Five below, a popular store focusing on products for $ 5 and under, is undergoing a huge change: The price tag goes up for the first time in 17 years.
No longer will the store, a price-hunter's dream, no longer sell only items priced at $ 5 and below. Now the store will raise prices for certain items – including tech products and certain toys and games.
"We have always done everything possible to absorb cost increases," the company said in a statement. "Recently, we had to raise prices above $ 5 on technical goods to continue to deliver the products you love."
For the toys and games priced up to $ 10, the company will store them in a separate area of the store, called "Ten Below Gift Shop." For electronics, Five below adds a section called "Ten below Tech." [1
Most of the store's goods are still on $ 5 and under, according to the company.