The youth-oriented retail company has acquired zoning permits for the former site of a Rite Aid, according to the Philadelphia Business Journal.
The news of the Philadelphia location comes as Five Below has been in the midst of an expansion. Last year, the company’s CEO, Joel Anderson, told The Inquirer the business: one on Chestnut Street and another on Market Street. The company also has a store on South Columbus Blvd and at the Aramingo Crossings shopping center, according to its website.
Five Below has been making shifts to how customers checkout at stores. In March, Anderson announced that the business intended to have 75% of purchases processed by a cashier across stores in an effort to, according to Fast Company. Stores that are seeing the highest loss of inventory would adjust to have 100% of transactions processed by a cashier.
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