MELROSE—Discount retailer 5 Below, which sells products for, you guessed it, under $ bucks, is opening its first South Bronx store.
The giant retailer will join Burlington and Marshall’s at the old Alexander Department store building on Third Avenue in The Hub, The Bronx’s oldest shopping district and work is already underway at the ground-floor location.
5 Below currently has over 900 stores across the country and despite the challenges of operating retail spaces under the COVID-19 pandemic, the company is continuing its nationwide expansion albeit at a scaled back pace.
Although an opening date has yet to be announced, the new store isn’t on its website’s list for 2020, perhaps it will open at some point next year.
5 Below did not confirm its arrival at The Hub but workers on site confirmed that indeed it was the discount retailer who leased the space.
While small businesses and even major retailers are going bankrupt or shutting their doors for ever as a result of the economic fallout of the pandemic, it will be interesting to see how such stores like 5 Below manage to survive.