Five Below is a chain of discount stores that sells products for $5 or less. Think of a dollar store, but pumped up with more options. The company targets teens and pre-teens as their main demographic. Even with these targets, there are still products that appeal to adults as well.
If you’re looking for a career, then its time to fill out a Five Below application so you can get your feet into this exciting branch of the retail industry. Today we’ll look at the company’s history, products, and culture. After that, we’ll look at the hiring process so you can find out how to get hired.
The Company’s History and Products
You’ll typically find Five Below locations in strip malls instead of stand alone buildings. The company was founded in October of 2002 by David Schlessinger who was also the founder of Encore Books and Zany Brainy. He was joined by Tom Vellios, the CEO of Zany Brainy.
The first location opened at the Gateway Shopping Center in Wayne, Pennsylvania. This location first opened on October 4th, 2002. As of May 2015 there were 360 Dive Below locations in 21 states, along with two distribution centers.
The company began expanding out from the Philadelphia Metro area into Illinois and Michigan in 2011. In 2012, Five Below moved to Georgia, Missouri, and Western Michigan in 2012, followed by Texas in 2013, and Tennessee in 2014.
In the year 2015 the company started opening new locations in Alabama, Kentucky, and Florida. The headquarters moved to a larger location in Philadelphia in 2011. The building it currently occupies is also the headquarters for Merrill Lynch, the American College of Radiology, eResearch Technology, and Philadelphia Magazine.
The company moved its New Castle distribution center to New Jersey in 2014, which added 275 jobs to the local economy. The products carried at Five Below range from a variety of categories. Here are some common examples:
- Trading Cards
- Sports Items
- Fashion Accessories
- Bath and Body
- Room Decorations
- School Supplies
- Computer Software
- Novelty Items
- Gag Items
- Seasonal Items
Five Below offers fundraising options for non-profit groups. Stores often partner with local groups to set up various organized events. Often these events allow people to come in and shop where 10% of the sales are donated back to the non-profit organization.
In the time since 2005, Five Below has managed to raise over $1 million for organizations around the country that promote well-being for children. One of the organizations they partnered with is Alex’s Lemonade Stand Foundation. They sold lemonade bracelets, gift cards, and pin-ups which have resulted in $300,000 donated to this organization alone.
Beginning in 2008, the company has been participating in a Halloween promotion that benefits the St. Jude Children’s Research Hospital. For this organization they have raised over $900,000.
Finally, in the wake of Superstorm Sandy, the company partnered with the American Red Cross to collect $50,000 in donations by taking $1 donations at the registers. They matched each contribution, resulting in a total $100,000 given to the charity.
While Five Below has the $5 and under industry under their control, there are other discount locations for you to apply. Once you’re finished here, check out Dollar Tree. After that, you should look at Marshalls. Finally, give TJ Maxx a look to see if their style suits you.
Five Below Application Online
The minimum age for employment at Five Below is 16. If you meet this requirement, you can head online and fill out the online forms at the company’s career page. The jobs available range from sales associate to stock clerk. These positions come with their own responsibilities that include checking out customers and replenishing merchandise.
The best part of working here is the ability to provide customers with trending brands at affordable prices. If you train and find yourself promoted to a managerial position, you’ll find that you have better pay and more responsibilities to go with it.
As the manager you will be responsible for hitting the sales goals, and also ensuring that the store is financially successful. You will hire and train new employees while working to fill various positions like keyholder, assistant manager, and general manager positions.
Benefits and Salary Information
Both entry-level and managerial positions offers great benefits and salary. For example, a sales associate can earn between $8.00 and $9.00 per hour as time goes on. To the same point, stock clerks will earn between $8.00 and $10.00 per hour.
Once you earn a manager’s position, you can expect to earn up to $50,000 per year. Check out some of these amazing benefits you can expect to earn during your time with Five Below:
- Dental, Medical, and Vision coverage
- 401(k) Retirement Plans
- Discounts on Merchandise
- Paid Vacation Time
- Bonus Programs for Managers
After reading all of this, you’re probably ready to fill out a Five Below application. Head on over to the company’s website now so you can start an exciting careers in retail!