Dive Summary:

• Five Below, a specialty retailer which operates 258 stores across the U.S. is currently seeking a new chief operation officer following the departure of David Johnson.
• The company is currently undergoing a massive expansion across the U.S. and plans to open 60 new locations by the end of 2013.
• “As we execute our store growth plans and expand our presence in new and existing markets, we will continue to invest in talent across our organization by filling new roles and expanding the scope of certain roles,” says Five Below CEO Thomas Vellios.

From the article:

Five Below entered Michigan with six stores in April, opened in second distribution center and added four store in Austin, Texas last month. The first stores in Dallas are planned for next month and eventually Texas could support as many as 100 stores.