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Five Below to Open First Stores in Alabama

Mar 10, 2015

PHILADELPHIA, March 10, 2015 (GLOBE NEWSWIRE) -- Five Below (Nasdaq:FIVE), the trend-right, extreme-value retailer catering to pre-teens, teens and beyond today announced its initial entry into Alabama with the opening of its first stores in Huntsville, Florence and Gadsden on Friday, March 13th.

"Entering Alabama is an important next step as we continue to grow our footprint across the country," said Joel Anderson, CEO of Five Below. "We're excited to open the first of what we hope to be many stores in this great state. These markets are ideal locations for our initial move into Alabama, as each boasts value-minded kids and parents looking for a fun place to shop for trend-right, high quality products at a great value."

The Philadelphia-based company is one of the fastest growing retailers in the country with more than 365 stores in 21 states. It expects to cut the ribbon on approximately 70 new stores this year, on top of opening 62 stores in 2014. Catering to teens, pre-teens and their parents, Five Below carries an ever-evolving and exciting assortment of cell phone cases and chargers, remote control cars, yoga pants, graphic tees, nail polish, footballs and soccer balls, tons of candy and seasonal must-haves for Easter, Halloween, Christmas and more. Everything, everyday, is just $5 and below. Its stores are a vibrant, colorful and high-energy destination.

For its Alabama grand opening on Friday March 13th, Five Below will hold a weekend-long grand opening party. The celebration includes special giveaways and deals, including their famous five-cent hot dogs served Friday and Saturday. Each of the three 7,500 square foot, Alabama stores will carry a dynamic selection of trend-right, high-quality merchandise, all priced at $5 and below.

Five Below products are grouped into one of eight in-store worlds: Style, Room, Sports, Tech, Crafts, Party, Candy and Now. Five Below's unique assortment features leading brands such as Lego®, Wilson®, Hasbro® and Peeps® and hot licenses from Disney® and Marvel® such as Frozen®, Despicable Me®, Avengers® and Star Wars®. Rounding out the assortment is merchandise packed with quality and value made exclusively for Five Below.

The Huntsville store is located in the Westfield Center (6275 University Drive NW, Huntsville, AL 35806); the Florence store is located at Cox Creek Shopping Center (390-A Cox Creek Parkway, Florence, AL 35630); and the Gadsden store is located at River Trace Center (526 Meighan Blvd East, Gadsden, AL 35903).

Store hours for each location will be Monday through Saturday, 10 a.m. to 9 p.m., and Sunday from 10 a.m. to 6 p.m.

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 in a fun and differentiated store environment, all priced at $5 and below, including select brands and licensed merchandise across a number of category worlds: Style, Room, Sports, Tech, Crafts, Party, Candy, and Now. Five Below is headquartered in Philadelphia, Pennsylvania. For more information, visit www.fivebelow.com.

CONTACT: Kelly Durcan

         (212) 253-4444

         Katelyn Yannie

         (212) 431-4694
Five Below

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