Five Below

Five Below is an American specialty discount retailer that offers a wide array of products, primarily priced at $5 or less, with select items up to $30. Founded in 2002 by Tom Vellios and David Schlessinger, the company is headquartered in Philadelphia, Pennsylvania.

The retailer caters to a youthful demographic, focusing on tweens and teens. It provides a diverse selection of merchandise across several categories.

Product Categories

• Style: Fashion accessories such as novelty socks, sunglasses, jewelry, scarves, gloves, and hair accessories.
• Room: Home décor items including lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, and accent furniture.
• Sports: Sports balls, gym balls, and other athletic equipment.
• Tech: Smartphone accessories and other electronic gadgets.
• Create: Art and craft supplies, painting materials, and school bags.
• Party: Seasonal and festive decorations for events like Christmas, Easter, Halloween, and St. Patrick’s Day.
• Candy: A variety of confectionery items.
• New & Now: Novelty and gag items, as well as trending products.

As of 2025, Five Below operates over 1,800 stores across 44 states in the U.S., employing more than 30,000 associates. The company has experienced significant growth, with plans to open 150 new stores in fiscal 2025, expanding its footprint further.

Locations

Five Below has established locations in numerous states across the U.S., including major cities such as:

• Fremont, CA
• Chico, CA
• San Francisco, CA
• El Paso, TX
• Pearland, TX
• Galveston, TX
• Texas City, TX
• Buckeye, AZ
• Huntington, WV
• Wayne, NJ
• Paterson, NJ
• Buffalo, NY
• Yonkers, NY
• Rio Rancho, NM
• Memphis, TN
• Rockford, IL
• West Palm Beach, FL

The company provides a unique "treasure hunt" shopping experience. Customers can discover unique and affordable items in a vibrant, inviting store environment.

This approach has resonated with its target audience, making it a popular destination for budget-conscious shoppers seeking variety and novelty.