left  the online giant to assume the role of president at Five Below, which targets pre-teens and teens with trendy, extreme-value merchandise priced at $5 and below. Walmart has appointed Fernando Madeira, CEO of Walmart.com's Latin America unit, as the new head of Walmart.com. He will relocate from Sao Paulo, Brazil, to San Bruno, California, where Wal-Mart’s global e-commerce operation is based.
 

June 4, 2014

Extreme-value teen retailer Five Below will make its Houston debut on June 6, opening eight stores in and around the city.

Houston -- Extreme-value teen retailer Five Below will make its Houston debut on June 6, opening eight stores in and around the city.

The company currently has 15 stores in the Dallas and Austin markets. Last year, the Philadelphia-based retailer opened 60 new stores, and has plans to open approximately 60 stores this year. With the Houston openings, there will be 338 Five Below stores in 20 states throughout the country.

June 4, 2014

Extreme-value teen retailer Five Below will make its Houston debut on June 6, opening eight stores in and around the city.

Houston -- Extreme-value teen retailer Five Below will make its Houston debut on June 6, opening eight stores in and around the city.

The company currently has 15 stores in the Dallas and Austin markets. Last year, the Philadelphia-based retailer opened 60 new stores, and has plans to open approximately 60 stores this year. With the Houston openings, there will be 338 Five Below stores in 20 states throughout the country.

April 21, 2014

Five Below has signed a 7,732-sq.-ft. lease at Wards Crossing West shopping center in Lynchburg, Va. It will be Five Below’s first store in the Lynchburg trade area.

Lynchburg, Va. — Five Below has signed a 7,732-sq.-ft. lease at Wards Crossing West shopping center in Lynchburg, Va. It will be Five Below’s first store in the Lynchburg trade area.

Divaris Real Estate’s Richmond office represented Five Below in the transaction. DRE is the exclusive representative for Five Below in southwest Virginia.

June 13, 2013

Five Below Inc. reported Wednesday a profit of $1.6 million, compared with a loss of $1.2 million in the year-ago period.

Philadelphia -- Five Below Inc. reported Wednesday a profit of $1.6 million, compared with a loss of $1.2 million in the year-ago period.

The discount retailer saw sales during the quarter rise 33% to $95.6 million from $71.8 million, meeting internal expectations but beating Wall Street’s forecasted $93.9 million in revenue. Same-store sales advanced 4.2%.

According to president and CEO Thomas Vellios, Five Below will open another 60 stores by the end of 2013.

 

July 15, 2011

Five Below on Friday made its Michigan debut, opening five stores in the Detroit metro area. The chain specializes in “extreme value” merchandise for teens and pre-teens, with no item priced more than $5.

New York — Five Below on Friday made its Michigan debut, opening five stores in the Detroit metro area. The chain specializes in “extreme value” merchandise for teens and pre-teens, with no item priced more than $5.

January 7, 2011

Five Below will open 50 stores in 2011, including its first-ever locations in the Chicago market.

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.