Five Below expands to Pacific Northwest

Core Insights - Five Below is expanding its store presence by entering the Pacific Northwest region of the U.S. with eight new stores opening in November [3][7] - The company reported a net sales growth of over 23% year over year, exceeding $1 billion, with comparable store sales increasing over 12% [4] - Five Below plans to open approximately 150 net new stores in fiscal 2025, projecting net sales between $4.44 billion and $4.52 billion [4] Company Developments - Under the leadership of CEO Winnie Park, who assumed the role in December, Five Below has made significant changes to its executive team, including new appointments for chief merchandising officer and chief financial officer [5] - The CEO expressed satisfaction with the store openings this year and highlighted the potential for further expansion in new markets, particularly in the Pacific Northwest [6] Store Expansion Details - The new stores in the Pacific Northwest will host grand opening events on November 8, featuring giveaways and exclusive deals, with the first 100 customers receiving a $10 gift card [7] - Locations for the new stores will include malls and neighborhood shopping centers, some of which are former Party City locations, as Five Below was a top bidder for Party City's store leases after its bankruptcy [7]