Five Below Springs Forward with 6 New Michigan Stores
PHILADELPHIA--(BUSINESS WIRE)-- Five Below, Inc. (NASDAQ: FIVE), the leading retailer of extreme-value merchandise for teens and pre-teens, will expand its presence in Michigan by launching six new stores on April 12, 2013. Five Below’s recent track record of successful openings in Michigan, combined with strategic real estate opportunities, is fueling the growth. The six new stores will add to Five Below’s current 18 Michigan locations and bring its selection of trend-right, high-quality merchandise to new parts of western Michigan.
“Our Michigan customers have voted, and they’ve shown tremendous enthusiasm for Five Below’s brand-name, trend-right merchandise for teens, pre-teens, and shoppers of all ages,” said Tom Vellios, CEO and co-founder of Five Below. “In opening these six stores, we’ll create new opportunities for local Michigan communities to find a dynamic assortment of tech, fashion, beauty, crafts, and seasonal must-haves, all priced at $1 to $5.”
The six stores will open in the following locations:
- Fairplain Plaza at 970 E. Napier Ave., Benton Harbor, Mich.
- Maple Hill Mall at 5210 West Main St., Kalamazoo, Mich.
- Meridian Towne Center at 4904 Marsh Rd., Okemos, Mich.
- West Valley at 3435 Tittabawassee Rd., Saginaw, Mich.
- Crossings at Taylor at 23853 Eureka Rd., Taylor, Mich.
- Waterside Marketplace at 50579 Waterside Dr., Chesterfield Township, Mich.
To celebrate the grand opening of the new stores, each new Five Below location will give away a free Five Below t-shirt with any purchase to the first 300 customers through Friday, Saturday, and Sunday, April 12 to 14, and one customer will win a $100 shopping spree. Five Below will kick off opening weekend on Friday and Saturday with five-cent hot dogs and a number of other contests and giveaways.
The new stores will be open on Monday through Saturday from 10 a.m. to 9 p.m. and on Sunday from 11 a.m. to 6 p.m.
Five Below operates in 19 states, from New Hampshire to Georgia along the East Coast to Illinois and Missouri in the Midwest. Five Below’s plan to open up to 60 new stores in 2013 will bring the number of locations to approximately 300.
About Five Below
Five Below is a rapidly growing specialty value retailer offering a broad range of trend-right, high-quality merchandise targeted at the teen and pre-teen customer. Five Below offers a dynamic, edited assortment of exciting products, all priced at $5 and below, including select brands and licensed merchandise across a number of category worlds. Five Below is headquartered in Philadelphia. For more information, visit www.fivebelow.com.
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