Five Below isn’t letting the pandemic stop its national expansion.
The extreme-value tween and teen chain remains one of the few specialty retailers that has not pulled in the reins on brick-and-mortar growth. Five Below plans to open 170 to 180 stores across the country during the next nine months. The company currently operates some 1,051 locations nationwide.
As previously reported, Five Below’s net sales for holiday 2020 jumped 21.1% to $722.3 million from $596.6 million in the year-ago period. Comparable sales increased by 10.1%.
Source: Chain Storeage
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