Extreme-value teen retailer enters new market

Five Below will open its first store in the state of Minnesota, Marketplace Shopping Center in St. Cloud, on Sept. 23. And more are in the works.



The company will also be opening two other Minnesota locations, in Brooklyn Center and Osseo, on Oct. 7.



“This has been an incredible year of milestones for Five Below,” said Joel Anderson, CEO of Five Below. “As we enter our 31st state, we can’t say enough how thrilled we are to introduce our brand to more pre-teens and teens.”



The Philadelphia-based company recently celebrated its 500th store opening and is one of the fastest growing retailers in the country. The Minnesota store is one of approximately 85 new Five Below stores opening in 2016, in addition to 71 new stores that opened in 2015.



Five Below carries an ever-evolving assortment of cell phone cases and chargers, remote control cars, licensed collectibles, yoga pants, graphic tees, nail polishes, baseballs and basketballs, tons of candy and all the seasonal ‘gotta-haves.’ Everything is priced at $5 and below.