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Extreme-value teen retailer continues rapid expansion

Five Below is set to open its 62nd store in its home state.

The retailer will open a two-level store on Market Street in Philadelphia, on Friday, October 27, 2017. The new location is one of approximately 100 Five Below stores opening in 2017.

The store is located in the historic Lit Brothers building. In early 2018, the retailer will also move its home office into the building.

"We are thrilled to open a new Market Street store in our hometown of Philadelphia," said Joel Anderson, CEO of Five Below. "It has been an incredible year for Five Below. We recently hit a significant company milestone by opening our 600th store. We also celebrated our fifth year as a public company and our 15th year as a brand."

Catering to tweens and teens, Five Below stores are a vibrant, colorful and high-energy destinations that carry a broad assortment of products. Everything is priced $5 and below.
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