Full-Time
Discount retailer for trendy products
No salary listed
Entry, Junior
Company Does Not Provide H1B Sponsorship
Toledo, OH, 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 exceed this price point. Its business model involves sourcing products from around the world to maintain a diverse and frequently updated inventory that resonates with its target audience. Revenue is generated through both in-store and online sales, with a strong focus on creating an enjoyable 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
Five Below has added a chief marketing officer (CMO) to promote the products it has added since beginning a reset of its business and to meet customers where they are: online. Five Below CEO Winnie Park announced the addition Wednesday (March 19) during the company’s quarterly earnings call, saying the company had not had a CMO for a while. The company aims to build brand awareness, let existing and new customers know about what it offers, and expand on its existing efforts with creators and social media, which have been well received
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