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Five Below is setting up another store in LA, following post-COVID reopenings throughout the summer. The new storefront is at 5850-5852 S Vermont Ave in Suite 10, a South Los Angeles warehouse that used to house K-Mart.
Joel Anderson, CEO of the popular youth discount shopping center, confirmed with What Now Los Angeles (WNLA) that the opening is happening, but didn’t specify an exact date. “LA is a great new market for us,” Anderson said in an email. Currently, there are 57 California locations with 45 being in SoCal. A rep for Five Below did, however, give a tentative opening timeline of February 2021. “This is a continuation of our Southern California expansion plans,” the Five Below rep stated. “We are pleased with the quality of our new store rollout in Southern CA over the past few years and see a very long runway for future stores, not only in Los Angeles County, but the entire state.”
“This retail node was attractive to Five Below because of the very high population density with limited quality retail options for the consumers in the surrounding neighborhoods,” the rep told WNLA. “Joining the redevelopment of the former K-Mart with a new Ross Dress for Less and dd’s Discount provided a great opportunity for Five Below to meet the consumer needs for trendy and fun items.”
Since Five Below began rapidly reopening stores following their March closure, the company announced a new change of pace for shoppers, including thorough cleanliness precautions and reduced hours to accommodate “extra cleaning,” the website said in an update. It will take some time before Five Below takes over the 10,000 square-foot space. As far as tidying up the place and preparing for a winter move, “the store will entail the latest and greatest features of a Five Below location with unbeatable value and trend-right products for all ages,” the rep stated in an email.
“We wake up every day trying to deliver more value,” said Anderson. “We also have to create a memorable store experience — with music blasting and associates who have energy. Most retailers don’t achieve both. I think we truly deliver value in a store experience like no other.”