^ 'Why Five Below Has Succeeded in a Tough Retail Market'.^ 'Five Below to Open Flagship Store on NYC's Fifth Avenue'.^ 'Five Below names COO and retail veteran Joel Anderson as CEO'.'Five Below stock rallies 55% in debut вЂ“ The Buzz вЂ“ Investment and Stock Market News'. 'Delaware losing 175 jobs to New Jersey'. 'Rapidly growing discount chain Five Below coming to Iowa'. 'Five Below Explains How It Could Triple Its Store Count'. 'Five Below teen discount store opens 3 locations Friday'. Form 10-K for the fiscal year ended February 2, 2019'. ^ 'Zany Brainy execs to open discount chain'.^ a b c d 'Five Below 2016 Annual Report'.'Watch Out Below When Five Below Reports Today, Target Price: $30'. ^ a b c d e Lally, Terry (4 December 2014).In 2018, Five Below became an official Toys for Tots sponsor. The company then doubled all donations resulting in a donation in the total of $100,000. ДЄfter Hurricane Sandy, Five Below partnered with the American Red Cross and collected over $50,000 through a $1 donation at the register program. Since 2008, Five Below has participated in the annual Halloween Promotion benefiting St. They have partnered with and supported Alex's Lemonade Stand Foundation with the sale of lemonade bracelets, gift cards and pin-ups. Since 2005, Five Below has contributed over $19В million for organizations around the country who focus on the well-being of children. In 2018, Five Below moved its corporate headquarters, now called WowTown, to the Lit Brothers Building in the Market East section of Philadelphia, PA, and has rights to more than 200,000 square feet. The store specializes mainly in carrying a wide variety of merchandise at a low price. The average Five Below store size is 8,000 square feet (740В m 2). In 2014, Joel Anderson was appointed CEO. On July 19, 2012, Five Below went public on the NASDAQ at the share price of $17. The new center would add 275 jobs to the local economy while Delaware would lose 175. In September 2014, the company announced a new lease agreement to move its New Castle, Delaware, distribution center to Oldmans Township, New Jersey. Oregon & Washington will also see stores open in the future. Colorado & Nevada were added in 2020 New Mexico & Utah in 2021. Arizona, Iowa & Nebraska were introduced that year. Five Below in 2019 publicly stated that they could build as many as 2,500 U.S. It began its outward expansion away from the Philadelphia Metro area by entering the Illinois and Michigan markets in 2011 Georgia, Kansas, Missouri and Western Michigan in 2012 Texas in 2013 Tennessee in 2014 Alabama, Florida and Kentucky in 2015 Louisiana, Minnesota, Oklahoma, West Virginia and Wisconsin in 2016, California in 2017 & Arkansas in 2018. To date, Five Below operates over 1,100 stores in 40 states, employing over 90,000 associates along with two distribution centres.

However, as of May 29, 2020, 75% of Five Below stores across the United States reopened with plans for new stores to open up. On March 18, 2020, Five Below announced the temporary closing of all stores due to the COVID-19 outbreak. David Schlessinger, founder of Encore Books and Zany Brainy, and Tom Vellios, former CEO of Zany Brainy founded Five Below on October 4, 2002.

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