Five Below, a popular grocery store focused on products for $ 5 and under, is undergoing a tremendous change: Its price has been increasing for the first time in 17 years.
No longer a shop, the dream of a bargain hunter, only selling items at a price of 5 or less. The store will now raise prices for certain items – including technology products and certain toys and games.
"We always did our best to absorb the cost increases," the company said in a statement. "We recently had to raise prices over $ 5 for technical items in order to continue to provide the products you like." below is a gift shop. "For electronics, Five Below adds a section called 'Ten Below Tech. "
But the name" Five Below "is one thing that doesn't change. The store – known for selling everything from makeup and clothing to candy – will retain its original name despite the change.
Most of the store's goods remain at $ 5 and under, according to the company.