Five Below

Five Below is an American specialty retail chain headquartered in Philadelphia, Pennsylvania, United States. Founded in 2002 by Tom Vellios and David Schlessinger, the company operates as a discount gift shop targeting tweens and teens, with most products priced at $5 or less and a smaller assortment up to $40. Its product categories span eight worlds: Style, Room, Sports, Tech, Create, Party, Candy, and New & Now, luding items such as beauty products, tech gadgets, sports equipment, art supplies, party goods, candies, and seasonal decorations. Five Below operates over 1,800 stores across 44 states, supported by e-commerce at fivebelow offering home delivery and buy-online-pick-up-in-store options, along with third-party delivery services. The company's global operations are primarily U.S.-focused but involve international sourcing of merchandise from suppliers in Asia and Europe, emphasizing supply chain transparency for product safety and sustainability. It leverages digital tools for inventory management and customer personalization. In fiscal year 2024, Five Below reported net sales of $4.04 billion, a 14% rease from the prior year, driven by store expansions and online growth.