Five Below Is Entering Minnesota Market

Five Below has signed its first lease in Minnesota, planning a new store in St. Cloud near Dick’s Sporting Goods to open later this year.  Ted Gonsior of Colliers is representing them here and is working on four additional  locations for 2016, with a potential of 25 to 30 stores over the next few years.  Five Below is a publicly held chain of stores based out of Philadelphia, with revenues of over $500m.  They sell products that cost consumers less than $5.00, with a target market of teens and pre-teens.  They currently have over 440 stores, with a prototype size of 9,000 sf.