The Wall Street Journal: Is discount retailer Five Below the Amazon-proof store?

Many retailers are closing stores. Five Below Inc. can’t seem to open them fast enough.

The chain FIVE, +0.76% , which sells everything from Spalding basketballs to Bluetooth headphones and yoga mats for $5 or less, might be the most successful retailer you’ve never heard of.

By the end of this year, Five Below’s store count will have nearly quadrupled to 750 locations since its 2012 initial public offering, with its latest location opening Friday in Manhattan—the chain’s first in the New York City borough.

All that growth hasn’t cannibalized existing locations, which have posted sales increases in all but one of Five Below’s 25 quarters as a public company.

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