Where Is The Nearest Five Below (2024)

FAQs

Where is Five Below headquarters? ›

Philadelphia, PA

Five Below / Headquarters

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.

1,500+ stores nationwide!

Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. We believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities.

The estimated net worth of Joel D Anderson is at least $33 Million dollars as of 2024-07-10. Joel D Anderson is the President & CEO of Five Below Inc and owns about 289,946 shares of Five Below Inc (FIVE) stock worth over $30 Million.

The store's pricing model is a twist on the traditional dollar store concept. By capping prices at $5, they can offer a broader range of quality products. This pricing strategy is particularly appealing to teenagers, who often have limited funds but still want to buy cool stuff.

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.

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

According to Five Below 's latest financial reports the company's total debt is $1.83 B. A company's total debt is the sum of all current and non-current debts.

The brand's defining mission became simply: “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.

Five Below (NASDAQ: FIVE) is owned by 106.55% institutional shareholders, 8.61% Five Below insiders, and 0.00% retail investors.

Is Five Below growing? ›

The company said that's a 17.4% year over year increase in store count. Five Below plans to open 230 stores by end of year and Anderson said the company still sees “a long runway of growth” reiterating previous statements that it wants to operate 3,500 locations nationwide by the end of 2030.

Five Below was founded in 2002 and is headquartered in Philadelphia, Pennsylvania, with approximately 550 stores in 32 states. For more information, please go to www.fivebelow.com or visit one of our stores!

At Five Below we always offer our products at the lowest possible price that we can! For that reason, we do not offer price matching at this time!

1. Professional Tone:- I would like to work at fivebelow.com because it is a company that is constantly growing and offers a variety of opportunities for its employees. I am excited to be a part of a team that is passionate about their work and committed to providing the best possible experience for customers.

Joel D Anderson (Feb 1, 2015–)

Five Below / CEO

No, we do not franchise our stores. We lease and operate all of our own stores.

In financial year 2023, Five Below registered roughly 22,000 employees in the United States, of which 7,000 were full-time. Compared to a year earlier, the company increased its full-time employees by 500 people.