National retailer Five Below will locate its 850,000 square foot western U.S. distribution center in the Phoenix suburb of Buckeye, Arizona.
According to Buckeye, Arizona officials, the company will invest more than $75 million in land and building, and initially create around 150 jobs, with plans to nearly double to 290 jobs over five years. Five Below plans to open its distribution center in the second half of 2021.
Joel Anderson, CEO & President of Five Below, stated, “We are really excited to continue our expansion out West and to build out our distribution network. The center will initially service stores in Arizona, California, Nevada and Colorado, with capacity to expand as we enter new Western states over the coming years, as well as to support future eCommerce operations.”
“Five Below’s expansion in Greater Phoenix exemplifies the opportunity that our region affords a company looking to expand its southwest operations and distribution model,” says Chris Camacho, president & CEO of the Greater Phoenix Economic Council. “This is yet another win for the West Valley, and residents have new employment opportunities that help bolster our regional economy at a critical juncture.”
Buckeye Mayor Jackie Meck adds, “Five Below and Buckeye are a perfect fit for each other. Five Below is one of the fastest growing retailers in the country and Buckeye is one of the fastest growing cities in the country.” Meck continues, “Despite the recent challenges of COVID-19, the city continues to move forward with significant new projects, like Five Below.”
The Philadelphia-based retailer currently operates over 950 stores, including nine in Arizona, across 38 states, with plans to grow to over 2,500 stores in the U.S.