Five Below

Five Below is a value retail chain founded in 2002 by Tom Vellios and David Schlessinger, two friends and business partners who conceived the idea in a coffee shop. The company opened its first store in Wayne, Pennsylvania, and now operates more than 1,800 locations across 44 U.S. states, staffed by over 20,000 associates.

The stores sell trend-right products for tweens and teens at price points of $1 to $5. The format is designed as a treasure-hunt shopping experience, built on the premise that quality and low prices can coexist; the brand promise is "hot stuff, cool prices" and the invitation to shoppers is "Let Go & Have Fun". Five Below operates in the value and discount retail segments, covering consumer merchandise and lifestyle products.

For prospective employees, the company describes its associates as bringing energy and passion to their work every day, within a shopping experience framed as fun and filled with unlimited possibilities. Operations span physical retail stores throughout the United States.