When Five Below began testing a new concept called Ten Below in its flagship store on Market Street last year, though, it signaled a double shift — and not just mathematically.
Five Below, a popular store focusing on products for $5 and under, is undergoing a colossal change: Its price point is going up for the first time in 17 years. No longer will the store, a bargain hunter's dream, only sell items priced at $5 and under.
Five Below Ohio Valley Mall.
|Day of the Week||Hours|
|Thursday||10:00 AM - 8:00 PM|
|Friday||10:00 AM - 8:00 PM|
|Saturday||10:00 AM - 8:00 PM|
|Sunday||11:00 AM - 6:00 PM|
At this time, we ship only within the Contiguous United States (sry, we don't ship to: Alaska, Hawaii, Puerto Rico, the US Virgin Islands, or Canada). We also have a firewall that restricts areas outside the United States from viewing our site, as we do not ship outside of the US.
Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. We believe life is better when customers are free to "let go & have fun" in an amazing experience filled with unlimited possibilities.
For the toys and games priced up to $10, the company will keep them in a separate area of the store, called “Ten Below Gift Shop.” For electronics, Five Below is adding a section called “Ten Below Tech.” But the name “Five Below” is one thing that's not changing.
Five Below is an American chain store that offers products that are sold at a tremendous discount. It's been compared to a dollar tree that offers higher value products with pricing that does not exceed five dollars. This is why the name of the company is called five below.
Your store or online Five Below purchase* can be returned to any store location! Unopened or defective products may be exchanged for the same or a different item of equal value at any time after the purchase date.
July 19, 2012
On July 19, 2012, Five Below went public on the NASDAQ at the share price of $17. In 2014, Joel Anderson was appointed CEO. 2016 sales hit $1,000 million, 2017 sales hit $1,300 million and 2018 sales hit $1,560 million.
It costs $300,000 to open a Five Below store, and each new location generates about $450,000 in operating income within the first year. New stores have a cash payback period of just seven months!
Dollar Store Services Franchise Cost, Fees & Facts for 2022
|Minimum Cash Required||$30,000|
|Net Worth Required||$50,000|
|Total Investment||$87,900 – $366,900|
|# of Existing Units||1700|
Walmart does not own Dollar Tree as of 2022. Instead, Dollar Tree is a self-owned company that itself has acquired numerous national and regional competitors over the years, including Family Dollar and Dollar Bill$. Additionally, Walmart has never owned Dollar Tree and has no plans to acquire the business.
The average salary for an Owner Operator is $74,460 per year in United States, which is 22% higher than the average Dollar Tree salary of $60,633 per year for this job.
Dollar stores may make up to $. 80 profit on items they sell, though the average is about $. 35 for each item. This means a dollar store would have to sell 200,000 items a year to make around $70,000 in profit.
An investment group consisting of affiliates of Kohlberg Kravis Roberts (KKR), GS Capital Partners (an affiliate of Goldman Sachs), Citigroup Private Equity and other co-investors completed an acquisition of Dollar General Corporation for $6.9 billion.