Cherry Hill, NJ
Five Below (NASDAQ: FIVE), the trend-right, extreme-value retailer catering to pre-teens, teens and beyond, and supply-chain company NFI, are pleased to announce the grand opening of an over one million square foot distribution center in southern New Jersey. Five Below will initially occupy approximately 700,000 square feet of the 1,015,000 square foot facility in Pedricktown, NJ.
Five Below and NFI broke ground on this real estate development project in September of 2014. The companies worked closely together throughout the short nine-month construction period to ensure all aspects of the building would be ready for operations this summer. This will function as Five Below’s core eastern U.S. distribution center, servicing over 300 retail store locations in the region, with room for growth.
This new distribution center offers fresh economic growth to the area, bringing an estimated 100 jobs to the township over the next few years. The new warehouse will house three miles of conveyor equipment and 2,500 tons of steel racking to support year-round operational need.
“NFI is excited to continue to work with Five Below to leverage supply chain efficiencies,” said Jeff Brown, NFI President and Vice Chairman. “The opening of this distribution center, on such a tight time-frame, is a testament to the partnership we have with Five Below and the support we have received from the community in Oldmans Township.”
Five Below and NFI are proud of their long-standing partnership. Together these companies value entrepreneurial spirit and know the importance of a meaningful customer experience. Their success is a testament to the dedicated vendor-retailer relationship that they share.
NFI is a fully integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since its inception in 1932, NFI generates more than $2.6 billion in annual revenue and employs over 14,500 associates. NFI owns facilities globally and operates more than 50 million square feet of warehouse and distribution space. Its dedicated fleet consists of over 4,500 tractors and 12,500 trailers operated by 3,900 company drivers and leveraging partnerships with 500 owner operators. NFI has a significant drayage presence at nearly every major U.S. port, leveraging the services of an additional 1,500 owner operators. The company’s business lines include dedicated transportation, distribution, brokerage, transportation management, port drayage, intermodal, global logistics, and real estate. For more information about NFI, visit www.nfiindustries.com or call 1-877-NFI-3777.