Five Below increases prices on select items
(WENY) – Pricing changes are at Five Below. Stores will start selling items for above $5 for the first time in 17 years.
The company said “we've always done everything possible to absorb cost increases. Recently, we had to raise prices above $5 on tech items to keep providing the products you love.”
Items that will cost up to $10 will be placed in separate selections of the sores. They will have a toys and game section called “ten below gift shop” and an electronics section called “ten below tech.”
The company said most of its merchandise will remain below $5. With this being said, the store's name will not change.