Wednesday, September 9, 2015

Five Below Opening Largest Store in Philly

by Steve Lubetkin,
Five Below, which describes itself as an “extreme-value retailer for pre-teens, teens and beyond” is opening its largest store in Center City Philadelphia, just steps from the Company's headquarters.

The Philadelphia company says the new store, on Chestnut Street between 15th and 16th Streets, encompasses 13,000 square-feet and is the first two-story store in the firm’s history. The store opens Thursday, September 10th.

"Five Below was established in 2002 and remains based in the heart of Philadelphia and the opening of our largest store on Chestnut Street is a highly anticipated and proud moment for Five Below," says Joel Anderson, CEO of Five Below. " Opening at this busy crossroads signifies the further resurgence of Chestnut Street's redevelopment and renaissance and we look forward to bringing this community the most exciting and vibrant destination for teens, pre-teens and their parents in Center City."

The new store is located at the long-standing Arcadia Theatre. Constructed in 1915, the theater's crown moldings, high ceilings and exposed brick walls blend perfectly with the modern Five Below escalator, lighted ceiling logo and signage.

Five Below products are grouped into one of eight in-store worlds: Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Five Below's unique assortment features leading brands such as Lego, Wilson, Hasbro, Coca Cola and Peeps and hot licenses from Disney and Marvel, like Star Wars, Despicable Me, Avengers and Frozen. Rounding out the assortment is merchandise packed with quality and value made exclusively for Five Below.

Five Below is one of the fastest growing retailers in the country, with over 400 stores in 26 states. So far in 2015, the company has opened 56 stores and expects to end the year with 70 new stores.

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