Retail's crucial fourth quarter measured favorably for bargain chain brands Five Below and Ollie's Bargain Outlet, with the former seeing a healthy spike in-store visits and the latter appealing to the perennial quest for inexpensive, fun shopping experiences.
According to Placer.ai, between September and December 2023, Five Below's year-over-year (YoY) monthly visits increased from 14.6% to 22.1%.
The rise was boosted by the chain's growth in store count and its strong reputation for holiday gift-finding. Additionally, it attracted shoppers with a growing selection of "Five Beyond" products, priced above the chain's traditional $5.00 ceiling.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
