Hot Teen Retailer Five Below Storms Houston With Eight New Store Openings Friday

HOUSTON, June 4, 2014 /PRNewswire/ -- Area teens and tweens - and their parents – are about to experience the trend-right, extreme-value retail phenomenon of Five Below (NASDAQ: FIVE), when the popular retailer opens its first eight stores in and around Houston this Friday, June 6.

The fast-growing company offers teenagers, pre-teens and their parents a dynamic assortment of tech, fashion, beauty, crafts and seasonal must-haves, all priced at $1 to $5.

The eight new stores will be located in the following areas:

• Houston (Hedwig Village, Northwest Marketplace, and Willowbrook Plaza)
• Missouri City (Riverstone Shopping Center)
• Copperfield (Copperfield Village Shopping Center)
• Webster (Baybrook Square)
• Richmond (Bella Terra Shopping Center)
• Tomball (Tomball Marketplace)

The grand openings mark Five Below's first foray into Houston.  The company currently has 15 stores in the Dallas and Austin markets.  Last year, the Philadelphia-based retailer opened 60 new stores, and has plans to open approximately 60 stores this year.  With the Houston openings, there will be 338 Five Below stores in 20 states throughout the country.

Five Below offers tons of fresh, high-quality and trend-right items that fall into different in-store sections: Style, Room, Sports, Tech, Crafts, Party, Candy and Now.  Each new store is approximately 7,500 square feet in size.  The company estimates that the stores will generate up to 300 new jobs throughout the area.

"We all know that you have to go big in Texas, and that's what we're doing by opening eight new stores in one day in Houston," said Thomas Vellios, CEO and co-founder of Five Below.  "We will deliver our unique shopping experience, trend-right merchandise and great values to the Houston pre-teen and teen customer and their parents.  And this attractive new market is primed to take advantage of our unique store concept.  We've had tremendous success in our other Texas stores, and we expect Houston to get hooked on Five Below, as well."

Founded in 2002, Five Below has expanded rapidly over the past few years.  In March, the company entered Nashville with three new stores and followed it up with two additional stores in Tennessee.

Five Below will hold simultaneous grand openings at all eight stores with giveaways, coupons and contests.  There will be five-cent hot dogs served Friday and Saturday, and the first 100 people in line Friday at each Five Below will receive a mystery ticket worth up to "100 Five Below Bucks."  One lucky winner will receive a $100 shopping spree.

All new Five Below stores will be open Monday through Saturday, 9:30 a.m. to 9:00 p.m., and Sunday from 10:00 a.m. to 6:00 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. For more information, visit www.fivebelow.com.

SOURCE Five Below