The popular store known for selling its products for $5 or less is raising its prices.
For the first time in 17 years, Five Below will start selling its products above $5.
[Ads /]
"We've always done everything possible to absorb cost increases," the company said. "Recently, we had to raise prices above $5 on tech items to keep providing the products we love."
The items costing up to $10 will be in separate sections of the store. They will also have a toys and games section called "10 below gift shop" and an electronics section called "10 below tech."
[Ads /]
The company said it will keep the name "Five Below" because most items in the store remain $5 or less.