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Stock impact report

Value retailer Five Below to open flagship store on Fifth Avenue [CNBC]

Five Below, Inc. (FIVE) 
Last five below, inc. earnings: 3/18 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.fivebelow.com/investor-relations
Company Research Source: CNBC
Source: Five Below Value retailer Five Below is moving into one of the most desirable yet pricey shopping districts in the U.S.: New York's Fifth Avenue. The location, which will be Five Below's first in Manhattan, is set to open in November near Bryant Park in between 44th and 45th streets, the company told CNBC. It will be about 10,800 square feet, compared with an average Five Below store that's roughly 8,000 square feet. The move comes as New York, along with the rest of the U.S., has seen a glut of vacant storefronts come back on the market. Companies like Bon-Ton and Toys R Us have filed for bankruptcy in recent months, shuttering hundreds of stores across the country as a result. In New York specifically, growth has been hampered by sky-high rents and brokers unwilling to negotiate on price and lease terms. More recently, however, the situation has improved — landlords are more willing to accommodate and pricing pressures have eased, r Show less Read more
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