Five Below, Inc. will expand into the Texas region in 2013, with plans to open four to five stores in Austin and 10 to 12 stores in Dallas by late summer. Five Below's new 600,000-square-foot distribution center in Olive Branch, Miss. will support the Austin and Dallas areas, as well as support future expansion in and around the Texas market.

Five Below will move into the new distribution facility in spring 2013. With these new stores, Five Below will operate in 19 states, from New Hampshire to Georgia along the East Coast to Illinois and Missouri in the Midwest. Five Below's plan to open 60 new stores in 2013 will bring the number of locations to approximately 300.

The potential for Five Below in Texas is for more than 100 stores over time.