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Thats right: ten stores. Count 'em. If you thought it was a big deal being organized enough to open one store location, try opening ten stores in one day. That is exactly what Philly-based retailer Five Below did at 10am this morning. If there were any better reason for a suburban Beliebers to play hooky from school, we've found it.
“No other time in our company history have we entered a market with such strong momentum,” says Five Below co-founder David Schlessinger. “As one of the largest markets in the country and a well-known mecca for retail, Chicago offers many exciting opportunities for Five Below and will serve as a key foothold as we continue our rapid geographic expansion across the Mid-West. We’re very excited to be bringing our model of high-quality, trend-right merchandise at unbeatable prices to the residents of this region.”
The stores sell fashion accessories like nail polish sunglasses, colored hair extensions, MLB cards, candy like Pocky, DVDs, video games, sports equipment, toys, games and temporary tattoos. All merchandise hence the name, is priced between $1 and $5.
Today's openings are Bradley Commons, Bohl Farm in Crystal Lake, Countryside Plaza, Fabyan Crossing in Geneva, Forest Plaza in Rockford, Hawthorn Hills Square, Joliet Commons, Merrillville Plaza, Orland Towne Center and Miguel del Valle's favorite shopping center, The Brickyard on Diversey.
Later this summer, Five Below will open an additional 10 stores in Greater Chicago, bringing its total in the region to as many as 20 by year-end. Over the next few years, Five Below will expand its presence in the Midwestern area to include as many as 75 stores.
· Five Below [Official Site]