Five Below is opening 150 new stores this year as other retailers close. Here’s a list of locations coming soon

Retail store closures have been a common story in 2025. This month alone, the U.K.-based lifestyle and apparel chain FatFace announced that it would shutter its remaining stores in America. And just this week, tween accessory and apparel chain Claire’s listed hundreds of store closures in a revised bankruptcy filing.

But at least one retailer has been bucking the trend of closures. Specialty discount chain Five Below has announced that it plans to open around 150 new stores during its fiscal year 2025. The company, which has been popular with Gen Z shoppers, appears to have an edge over some of its competitors as consumers who are worried about economic instability rein in their spending.

Here are the upcoming locations, along with key details about the openings.

Five Below announces 150 new stores for 2025

Yesterday, Five Below, Inc. (Nasdaq: FIVE) reported its second-quarter earnings for fiscal 2025. For the most part, the company had a good quarter. Here are the most important metrics it reported for the three-month period ending August 2:

• Net sales: $1.02 billion (up 23.7% from the same quarter a year earlier)
• Net income: $42.8 million (up from $33 million in the same quarter a year earlier)
• Adjusted diluted income per common share: 81 cents (versus 54 cents in the same quarter a year earlier)

Announcing the results, Five Below CEO Winnie Park said they “exceeded our sales and earnings expectations” and demonstrated “the effectiveness of our strategy and are a testament to the hard work, dedication, and tight collaboration of our teams across the company, especially in an ever-changing tariff environment.”

In addition to the above numbers, Five Below also announced that it opened 32 net new stores during the quarter, bringing the company’s total number of locations to 1,858 stores across 44 states. For the first half of its fiscal 2025, the company has now opened 87 net new stores. 

It also revealed that for its current third quarter, it expects to open another 50 or so net new stores. For all of fiscal 2025, it expects to open approximately 150 net new stores.

With 87 of those locations already opened, that means Five Below expects to open around an additional 63 locations during the last six months of its fiscal 2025.

Where are the upcoming Five Below stores?

Five Below did not provide a full list of the locations for its upcoming stores. Fast Company reached out to the retailer for more details and will update this post if we hear back.

However, Five Below does list some of its upcoming locations on its website. As of Thursday, those locations consisted of 23 stores across 18 states. The opening dates for these locations are August 29 or September 5, 12, 19, or 26, depending on the venue.

Alabama

• 66 Market Terrace, Suite 600, Oneonta, AL 35121
• 2759 Eastern Boulevard, Montgomery, AL 36117

Arizona

• 7515 West Encanto Boulevard, Suite 10, Phoenix, AZ 85035

Arkansas

• 2203 S Promenade Blvd, Suite 20415, Rogers, AR 72758

California

• 3902 Missouri Flat Rd, Placerville, CA 95667
• 580 Francisco Blvd W, San Rafael, CA 94901

Florida

• 2539 Countryside Boulevard, 7A, Clearwater, FL 33761

Georgia

• 853 Rowland Drive, Moultrie, GA 31768
• 249 Robert C. Daniel Jr. Parkway, Augusta, GA 30909
• 1892 Mount Zion Road, Morrow, GA 30260

Illinois

• 5247 IL Route 251, Peru, IL 61354
• 450 River Oaks West, Calumet City, IL 60409

Indiana

• 2363 Hwy 135 NW, Suite 113, Corydon, IN 47112

Iowa

• 501 Bass Pro Dr, Suite 400, Altoona, IA 50009

Maryland

• 5600 The Alameda, Baltimore, MD 21239

Michigan

• 5114 28th Street SE, Suite A, Grand Rapids, MI 49512

Mississippi

• 194 Covenant Dr., Batesville, MS 38606

Missouri

• 21 Conley Road, Columbia, MO 65201

New Jersey

• 3131 John F. Kennedy Blvd, Suite B, Union City, NJ 07087

New York

• PRELIM: 2255 E Ridge Rd, Irondequoit, NY 14622

Ohio

• 141 Wooster Rd N, Barberton, OH 44203

Tennessee

• 1633 Decatur Pike, Athens, TN 37303

Wisconsin

• 1501 N Broadway St, Suite #5, Menomonie, WI 54751

Five Below stock price rises

After Five Below announced its earnings yesterday, shares of the discount retailer are rising in premarket trading this morning, as of the time of this writing.

Currently, FIVE stock is up over 4.5% to $151 a share. FIVE shares closed up 1.71% yesterday.

Before today’s premarket rise, FIVE shares had jumped more than 37.5% since the year began. Over the past 12 months, FIVE shares have surged 75% as of yesterday’s close.

Its continued opening of new stores is a sign that the company’s leadership has faith in its growth trajectory, even as retailers across America are closing their doors.

Earlier this year, Coresight Research forecast that approximately 15,000 retail locations across America would close in 2025, while around 5,800 would open. With Five Below’s continued store expansion, it is clearly in the latter group.