Five Below, Inc. operates as a specialty value retailer offering merchandise for teen and pre-teen customers in the United States. The companys stores offer approximately 4,000 stock-keeping units across various product categories, including style, room, sports, media, crafts, party, candy, and seasonal. As of October 27, 2012, it operated 243 stores in Pennsylvania, New Jersey, Delaware, Maryland, Virginia, Massachusetts, New Hampshire, West Virginia, North Carolina, New York, Connecticut, Rhode Island, Ohio, Illinois, Indiana, and Michigan under the name Five Below. The company was formerly known as Cheap Holdings, Inc. and changed its name to Five Below, Inc. in July 2002. Five Below, Inc. was founded in 2002 and is headquartered in Philadelphia, Pennsylvania.