Five Below, Inc. is a specialty value retailer that sells merchandise primarily designed for children, teens and preteens. Its product assortment generally includes toys, games, fashion accessories, room décor, sports equipment, technology accessories, party supplies, seasonal items and candy. The company operates under a “five and beyond” pricing concept, offering most products at affordable price points while also selling selected higher-priced items.
Founded in 2002 by David Schlessinger and Tom Vellios, Five Below has expanded from its original store base into a nationwide retail chain. The company serves customers through physical stores across the United States as well as through its e-commerce platform. Its stores are commonly located in shopping centers and designed to provide a trend-focused, discovery-oriented shopping experience.
Five Below’s business is focused on combining accessible prices with frequently refreshed merchandise tied to youth culture, entertainment, seasonal trends and everyday activities. The company is headquartered in Philadelphia, Pennsylvania, and continues to operate as a U.S.-focused retailer under the Five Below brand.
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