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Five Below preps 'flagship store' in ex-theater
As chain's sales growth slows
The biggest-ever Five Below discount store is prepped for its official opening Sept. 10, 9:30 a.m. It's a two-story location at 1529 Chestnut Street, in the old Arcadia Theater.
The Philadelphia-based, 25-state, 400-store chain pitches "extreme value merchandise" to junior-high and elementary-school kids. Shares have traded in the mid-$30s lately, double their 2012 IPO value but off 30% from the 2013 high, on lower-than-expected profit growth. Shares fell in after-hours trading today after another unexciting earnings report.