Business
Five Below Announces Over 75% Stores Reopened
Growth Continues with 40 New Stores Opened To Date in 2020 PHILADELPHIA, PA, May 29, 2020 (GLOBE NEWSWIRE) -- Five Below, Inc. (NASDAQ: FIVE), the
About this update from Five Below, Inc.
[{"type":"text","content":"Growth Continues with 40 New Stores Opened To Date in 2020\nPHILADELPHIA, 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.\n “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. Forward-Looking Statements: This news release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 as contained in Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which reflect management's current views and estimates regarding the Company's industry, business strategy, goals and expectations concerning its market position, future operations, margins, profitability, capital expenditures, liquidity and capital resources and other financial and operating information. Investors can identify these statements by the fact that they use words such as \"anticipate,\" \"assume,\" \"believe,\" \"continue,\" \"could,\" \"estima...