PITTSBURGH — Five Below, a value retailer geared toward teens and pre-teens, has signed a lease for its 100th store and its first in the Pittsburgh market. The new store, which will be located in the Waterworks Shopping Center on Freeport Road, is slated to open in November. The retailer also has plans to open three more locations in Butler, Cranberry and Altoona, Pennsylvania, next year. With the signing of the lease for its 100th store, Five Below will operate in nine states on the East Coast, from New Hampshire to Virginia. The company plans to open 10 to 15 additional stores in the Pittsburgh market and grow to more than 200 total locations over the next 2 years. In addition, Five Below is evaluating new markets from New York, Ohio and North Carolina, among others, for entry.
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