PHILADELPHIA--(BUSINESS WIRE)--Five Below, the leading retailer of extreme-value merchandise for teens, pre-teens, and beyond, and one of the fastest growing retailers in the U.S., is at it again in 2012. On Friday, March 16, the retailer will open three new stores, the first of 50 planned openings in 2012. With these openings, Five Below will increase the number of stores in Connecticut to three, and add to its expansive presence in Massachusetts.
The new stores are located in The Plaza at Buckland Hills, at 1510 Pleasant Valley Road in Manchester, Conn.; Waterford Commons, at 917 Hartford Turnpike in Waterford, Conn.; and Dedham Mall, at 340 Providence Highway in Dedham, Mass. With these new locations, Five Below will operate three stores in Connecticut and eight in Massachusetts.
“Over the past two years, Five Below has experienced tremendous growth and nearly doubled in size. We are eager to open these three new locations and kick off what is going to be another momentous year for our company,” says Five Below Co-Founder and CEO, Tom Vellios. “This spring we are going to cross the 200-store threshold, and over the course of the year, we’ll open over 40 additional stores, including a dozen in two new markets.”
Five Below carries the latest products and trends in fashion, cosmetics, electronics accessories (such as iPad and iPhone chargers and cases), toys, games, arts and crafts, collectibles, DVDs, video games, and more—all for $1 to $5. At opening, the stores will also have a full lineup of spring merchandise, including a wide array of Easter baskets, candy, and other basket stuffers.
To celebrate the grand openings, each new store will be giving away free Five Below T-shirts with any purchase to the first 300 customers each day during opening weekend. Five-cent hot dogs and other prizes, including a $100 Five Below shopping spree, will also be available.
Hours of operation during grand opening weekend are: Friday and Saturday, 10 a.m. to 9 p.m. EDT, and Sunday, 11 a.m. to 7 p.m. EDT.
About Five Below, Inc.
Five Below is the leading retailer of trend-right, extreme-value merchandise to the teen and pre-teen market. Five Below’s dynamic assortment of merchandise offers everything from trend-right fashion accessories to the latest DVDs, iPod accessories, and more—all for $1 to $5. Five Below was founded in 2002 by David Schlessinger, founder of Zany Brainy and Tom Vellios, former CEO of Zany Brainy. Five Below is based in Philadelphia, Pa.