5Below Near Me Now (2024)

FAQs

Why is everything at Five Below so cheap? ›

Five Below keeps prices low by focusing on selling a variety of products priced at $5 and below. They often source products directly from manufacturers, maintain cost-effective supply chains, and prioritize high-volume sales.

Five Below, Inc. is an American chain of specialty discount stores that prices most of its products at $5 or less, plus a smaller assortment of products priced up to $25. Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens.

" Five Below was established in 2002 and remains based in the heart of Philadelphia and the opening of our largest store on Chestnut Street is a highly anticipated and proud moment for Five Below ," said Joel Anderson , CEO of Five Below .

Five Below's net sales surpassed $3.5 billion in 2023, more than double those of just five years prior. Analysts attribute much of the company's success to its ability to stay on trend and offer value to the consumer.

Ross is the largest individual Five Below shareholder, owning 2.68M shares representing 4.87% of the company. Howard D. Ross's Five Below shares are currently valued at $202.33M.

The obvious economic explanation for Five Below's shift here is that by charging 10 bucks for products that are still pretty cheap to make, it's going to earn more profit. But this isn't exactly a move born of desperation, either.

During 2022, Five Below sourced from about 1,000 vendors, with 60% of purchases coming from domestic vendors and no single vendor accounting for more than 5% of spend, according to the company's 10-K. The retailer says its low-cost sourcing and operating model helps it meet its $5 price target for products.

return policy (stores & online)!

with the original receipt or online order confirmation to ANY store location. Unopened or defective products may be exchanged for the same or different items of equal value within 90 days of the purchase date and with the original receipt.

“Five Below means you never have to pay more than $5 for the coolest, trendiest, highest quality stuff you just gotta have.” In the years ahead Five Below's store count will grow well beyond 2,000 stores, including an online shop at fivebelow.com.

Buys Five Below Inc, Sells Ross Stores Inc, TransDigm Group Inc, ... ROST.

Is Five Below in debt? ›

Total debt on the balance sheet as of April 2024 : $1.83 B.

They target a demographic between the ages of 5 and 19, which is about a fifth of the U.S. population. This age group has a fair amount of disposable income but not a lot of places to spend it. Five Below fills that gap by offering a wide range of products, all priced at $5 or below.

The softening came after Five Below had outperformed the retail sector for several quarters despite inflationary pressures and set a goal in March 2022 to triple its store count to 3,500 by 2030. Five Below's shares fell 25.1% on the latest news, bringing the stock's year-to-date decline to 64.1%.

Yes, there is a minimum age requirement of 16 years old to work at Five Below.

Is it hard to get hired at Five Below? Glassdoor users rated their interview experience at Five Below as 67% positive with a difficulty rating score of 1.77 out of 5 (where 5 is the highest level of difficulty).

Five Below has a consensus rating of Moderate Buy which is based on 7 buy ratings, 14 hold ratings and 0 sell ratings. What is Five Below's price target? The average price target for Five Below is $110.05. This is based on 21 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Five Below is a leading high-growth value retailer offering trend-right, high- quality products loved by tweens, teens and beyond. We know life is way better when you're free to “let go & have fun” in an amazing experience filled with unlimited possibilities.

Inflation had made it necessary to raise prices on select products, while other products price points will not change. Five Below is following this trend as it introduced Five Beyond into its stores and will continue to expand the higher price point section to be part of its retail floorplan in 400 more stores in 2023.