Fast-growing teen value retailer enters California

Five Below is making its West Coast debut.



The retailer will open stores on Friday, April 21, in Aliso Viejo, Anaheim, Compton, Hawthorne, Montebello, Fontana, Rancho Cucamonga, South Gate and Redlands. The stores mark the company’s first West Coast locations, bringing its reach to approximately 550 stores in 32 states.



“Our growth westward has been careful and strategic, and well worth the wait as we believe Five Below will have a tremendous reception and reaction in Southern California,” said Joel Anderson, CEO, Five Below. “We’re not just dipping our toe in the Pacific with these openings, we’re diving in with nine stores and several more to follow within a matter of months. We expect California to be our largest state for stores in the coming years.”



Five Below plans to open approximately 100 stores across the nation in 2017, giving it some 620 stores by year end.



The retailer offers an edited assortment of “must-have” merchandise aimed at tweens and teens, with all goods priced $5 and below. Stores are typically located in shopping centers, and are approximately 8,000 sq. ft. in size.