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Philadelphia — Five Below Inc. plans to open 180 stores this year, which would grow the Philadelphia-based retailer’s footprint by 20%. The announcement came during the company’s fourth-quarter earnings call. Specific plans for the openings were not disclosed.
At the same time, Joel Anderson, president and CEO of Five Below, said the company also acquired the e-commerce platform, fulfillment operation and certain other assets of Hollar.com.
SOURCE: Five Below, Inc.