Five Below
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. There are over 1,400 stores located across the United States.
Exterior of a Five Below store in Bloomfield, Connecticut | |
| Company type | Public company |
|---|---|
Traded as |
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| Industry | Discount store |
| Founded | October 4, 2002 in Wayne, Pennsylvania |
| Founders | David Schlessinger, Tom Vellios |
| Headquarters | Philadelphia, Pennsylvania , United States |
Number of locations |
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Area served | United States—43 states |
Key people | Joel D. Anderson (CEO) |
| Products | sports, games, fashion accessories, bath and body, candy and beverages, room décor and storage, stationery and school supplies, books, smartphone accessories, novelty and gag items, seasonal items |
| Revenue | US$2.848 billion (Fiscal Year Ended January 29, 2022) |
| US$379.880 million (Fiscal Year Ended January 29, 2022) | |
Net income | US$278.810 million (Fiscal Year Ended January 29, 2022) |
| Total assets | US$2.880 billion (Fiscal Year Ended January 29, 2022) |
| Total equity | US$1.120 billion (Fiscal Year Ended January 29, 2022) |
Number of employees | over 15,000 |
| Website | fivebelow |
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