Five Below Announces Over 75% Stores Reopened

5/29/20

PHILADELPHIA, PA, May 29, 2020 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE), the trend-right, high-quality extreme-value retailer for tweens, teens and beyond, today provided an update on its store reopening program.

“We are thrilled to be in a position to have reopened over 75% of our stores with strict health and safety protocols implemented, and to have resumed our new store program,” said Joel Anderson, President and CEO. “We have reopened stores in all but four of our states, where curbside pickup is available as allowed. Our store associates have embraced our new ways of working and operating, and I have been impressed with their enthusiasm and commitment throughout this challenging period. Five Below offers a WOW assortment at incredible value with a fun shopping experience where customers can find the latest tees, sports, games and toys for summer, as well as our new everyday essentials and more. We are delighted to be open for customers and to help them Kickstart the Fun Again!”

In addition to reopening over 700 stores since April 21st, Five Below has opened a total of 40 new stores to date in 2020 and continues to expect to open 100 to 120 new stores this year. New store opening information can be found on https://locations.fivebelow.com/coming-soon.html.

Stores have been updated with appropriate social distancing signage and safety protocols, including increased cleaning and availability of personal protective equipment. Specific information about reopenings including new store hours can be found on https://locations.fivebelow.com.

About Five Below:

Five Below is a leading high-growth value retailer offering trend-right, high-quality products loved by tweens, teens and beyond. We know life is way better when you're free to "let go & have fun" in an amazing experience filled with unlimited possibilities. With most items priced $1-$5, and some extreme value items priced up to just $10, we make it easy to say YES! to the newest, coolest stuff across 8 awesome Five Below worlds: Style, Room, Sports, Tech, Create, Party, Candy and Now. Founded in 2002 and headquartered in Philadelphia, Pennsylvania, Five Below today has over 900 stores in 36 states. For more information, please visit www.fivebelow.com!