Five Below Inc., headquartered in Philadelphia, PA., is the US discount chain selling goods with the price less than $5. Its target audience covers pre-teens and teens. The chain stores don’t place independently, they occupy a part of the shopping centers. The company offers a wide range of branded and licensed items from different areas, such as Style, Room, Sports, Techniques, Crafts, Party, Candy and Now.
Important Update on COVID-19
In connection with COVID-19, Five Below operating hours can vary greatly, or even the area might be momentarilly shut down as a consequence of quarantine restrictions. Check out the terms of shipping and delivery options on the local website in the Five Below.
Five Below altered their shopping hours to enable employees some additional time to clean and also to restock items on racks. In addition to that, a lot of Five Below locations have recently established specific shopping hrs for members of the at-threat class.
What time does Five Below open?
| Monday | 10:00 AM – 09:00 PM |
| Tuesday | 10:00 AM – 09:00 PM |
| Wednesday | 10:00 AM – 09:00 PM |
| Thursday | 10:00 AM – 09:00 PM |
| Friday | 10:00 AM – 09:00 PM |
| Saturday | 10:00 AM – 09:00 PM |
| Sunday | 10:00 AM – 09:00 PM |
Is Five Below open today? Is Five Below open tomorrow?
Is Five Below open on Sunday? Yes, it is open
Five Below closing time
What time does Five Below close? Usually, it closes at 09:00 PM.
History
In 2002, David Schlessinger and Tom Vellios established Five Below. Their first discount location started in 2002 at the Gateway Shopping Center in Wayne, Pennsylvania.
In 2012, the Company became public with a company share price of $17. Beginning from 2011, the company’s basic headquarters are dislocated in a spacious place in Philadelphia.
Five Below Holiday Hours – Open
| Date | Holiday |
|---|---|
| January 21 | Martin Luther King Jr. Day |
| February 14 | Valentine’s Day |
| February 18 | President’s Day |
| March 5 | Mardi Gras Fat Tuesday |
| March 17 | St. Patrick’s Day |
| April 19 | Good Friday |
| April 22 | Easter Monday |
| May 5 | Cinco de Mayo |
| May 27 | Memorial Day |
| July 04 | Independence Day |
| September 02 | Labor Day |
| June 16 | Father’s Day |
| November 28 | Thanksgiving Day |
| May 12 | Mother’s Day |
| October 14 | Columbus Day |
| October 31 | Halloween |
| November 11 | Veterans Day |
| November 29 | Black Friday |
| December 24 | Christmas Eve |
| December 26 | Day after Christmas |
| January 01 | New Year’s Day |
| December 31 | New Year’s Eve |
Five Below Holiday Hours – Closed
| Date | Holiday |
|---|---|
| April 21 | Easter Sunday |
| December 25 | Christmas Day |
Five Below near me
Five Below store locator
Business directions
In 2017 the chain held 553 selling centers across over 31 states in the North, South, and Midwest of the US. In 2017 The Five below standard location occupied 4,000 warehousing items.
The discount chain provides an exclusive financial borrowing capacity for non-commercial organizations. Stores may operate through basic groups to get a “fundraising” capacity. A person who has an invitation from a group may come at a given time and conclude a purchase.
The amount of 10% of the sale of goods produced by people with invitations is returned to the organization. It helps to get tax breaks from the government.
Key facts
As of 01.03.2019, the Company’s Annual Revenue is $1.8B while the total market value of securities issued by a company is $6.6B. Beginning from 2005, the Five Below has donated to US charities that help children across the country.
After 2008 the chain has taken part in the yearly Halloween Promotion for St. Jude Children’s Research Hospital. Their crowdfunding has improved more than $1,000,000 for the medical center.
Conclusion
Five Below is a value-based dealer that was 17th on STORES Hot 100 Retailers in 2017, holding 625 locations in the US. The company offers a chain of stores with goods priced at $ 5 or lower for children and teenagers and it has every chance to become the best in its niche.
FAQ
How much is it to buy Five Below?
Incredibly profitable stores
It costs $300,000 to open a Five Below store, and each new location generates about $450,000 in operating income within the first year. New stores have a cash payback period of just seven months!
Is Everything $5 or less at Five Below?
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.
What is the target audience for Five Below?
While it’s customer base is relatively large (with everyone from moms to college students to twenty-somethings loving the brand), Five Below’s primary target market is undoubtedly Generation Z. There’s a good reason for that.
What company owns Five Below?
Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens.
…
Five Below.Exterior of a Five Below store in Porter Ranch.IndustryDiscount storeFoundedOctober 4, 2002FoundersDavid Schlessinger, Tom Vellios15 more rows
Can I open a Five Below?
Do you offer franchise opportunities? No, we do not franchise our stores.
Why is Five Below so popular?
It’s one of the more popular retail chain stores in the nation because of the wide variety of items that they offer for sale and additionally, they’re a discount store that offers hundreds of items for lower prices than their competition sells them for. This is why Five Below stores are usually very busy.
Why does 5 below have $10 items?
The discount store that sells products for $5 or less is raising prices on some items to up to $10, marking the first change in its price point in 17 years. “We’ve always done everything possible to absorb cost increases,” the company said in a statement posted to its website and social media pages.
Is 5 below changing to 10 below?
Recently, we had to raise prices above $5 on tech items to keep providing the products you love. We’re calling this ‘Ten Below Tech. ‘” Five Below said in the post that despite the changes, it will keep its name since “most of the store remains at $5 and below.”
Is the Dollar Tree raising their prices?
Dollar Tree is raising its prices for the first time since opening 35 years ago. Most items will increase from $1 to $1.25 by the end of the first quarter of 2022.
Can you return items to 5 below?
Your store or online Five Below purchase* can be returned to any store location! Unopened or defective products may be exchanged for the same or a different item of equal value at any time after the purchase date.
Is Five Below in Canada?
Does Five Below Ship To Canada? No, Five Below does not ship to Canada, but I’ve designed a process for getting any Five Below order shipped to Canada with zero headaches.
Is Five Below in the UK?
five below London Marketplace
You’ll find extreme $1-$5 value, plus some incredible finds that go beyond $5at our London Marketplace store, making it easy to say YES and smile big with our tech, tees, sports balls, beauty, candy, remote control toys and SO much more for literally everyone!
Does Five Below have debt?
Five Below debt/equity for the three months ending October 31, 2021 was 0.00.
How much does it cost to open a 5 Below store?
The average store costs just about $300,000 to open. This includes net build out expenses, inventory, and cash pre-operating costs. In 2019, the average revenue per store was $1.95 million, with average EBITDA of $450,000. This means that the average payback period for a store is about 8 months.
Does five below have carts?
kid’s toy shopping cart & play food 12-piece set| Five Below | let go & have fun.
Is Five Below changing its 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.
Is Hollar now five below?
On January 13, 2020, Five Below announced its acquisition of a robust e-commerce platform, fulfillment operation and certain other assets of Hollar.com, in an effort to expand their digital capabilities.
What kind of stuff does five below have?
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%.
Can you return at Five Below without receipt?
If you don’t have the receipt, you can only exchange an item. Five Below will let you swap it for the same product or something else that costs the same amount. The store accepts returns of merchandise that is defective or hasn’t been opened yet.
Can I cancel a Five Below Order?
Typically, we cannot cancel or edit an order or change an address once the order has been placed. However, if you contact us right away, depending on how far along your order is in the stage of processing, we might be able to catch it in time.
Does Five Below do Apple pay?
Accepted In-Store Payments:
Gift Cards: Visa/MasterCard/AMEX Gift Cards. Apple Pay. PayPal (App) Venmo (App)
