Five Below, a popular store featuring products for $5 and under, is undergoing change: Its price point is going up for the first time in 17 years. No longer will the store only sell items priced at $5 and under. Now, the store will be raising prices on certain items including tech products and certain toys and games.
“We’ve always done everything possible to absorb cost increases,” the company said in a statement posted on their website. “Recently, we had to raise prices above $5 on tech items to keep providing the products you love.
“For the toys and games priced up to $10, the company will keep them in a separate area of the store, called “Ten Below Gift Shop.” For electronics, the store is adding a section called “Ten Below Tech.” But the name “Five Below” is not changing. The store will be keeping its original name despite the change as most of the store’s merchandise remains at $5 and below, according to the company’s statement.
Five Below is located at 1047 E. Interstate 30 in Rockwall.
