Five Below
Encyclopedia
Five Below is a privately held chain of discount store
s found in a number of states. The store, as the name suggests, sells products that cost no more than $5.00. The chain is aimed at teenagers and pre-teens, but has many products for adults. The store was founded in October 2002.
s, sports related items, games, fashion accessories, bath and body related items, candy
, beverages, room decorations, school supplies and stationary,books, iPod
accessories, DVDs as well as computer software, novelty items and gag items, as well as seasonal items.
and Zany Brainy
, with Tom Vellios who was the former CEO of Zany Brainy. The first Five Below location opened up in Wayne, Pennsylvania
. Since then, over 180 Five Below locations have been built.
Discount store
A discount store is a type of department store, which sells products at prices lower than those asked by traditional retail outlets. Most discount department stores offer a wide assortment of goods; others specialize in such merchandise as jewelry, electronic equipment, or electrical appliances...
s found in a number of states. The store, as the name suggests, sells products that cost no more than $5.00. The chain is aimed at teenagers and pre-teens, but has many products for adults. The store was founded in October 2002.
Products
While products at Five Below can be from any category, some items carried by the store include trading cardTrading card
A trading card is a small card, usually made out of paperboard or thick paper, which usually contains an image of a certain person, place or thing and a short description of the picture, along with other text...
s, sports related items, games, fashion accessories, bath and body related items, candy
Candy
Candy, specifically sugar candy, is a confection made from a concentrated solution of sugar in water, to which flavorings and colorants are added...
, beverages, room decorations, school supplies and stationary,books, iPod
IPod
iPod is a line of portable media players created and marketed by Apple Inc. The product line-up currently consists of the hard drive-based iPod Classic, the touchscreen iPod Touch, the compact iPod Nano, and the ultra-compact iPod Shuffle...
accessories, DVDs as well as computer software, novelty items and gag items, as well as seasonal items.
History
In October 2002 Five Below was founded by David Schlessinger, who also founded Encore BooksEncore Books
Encore Books was a regional chain of bookstores based in the eastern United States until its closure in 1999.- Founding :Encore Books was started by David Schlessinger, who went on to found the Zany Brainy and retail chains...
and Zany Brainy
Zany Brainy
Zany Brainy was a United States retail store chain owned by FAO Schwarz that sold educational toys and multi-media products aimed at children ages 4–12...
, with Tom Vellios who was the former CEO of Zany Brainy. The first Five Below location opened up in Wayne, Pennsylvania
Wayne, Pennsylvania
Wayne is an unincorporated community located on the Main Line, centered in Delaware County, Pennsylvania, United States. While the center of Wayne is in Radnor Township, Wayne extends into both Tredyffrin Township in Chester County and Upper Merion Township in Montgomery County...
. Since then, over 180 Five Below locations have been built.
Growth
Five Below is steadily moving North, West, and South of its Philadelphia, PA headquarters, recently opening districts ion Chicago and detriot. THe company is looking to expand to St.Louis and the Atlanta markets in 2012FUNdraisers
The company offers a unique fundraising opportunity for non-profit groups. Stores can partner with local groups to set up a FUNdraising opportunity, where anyone with an invitation from the group can come in during a pre-selected time period, and shop. Up to 10% of the sales created by shoppers with invitations will be donated to the group via check approximately 6 weeks later. Groups such as Boy/Girl scouts, school sports teams, and community-service groups have seen big successes by doing this, often making over $1,000 for their organization.List of Locations
Five Below has locations in the following states:- North CarolinaNorth CarolinaNorth Carolina is a state located in the southeastern United States. The state borders South Carolina and Georgia to the south, Tennessee to the west and Virginia to the north. North Carolina contains 100 counties. Its capital is Raleigh, and its largest city is Charlotte...
- PennsylvaniaPennsylvaniaThe Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
- New JerseyNew JerseyNew Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware...
- DelawareDelawareDelaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania...
- MarylandMarylandMaryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east...
- VirginiaVirginiaThe Commonwealth of Virginia , is a U.S. state on the Atlantic Coast of the Southern United States. Virginia is nicknamed the "Old Dominion" and sometimes the "Mother of Presidents" after the eight U.S. presidents born there...
- OhioOhioOhio is a Midwestern state in the United States. The 34th largest state by area in the U.S.,it is the 7th‑most populous with over 11.5 million residents, containing several major American cities and seven metropolitan areas with populations of 500,000 or more.The state's capital is Columbus...
- MassachusettsMassachusettsThe Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010...
- New HampshireNew HampshireNew Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian...
- West VirginiaWest VirginiaWest Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east...
- ConnecticutConnecticutConnecticut is a state in the New England region of the northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, and the state of New York to the west and the south .Connecticut is named for the Connecticut River, the major U.S. river that approximately...
- Rhode IslandRhode IslandThe state of Rhode Island and Providence Plantations, more commonly referred to as Rhode Island , is a state in the New England region of the United States. It is the smallest U.S. state by area...
- New YorkNew YorkNew York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
- IllinoisIllinoisIllinois is the fifth-most populous state of the United States of America, and is often noted for being a microcosm of the entire country. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and northern Illinois, and natural resources like coal,...
- IndianaIndianaIndiana is a US state, admitted to the United States as the 19th on December 11, 1816. It is located in the Midwestern United States and Great Lakes Region. With 6,483,802 residents, the state is ranked 15th in population and 16th in population density. Indiana is ranked 38th in land area and is...
- MichiganMichiganMichigan is a U.S. state located in the Great Lakes Region of the United States of America. The name Michigan is the French form of the Ojibwa word mishigamaa, meaning "large water" or "large lake"....