The company aims to open more than 200 stores throughout the course of the year as well as convert over 400 stores to its new “Five Beyond” format.
The Five Beyond concept consists of an in-store shop that features higher-priced items. Now situated in some 250 locations, the idea evolved from the chain’s “Ten Below” pilot that features a section of merchandise priced above the retailer’s signature $5 price threshold.
“We are pleased with our holiday performance, with results in the upper end of our fourth quarter sales guidance range,” stated President and CEO Joel Anderson. “We believe our diverse eight worlds and WOW merchandise offering along with increased and more targeted marketing effectively highlighted the tremendous value for our customers.”
