-
Fast-growing Five Below secures second DC
Specialty retailer Five Below doubled in size the past three years and now the company has secured a new distribution center to help it replicate that accomplishment going forward.
The new 600,000-sq.-ft. facility in the northern Mississippi community of Olive Branch will become operational in 2013 and will complement the company’s existing distribution facility in Newark, De. Five Below is focused on teen and pre-teen customers and derives its name from a merchandise mix price at $5 or less.
-
Home Depot opens 100th location in Mexico
Home Depot has opened its 100th location in Mexico, according to an article in El Financiero. The Atlanta-based retailer now operates 95 stores in 60 cities in Mexico, where it generates annual revenues of $1 billion, the newspaper said.
In the final quarter of 2012, Home Depot will open stores in the towns of Coahuila, Sonora, Veracruz, Michoacán and Nuevo León.