Five Below

Five Below, Inc.
Company typePublic
IndustryDiscount store
FoundedOctober 4, 2002; 22 years ago (2002-10-04)
Wayne, Pennsylvania, U.S.
FoundersDavid Schlessinger, Tom Vellios
Headquarters
Philadelphia, Pennsylvania
,
United States
Number of locations
  • Increase 1,500+ (2024)[1]
  • Increase 1,400+ (2023)[2]
  • 353 (2014)[3]
Area served
United States—43 states
Key people
Kenneth Bull (Interim CEO)
ProductsSports, 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
RevenueIncrease US$2.848 billion (Fiscal Year Ended January 29, 2022)[4]
Increase US$379.880 million (Fiscal Year Ended January 29, 2022)[4]
Increase US$278.810 million (Fiscal Year Ended January 29, 2022)[4]
Total assetsIncrease US$2.880 billion (Fiscal Year Ended January 29, 2022)[4]
Total equityIncrease US$1.120 billion (Fiscal Year Ended January 29, 2022)[4]
Number of employees
over 25,000
Websitefivebelow.com

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.[5] Founded in 2002 by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens.[3] There are over 1,700 stores located across the United States.[3]

  1. ^ "Investor Home". fivebelow.com. 2024. Retrieved January 19, 2023.
  2. ^ "Investor Home". fivebelow.com. 2023. Retrieved November 27, 2023.
  3. ^ a b c Cite error: The named reference lally2014 was invoked but never defined (see the help page).
  4. ^ a b c d e "Five Below, Inc. Full Year 2021 Form 10-K Report" (PDF). cloudfront.net. January 29, 2022. Retrieved April 2, 2022.
  5. ^ "Fivebelow". fivebelow.com. Retrieved October 19, 2023.