Five Below was founded in 2002 by David Schlessinger and current CEO Tom Vellios. The first store was located in Wayne, Pennsylvania. Similar to the dollar store model, all Five Below stores carry items that are $5 or less.
Besides selling $5 and under items, the company also offers a unique fundraising opportunity for non-profits. Groups can promote a special sale window for their cause and 10% of all sales are donated back to them.
After a rapid burst of growth, the company went public in 2012 on the NASDAQ under the ticker symbol FIVE.
Today, Five Below has 1,400 stores in 43 US states. Most stores are located in the Northeast and Midwest.
In December 2023, the company began offering a 4-foot Christmas tree dubbed The Charlie Brown Tree. It was an instant sell-out.
Also in December 2023, the company beat its own estimated third-quarter profit level and revised its expectations upward.
Five Below maintains a corporate office in Philadelphia, Pennsylvania.
Five Below was founded in 2002 by David Schlessinger and current CEO Tom Vellios. The first store was located in Wayne, Pennsylvania. Similar to the dollar store model, all Five Below stores carry items that are $5 or less.
History
Besides selling $5 and under items, the company also offers a unique fundraising opportunity for non-profits. Groups can promote a special sale window for their cause and 10% of all sales are donated back to them.
After a rapid burst of growth, the company went public in 2012 on the NASDAQ under the ticker symbol FIVE.
Today, Five Below has 1,400 stores in 43 US states. Most stores are located in the Northeast and Midwest.
In December 2023, the company began offering a 4-foot Christmas tree dubbed The Charlie Brown Tree. It was an instant sell-out.
Also in December 2023, the company beat its own estimated third-quarter profit level and revised its expectations upward.
Five Below maintains a corporate office in Philadelphia, Pennsylvania.