Five Below Will Open 150 New Stores
Five Below has announced that they plan to open 150 new store locations in the year 2019. When they are done added stores in 2019 they expect to have a total number of 900 stores.
“Our 2018 store openings are on track to be another record class with first-year average unit volumes expected to be over $2 million,” Joel Anderson Five Below CEO
Five Below seems to be on the shortlist of retail stores that are not being affected by the retail apocalypses. The discount retail has actually seen its sales increase by over 22 percent in 2018. The company forecasting to increase by another 3 percent in 2019.