Five Below

Private Group active %s

American chain of specialty discount stores that sells products that are less than $5, plus a small assortment of products from $6 to $25. Founded by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens.

Entity Type
Public
Category
Discount Store
Average Square Footage
7,500-9,500
Sales Per Square Foot
$282
Average Sales Per Store
$74,832
Stores Operated
1,340
Growth Plans
The company believes it can support 3,500 total stores in the US, of which is it targeting by 2030. Plans are to open 375-400 stores over the next 2 years & 550-600 during 2024 & 2025. 2023 plans are also to convert 400 existing stores to its "Five Beyond" format which contains an in-store shop which features higher priced items.
2022 Expansion
160
2023 Expansion
200
Documents
Real Estate Brochure
--%
Current Average Cap Rate
$20.27
Nationwide Average Rent Per Foot
-- yrs
Typical Lease Term

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