Who owns 5 below

Share on email. Third Point declined comment. About the author. Alexandra Garfinkle. Receive a macro view of the global leadership landscape, trends, and implications for you and your business in your inbox every Thursday. More To Explore. BoardEx November 8, BoardEx November 4, Amplify your network. Those who do not have one that is nearby have yet to discover the savings they can find on thousands of everyday items.

This is a popular chain store with an interesting history and business model. Then there are the rest of us who remember how exciting it was when they first opened their doors. The founders of the company are David Schlessinger and Tom Vellios. The two entrepreneurs put their talents together and opened first one store, then turned their brilliant enterprise into an entire chain of discount stores.

Here is an interesting fact that we discovered when we were researching the history of Five Below. Schlessinger is also the guy who founded Encore Books as well as Zany Brainy. Tome Vellios, who also helped to establish Five Below was formerly the CEO of Zany Brainy and the two have a long history of successful business ventures together.

As a part of their strategic plan and business model, the owners and directors of the company prefer to open up their five below locations in metropolitan areas, preferably in strip malls and in major shopping centers that have multiple other retailers in operation nearby. One of the reasons that this is such a good idea is that it places the discount store in high traffic areas and it also helps to show how much more shoppers can save on a variety of items that are offered for much more in most cases at the shops that are nearby.

They first opened stores in Illinois, then in Michigan in They continued their expansion in by opening more stores in the chin in Western Michigan, Kansas, Georgia and Missouri. Just two years later they entered into the State of Texas, and then the following year in , Five Below stores opened in Tennessee.

The most recent expansion was in with stores opening in Arkansas with California locations opened in , and there are plans to open yet more stores in Colorado, Arizona, Nevada, New Mexico and Utah in There are a total of stores open within thirty three states.

There are also currently two distribution centers open. The first big move that Five Below made was to relocate their corporate headquarters in They moved to a larger headquarters in Philadelphia, PA. At this point in their history they had outgrown their previous location and they were in need of a much larger facility. Five Below went public in July of and make their first appearance on the Nasdaq. This was a huge event in the history of Five Below as they became a publicly traded company and obtained a spot in the marketplace.

Five Below is good for the economy of the communities that they open new locations in. They not only add more jobs for the locals, each store quickly becomes a hub of shopping activity. This is why Five Below stores are usually very busy. George P. Ryan Director-Real Estate. David Towery Real Estate Manager. Christina M. Hernandez Real Estate Manager. Danielle Bruno Real Estate Analyst. Susanne Medvid Manager-Lease Administration.

Christina Stamatelos Architectural Project Manager. Eric Munn Real Estate Coordinator. Seth Robbins Real Estate Coordinator. Judith L. Werthauser Chief Experience Officer. Michael Romanko Chief Merchandising Officer. Patrick Buckley Senior Counsel. Zuhairah Scott Washington Independent Director. Ryan Independent Director. Ronald L.

Sargent Independent Director. Michael F. Devine Independent Director. Catherine Elizabeth Buggeln Independent Director. Barclay Independent Director. Markee Independent Director. Lathi Independent Director. Insider Trading Five Below Inc. Ownership Five Below Inc. The Vanguard Group, Inc.

LLC 6. LLP 3. Global Investors 3. World Investors 2. Rowe Price Associates, Inc. Investment Management 2.