Full-Time
Updated on 3/14/2025
Discount retailer for trendy products
No salary listed
Entry, Junior
Company Does Not Provide H1B Sponsorship
Southaven, MS, USA
Five Below operates as a discount retailer that provides a wide range of trendy products and essentials aimed at pre-teens, teens, and young adults. The company focuses on offering high-value items at low prices, primarily $5 and below, although some products may cost more. Its business model involves sourcing products from around the world to maintain a diverse and frequently updated inventory that resonates with its young audience. Revenue is generated through both in-store and online sales, with an emphasis on creating a fun and engaging shopping experience. Product categories include school supplies, fashion accessories, electronics, toys, games, and home decor. Additionally, Five Below is committed to ethical sourcing and adheres to human rights and labor practices as mandated by the California Transparency in Supply Chains Act.
Company Size
10,001+
Company Stage
IPO
Headquarters
Philadelphia, Pennsylvania
Founded
2002
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Health Insurance
Flexible Work Hours
LUBBOCK, Texas - On Friday, March 14, Five Below is opening its newest store at 2809 50th Street in Lubbock, the business said in a press release.
February 7, 2025 - Five Below has opened at the Yorktown Green Shopping Center.
As escalating costs strain household budgets, PYMNTS Intelligence’s latest paycheck-to-paycheck study, “New Reality Check: The Paycheck-to-Paycheck Report: Struggling Consumers Go to Short-Term Strategies to Manage Higher Expenses,” reveals that 78% of consumers have experienced higher costs for essential services and about two-thirds live paycheck to paycheck. Among this group, 24% struggle with bill payments, with many using strategies like skipping bills or negotiating rates to manage expenses. While 41% of consumers use autopay, its adoption is lower among lower-income individuals, who are more likely to face cash flow issues when automatic payments are due. These consumers are often forced to rely on short-term tactics to stretch their budgets, making it more critical for retailers to offer affordable and convenient shopping options and memorable customer experiences
With ongoing financial strain causing many consumers to live paycheck to paycheck, retailers are adjusting strategies to cater to cost-conscious shoppers. As inflation pressures persist and savings dwindle, retailers are prioritizing value-driven offerings and digital infrastructure to spark increased customer engagement. As inflation outpaces income growth, PYMNTS Intelligence data shows 67% of U.S. consumers are living paycheck to paycheck, prompting many to rely on buy now, pay later (BNPL) services for cash flow management. While BNPL loans show relatively low default rates, the average credit card debt of financially strained consumers has surpassed $7,000, indicating deeper financial stress. As consumers face mounting pressure, 57% sought financial advice in the past year, with more open to seeking guidance to better manage their finances amid rising costs and depleted savings
Retailers across the U.S. are confronting a new era of cautious spending as consumers tighten their belts in response to ongoing economic pressure. Inflation, rising living costs and a backdrop of political and economic uncertainty have prompted shoppers to rethink their purchasing habits, sharpening their focus toward essential items and cutting back on discretionary purchases. As consumers, especially those with lower incomes, prioritize value and necessity over luxury due to inflation and economic pressures, businesses are adjusting their strategies to stay competitive. Dollar stores and department stores alike are recalibrating their offerings and operations to meet the demands of a more selective market, where shoppers are focused on essentials rather than indulgent purchases. Retailer Reactions to Changing Consumer Behavior