- Associated Press - Thursday, September 11, 2014

NEW CASTLE, Del. (AP) - Five Below, a retailer that sells items to pre-teens and teens for $5 and less, is moving its distribution operations from New Castle to Oldmans Township, New Jersey.

The company said in a news release that the new facility will open next summer. Five Below says it expects all 175 employees to continue in their current positions in the move, and 100 more jobs are expected to be created in the coming years.

The News Journal of Wilmington reports (https://delonline.us/1BvSY7V) that the new facility will be one million square feet, twice as big as the site in New Castle.

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Information from: The News Journal of Wilmington, Del., https://www.delawareonline.com

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