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David Schlessinger, founder of Encore Books and Zany Brainy, and Tom Vellios, former CEO of Zany Brainy, founded Five Below on October 4, 2002 in Wayne, Pennsylvania. On March 18, 2020, Five Below announced the temporary closing of all stores due to the COVID-19 outbreak.
Jan 14, 2017 · “Our two founders, David Schlessinger and Tom Vellios, created a great concept. It was, and remains today, unduplicated. And it’s a concept that while it targets teens and tweens is...
Mar 21, 2018 · “David Schlessinger and I founded Five Below 16 years ago with a promise to build an amazing store for teens and pre-teens that offers trend-right, high-quality merchandise all at $5 or less,” said Tom Vellios.
Oct 26, 2018 · When David Schlessinger and Tom Vellios thought of the concept, they identified that teenagers and their parents represented a market worth $200 billion. Now there are ambitions of riding...
- Evan Easterling
People also ask
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Dec 3, 2015 · "David and I co-founded Five Below thirteen years ago with the goal of building an amazing store for teens and pre-teens that offers high quality, trend-right products all at $5 and below," said Tom Vellios, Co-Founder and Executive Chairman of Five Below.
Apr 3, 2022 · The company's founders, Tom Vellios and David Schlessinger, made a point of talking to every customer in the original store in Wayne, Pennsylvania, solidifying the chain's reputation as a...
David Schlessinger and former Zany Brainy CEO Thomas Vellios would later open a chain of discount stores named Five Below in October 2002. Zany Brainy was revived as an online store in 2020, with a select line of products.
