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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...
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...
Dec 3, 2015 · Five Below, Inc. (Nasdaq:FIVE), the leading retailer of extreme-value merchandise for teens, pre-teens and beyond, today announced that Co-Founder David Schlessinger has decided to step down from Five Below's Board of Directors to pursue personal interests.
Apr 2, 2020 · • Founded in: 2002 in Wayne, PA by David Schlessinger & Tom Vellios. • Store count: 900+ stores in 36 states with 1,600+ more to come! • Average store size: 8,500 square feet. • Sales: 2016 sales hit $1B. $1.3B in 2017. 1.5B in 2018 and guiding to ~1.8B in 2019. • Publicly traded: NASDAQ: FIVE. what’s trending rn?
Co-founders, Tom Vellios and David Schlessinger recognized a massively under-served market as they studied the needs and wants of the 8 to 14-year-old. They landed on the idea to create a place where kids could go after they had outgrown the toy store.
View David Schlessinger’s profile on LinkedIn, a professional community of 1 billion members. co founder and chairman at Five Below · Experience: Five Below · Location: Philadelphia · 435 ...
- Five Below
Oct 20, 2014 · CEO and co-founder Tom Vellios has been taking his colorful stores to dozens of new communities each year, offering a simple pitch: Everything costs less than $5. From iPhone covers to candy and indoor play sand, it's all targeted to teens and tweens, and sales are booming. Advertisement.
