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Five Below reported that its sales for the 10-week period ended Saturday increased by 9.5% compared with the first 10 weeks of the second quarter ended July 8, 2023.
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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 ]
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Five Below has plummeted for a variety of reasons. For starters, it hasn't been a great year for sales -- the company's same-store sales dropped by 4% in the first half of 2024 compared with the ...