Friday, March 25, 2011

Philadelphia-based Five Below plans to open 50 stores this year

"Retailer Five Below will open three stores this week, targeting suburban Baltimore and North Carolina.

A new store is planned in Catonsville, Md., while a Severna Park, Md., location will reopen after renovations and expansion.

A store in Wilson, N.C., is also planned.

All three stores will open Friday.

Philadelphia-based Five Below plans to open 50 stores this year. At present, it has 141 stores in 13 states. Growth is being financed by an investment by a private equity firm, Boston-based Advent International.

Five Below sells a range of products in the $1 to $5 range, including DVDs, art-and-school supplies and fashion accessories."

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