Simon® Expands Relationship with Five Below in 2023

Simon® Expands Relationship with Five Below in 2023

May 18, 2023 by PR Newswire

Key Facts

  • In addition, Five Below is also opening at Great Mall, a Mills property, in Milpitas, CA, and at Miller Hill Mall in Duluth, MN this year as well as undergoing a full remodel at Arundel Mills in Hanover, MD. "Expansion to 3,500-plus stores is a key strategic pillar of our vision for growth, and our relationship with Simon is core to continuing our national expansion efforts.
  • We look forward to our partnership with Simon and serving new communities and customers with our fun and value-based experience with the opening of each new store this spring and summer," said George Hill, Chief Retail Officer of Five Below.
  • "The expansion of our relationship with Five Below comes as a result of the success of the 21 stores that are currently in our Malls and Mills properties and is a natural extension of our commitment to growth," said Paul Ajdaharian, Senior Vice President of Leasing at Simon.
  • Today, Simon operates or has an ownership interest in more than 250 premier retail destinations around the world and Five Below operates 21 stores within the Simon portfolio.

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