Philadelphia — Specialty value retailer Five Below's fourth quarter total sales for the period from October 28, 2012 through January 12, 2013 increased 34% to $158.5 million, while comparable store sales for the same period increased 4.2%.
Five Below has proposed a secondary offering of 7,000,000 shares of its common stock, amid reports that sales are not as bad as originally feared.
All the shares are being offered by selling shareholders, including certain members of Five Below's management team and board and board affiliates. The underwriters will have a 30-day option to purchase an additional 1,050,000 shares of common stock. The Philadelphia-based specialty value retailer, which went public April 2012, will not receive any proceeds from