Five Below

Five Below, Inc.
TypePublic
IndustryDiscount store, Retail
FoundedOctober 4, 2002 (2002-10-04)
Wayne, Pennsylvania, U.S.
FoundersDavid Schlessinger, Tom Vellios
Headquarters
Philadelphia, Pennsylvania
,
United States
Number of locations
  • Increase 1,970 (2026)
  • Increase 1,850 (2025)
  • Increase 1,400+ (2023)
  • 353 (2014)
Area served
United States—46 states
Key peopleWinnie Park (CEO)
ProductsSports, games, fashion accessories, bath and body, candy and beverages, room décor and storage, stationery and school supplies, books, smartphone accessories, novelty and gag items, seasonal items
RevenueIncrease US$2.848 billion (Fiscal Year Ended January 29, 2022)
Increase US$379.880 million (Fiscal Year Ended January 29, 2022)
Increase US$278.810 million (Fiscal Year Ended January 29, 2022)
Total assetsIncrease US$2.880 billion (Fiscal Year Ended January 29, 2022)
Total equityIncrease US$1.120 billion (Fiscal Year Ended January 29, 2022)
Websitefivebelow.com

Five Below, Inc. (stylized as fiVe BEL°W) is an American chain of specialty discount gift shops that prices most of its products at up to $5, plus a smaller assortment of products priced up to $40. Founded in 2002 by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. By 2014, there were more than 1,850 stores located across the United States.