Editing Five Below

{{Infobox Company
| name = Five Below, Inc.
| image =
| image_caption = Five Below store
| type = Publicly traded (NASDAQ: FIVE)
| industry = Discount retail
| address = 701 Market Street
| neighborhood = Center City
| coordinates = 39.9512,-75.1522
| phone =
| website = https://www.fivebelow.com
| established = 2002
| founder = David Schlessinger, Tom Vellios
| ceo =
| employees = 20,000+
| revenue = $3+ billion
| status = Active
}}

'''Five Below, Inc.''' is a '''rapidly growing discount retail chain''' headquartered in [[Philadelphia]]. Founded in '''2002''' by '''David Schlessinger''' and '''Tom Vellios''', the company operates over '''1,400 stores''' across the United States, selling trend-focused merchandise primarily priced at '''$5 or below''' (with some items now up to $10). Five Below targets '''tweens, teens, and young adults''' with a fun, energetic shopping experience featuring candy, toys, tech accessories, room decor, and lifestyle products. The company's Philadelphia headquarters in Center City reflects its urban, youthful brand identity and represents one of the city's major retail success stories.<ref name="fivebelow-official">{{cite web |url=https://www.fivebelow.com |title=Five Below |publisher=Five Below |access-date=December 31, 2025}}</ref>

== History ==

=== Origins (2002) ===

Five Below was founded in '''2002''':

'''Beginning:'''
* '''David Schlessinger''' and '''Tom Vellios''' co-founded
* First store opened in Wayne, PA
* Philadelphia suburbs origin
* Tween/teen focus

=== Concept Development ===

'''Business model:'''
* $5 and below price point
* Trend-driven merchandise
* Fun shopping experience
* Rapid inventory turnover

=== Growth ===

'''Expansion:'''
* Suburban Philadelphia initially
* East Coast expansion
* National footprint developed
* Hundreds of stores

=== Going Public (2012) ===

'''IPO:'''
* Nasdaq listing
* Capital for expansion
* Investor interest
* Continued growth

=== Rapid Expansion ===

'''Recent years:'''
* 1,400+ stores
* Nationwide presence
* New store openings
* Market penetration

== Business Model ==

=== Price Point ===

'''Value positioning:'''
* Originally $5 and below
* Added "Five Beyond" section (up to $10)
* Extreme value perception
* Impulse purchasing

=== Target Customer ===

'''Demographics:'''
* Tweens (8-12)
* Teens
* Young adults
* Parents shopping for kids

=== Store Experience ===

'''Environment:'''
* Bright, energetic
* Music playing
* Fun displays
* Easy navigation

=== Product Categories ===

'''Eight "worlds":'''
* Style (room decor, accessories)
* Room (dorm, bedroom items)
* Sports
* Tech
* Create (arts, crafts)
* Party
* Candy
* Now (seasonal)

== Operations ==

=== Store Count ===

'''Expansion:'''
* 1,400+ stores
* 43 states
* Continued new openings
* Long runway for growth

=== Distribution ===

'''Logistics:'''
* Distribution centers
* Rapid replenishment
* Vendor partnerships
* Supply chain focus

=== Real Estate ===

'''Locations:'''
* Strip centers
* Power centers
* Lifestyle centers
* Suburban focus

== Philadelphia Headquarters ==

=== Market Street Location ===

'''Corporate base:'''
* 701 Market Street
* Center City Philadelphia
* Modern offices
* Urban location

=== Employment ===

'''Jobs:'''
* Corporate headquarters staff
* Merchandising, marketing
* Technology, finance
* Store operations support

=== Philadelphia Connection ===

'''Local importance:'''
* Founded in Philadelphia area
* Headquarters commitment
* Local hiring
* Economic impact

== Competition ==

=== Industry Rivals ===

'''Competitors:'''
* Dollar General, Dollar Tree
* Target (for some products)
* Amazon
* Other discount retailers

=== Differentiation ===

'''Unique positioning:'''
* Trend focus vs. basics
* Younger demographic
* Fun experience
* Curated selection

== Financial Performance ==

=== Growth ===

'''Metrics:'''
* $3+ billion revenue
* Consistent comparable sales growth
* New store expansion
* Profitability

=== Stock Performance ===

'''Market:'''
* Nasdaq: FIVE
* Growth stock
* Investor interest
* Market cap growth

== Culture ==

=== Brand Identity ===

'''Personality:'''
* Fun, energetic
* Trend-forward
* Youth-focused
* Value-conscious

=== Company Culture ===

'''Workplace:'''
* Dynamic environment
* Retail entrepreneurship
* Growth opportunities
* Philadelphia-based

=== "Let Go and Have Fun" ===

'''Tagline:'''
* Brand essence
* Customer experience
* Marketing theme
* Store environment

== Challenges ==

=== Competition ===

'''Market pressures:'''
* E-commerce
* Other discounters
* Retail consolidation
* Market saturation concerns

=== Inflation ===

'''Cost pressures:'''
* Maintaining price point
* Vendor costs
* Freight costs
* Margin management

=== Expansion Execution ===

'''Growth management:'''
* New store performance
* Market selection
* Real estate challenges
* Operational scaling

== Future ==

=== Strategy ===

'''Growth plan:'''
* Continue store expansion
* 3,500+ store potential
* Five Beyond expansion
* Digital development

=== Innovation ===

'''Evolution:'''
* Product development
* Store formats
* Technology integration
* Customer engagement

== See Also ==
* [[Philadelphia Businesses]]
* [[Philadelphia Retail]]
* [[Center City]]

== References ==
<references />

== External Links ==
* [https://www.fivebelow.com Five Below]

{{#seo:
|title=Five Below - Philadelphia's Teen-Focused Discount Retail Success
|description=Five Below, the discount retail chain headquartered in Philadelphia. Founded in 2002, operating 1,400+ stores selling trend-focused merchandise for $5 and below to tweens and teens.
|keywords=Five Below, discount retail, Philadelphia company, teen retail, value shopping, $5 store, Philadelphia headquarters
|type=Article
}}

[[Category:Businesses]]
[[Category:Retail]]
[[Category:Center City]]
[[Category:Philadelphia Success Stories]]