Five Below is not backing down from its aggressive store expansion.
The extreme-value tween and teen retailer, which has opened 40 new stores so far this year, continues to expect to open 100 to 120 new stores in 2020.
Five Below said that it has reopened more than 75% of its 900-plus stores as pandemic lockdown restrictions ease. Locations have reopened in all but four states, where curbside pickup is available as allowed.
“We are thrilled to be in a position to have reopened over 75% of our stores with strict health and safety protocols implemented, and to have resumed our new store program,” said Joel Anderson, president and CEO. “Our store associates have embraced our new ways of working and operating, and I have been impressed with their enthusiasm and commitment throughout this challenging period.