Table of Contents
Can you own a Five Below store?
No, we do not franchise our stores. We lease and operate all of our own stores.
What do Five Below stores carry?
Five Below is a discount-store chain that sells everything from books to clothes for under $5. Five Below is one of several dollar stores that have been doing well lately, like competitors Dollar General and Dollar General.
What is 5 below called now?
When Five Below began testing a new concept called Ten Below in its flagship store on Market Street last year, though, it signaled a double shift — and not just mathematically.
How many stores does Five Below have?
Number of Five Below stores in the United States from 2017 to 2020
| Characteristic | Number of stores |
|---|---|
| 2020 | 1,020 |
| 2019 | 900 |
| 2018 | 750 |
| 2017 | 625 |
Who is the CEO of Five Below?
Joel D Anderson (1 Feb 2015–)
Five Below/CEO
How much do Five Below employees make?
Five Below Jobs by Hourly Rate
| Job Title | Range | Average |
|---|---|---|
| Job Title:Sales Associate | Range:$8 – $14 | Average:$10 |
| Retail Store Assistant Manager | Range:$10 – $18 | Average:$13 |
| Merchandising Manager | Range:$11 – $19 | Average:$15 |
| Assistant Store Manager | Range:$10 – $20 | Average:$14 |
How much does it cost to open a Five Below store?
It costs $300,000 to open a Five Below store, and each new location generates about $450,000 in operating income within the first year. New stores have a cash payback period of just seven months!
Does 5 below sell stuff over 5 dollars?
Five Below, a popular store focusing on products for $5 and under, is undergoing a colossal change: Its price point is going up for the first time in 17 years. No longer will the store, a bargain hunter’s dream, only sell items priced at $5 and under. But the name “Five Below” is one thing that’s not changing.
How much do five below employees make?
How does five below make money?
Before the Pennsylvania-based brand hit its heyday, sure, they took a loss on the sale of $5 bluetooth speakers. But now that the company generates $1.5 billion in revenue, they are in a better position to haggle with manufacturers, so that they actually do earn margin on each sale, according to The Motley Fool.
Do 5 below employees get a discount?
20% Employee discount was the only positive, and even that isn’t that great when everything is $5 or less.
What is the minimum wage for Five Below?
Five Below Jobs by Hourly Rate
| Job Title | Range | Average |
|---|---|---|
| Assistant Store Manager | Range:$10 – $20 | Average:$14 |
| Merchandise Manager | Range:$11 – $20 | Average:$15 |
| Cashier | Range:$8 – $14 (Estimated *) | Average:$11 |
| Customer Experience Manager | Range:$10 – $18 (Estimated *) | Average:$14 |