Five Below to open new DC in 2015

Philadelphia – Five Below plans to open a new distribution center in Oldmans Township, New Jersey, in 2015. The center will replace an existing 421,000-sq.-ft. facility located in New Castle, Delaware.



Five Below will occupy approximately 700,000 sq. ft. of the facility to start with, and plans to grow to one million sq. ft. over time. The new distribution center, which is expected to be fully operational in the second half of 2015, will support the company's continued growth and expansion on the East Coast.



Five Below will move into the new facility in summer 2015. The property is owned by NFI, a supply chain solutions provider headquartered in Cherry Hill, New Jersey.



"It is an exciting time for Five Below, as we continue to make the necessary investments to fuel the expansion and success of our brand," said Tom Vellios, CEO and co-founder of Five Below. "The Northeast is an extremely important market for Five Below and includes some of our highest volume stores. In addition, there is substantial store growth opportunity on the East Coast, which creates the need for increased distribution capacity. For us, a key component of this decision was to find a strategic location that would meet our growth needs but also allow us to maintain our workforce, who have been a key contributor of our success to date. With this new distribution center, we have achieved both of these objectives."