# Five Below

Five Below is a Retail Corporation based in King of Prussia, United States.

## Overview

- **Organization type:** Retail Corporation
- **Headquarters:** King of Prussia, United States
- **Region:** North America
- **Address:** King of Prussia, PA, United States
- **Founded:** 2002
- **Assets under management:** Undisclosed
- **Website:** www.fivebelow.com
- **LinkedIn:** https://www.linkedin.com/company/five-below

## Regulatory record

- **Reports private funds:** No

## About

Five Below is a retail company based in Philadelphia, Pennsylvania. It specializes in offering a variety of products, including style, room decor, beauty products, sports equipment, and more, all priced under $5. The company caters to a diverse customer base.

## Sectors

- Retail
- Consumer Discretionary
- Discount Stores

## Offices

- Philadelphia, PA
- Hillsboro, OR

## People

- Joel Anderson — CEO
- Kenneth Bull — CFO
- Thomas Vellios — Co-Founder & Executive Chairman
- David M. Sable — Co-Founder

## Questions

### Who runs investment decisions at Five Below?

CEO Joel Anderson oversees all strategic capital allocation, including store expansion and supply chain investments. The finance function, led by CFO Kenneth Bull, manages cash flow and balance sheet decisions. The board, chaired by co-founder Thomas Vellios, approves major capital expenditures and share repurchase programs.

### How does Five Below source proprietary deal flow?

Five Below does not operate as an investment firm; its activity is retail operations. The company sources products through global importers, direct vendors, and private-label development. It does not participate in fund commitments or direct deals.

### What investment stages does Five Below typically target?

Five Below does not invest externally. Its capital deployment is entirely internal — new store openings, supply chain infrastructure, and technology upgrades. The company does not make venture or private equity investments.

### Which sectors does Five Below explicitly avoid?

Five Below avoids categories that exceed its $5 price ceiling, such as large electronics, luxury goods, and fresh groceries. It does not offer services, memberships, or credit products.

### How is Five Below related to its founders?

Co-founder Thomas Vellios serves as Executive Chairman and remains actively involved in strategy. Co-founder David M. Sable left the board in 2017. The founding team did not retain a controlling equity stake post-IPO.

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Last updated: 2026-06-03T20:00:00.000Z

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