Full-Time
Merchandise Manager
Updated on 3/14/2025
Five Below
10,001+ employees
Discount retailer for trendy products
No salary listed
Mid
Company Does Not Provide H1B Sponsorship
Lake Worth, FL, USA
- High School Graduate or equivalent
- College experience preferred
- Minimum 2 years of management experience
- Excellent verbal and written communication skills
- Ability to multi-task
- Creative thinking
- Ability to maintain composure under pressure
- Oversees the receiving, unpacking, and organizing of new stock to ensure items are quickly and efficiently placed on the sales floor
- Manages the setup and maintenance of displays for specific store sections, ensuring signage is accurate and promotions are properly highlighted, following corporate guidelines for resets and seasonal updates.
- Manages the entire process of opening or closing the store, which includes securing cash, locking doors, setting alarms, and ensuring everything is in place for a smooth daily operation.
- Acts as Manager on Duty when needed, taking full responsibility for store operations, staff management, customer service, and addressing any urgent issues.
- Helps oversee the daily activities of all store associates, ensuring they are performing their duties effectively and providing excellent customer service.
- Supports the onboarding and ongoing training of associates, helping them learn store policies, product knowledge, and operational procedures to improve their performance.
- Drives store sales and controls expenses: Actively seeks ways to boost sales by optimizing merchandising, staff performance, and customer service.
- Executes the market plan by arranging products and signage according to corporate guidelines, ensuring promotional materials are displayed properly and updated regularly. Ensures the execution of company Inventory Integrity process
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
Simplify's Take
What believers are saying
- Expansion into new locations indicates a growth strategy to increase market share.
- Winnie Park's appointment as CEO suggests potential for brand renewal and innovation.
- Economic trends favor Five Below's low-price model, potentially increasing customer base.
What critics are saying
- Increased competition from other discount retailers like Dollar Tree and Dollar General.
- Economic pressures may lead consumers to prioritize essentials over discretionary purchases.
- Reliance on global sourcing exposes Five Below to international trade and supply chain risks.
What makes Five Below unique
- Five Below targets pre-teens, teens, and young adults with trendy, low-cost products.
- The company emphasizes ethical sourcing and compliance with human rights practices.
- Five Below creates a fun and engaging shopping experience both in-store and online.
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Benefits
Health Insurance
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↑ 3%2 year growth
↑ 1%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