Five Below is a discount-store chain that sells everything from books to clothes for under $5. Five Below is one of several dollar stores that have been doing well lately, like competitors Dollar General and Dollar General. In the second quarter of 2018, Five Below's comparable sales increased by 2.7%.
What type of store is five and below?
value retailer
Why is it called Five Below?
Five Below is an American chain store that offers products that are sold at a tremendous discount. It's been compared to a dollar tree that offers higher value products with pricing that does not exceed five dollars. This is why the name of the company is called five below.
How many locations does Five Below have?
About Five Below: Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 900 stores in 36 states.
Does 5 below have 10 dollar items?
The $10 section of Five Below — which is in fact its own separate section — promises to be a place where you can, according to the store, find “limited, handpicked, trending stuff.” Things like a vibrating foot pillow ($10), an artificial plant ($8), a Nerf Vortex VTC gun ($10), or a Disney-themed advent calendar ($10)
What is 5 below called now?
In 2018, Five Below moved its corporate headquarters, now called WowTown, to the Lit Brothers Building in the Market East section of Philadelphia, PA, and has rights to more than 200,000 square feet.
What are the prices at 5 below?
Five Below — the national discount store known for selling products that are $5 and under — recently changed its pricing model to charge up to $10 for categories including electronics and toys.
Why does 5 below have $10 items?
Discount chain store Five Below has announced a major change. After 17 years of selling products that range from $1-$5, the retailer will now sell certain items that cost up to $10. Five Below says the reason for the price increase is so its stores can keep stocking and selling those items.
Why is 5 below not 5 below?
The note read: “For 17 years, Five Below has been providing our customers with cool, trendy stuff for $1-$5. We've always done everything possible to absorb cost increases. Five Below said the company has no plans to change its name because most prices are at $5 and below.
Is 5 and below changing their name?
But the name “Five Below” is one thing that's not changing. The store known for selling everything from makeup and clothes to candy will be keeping its original name despite the change. Most of the store's merchandise remains at $5 and below, according to the company.