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Contents Five Below Toy & Hobby sector of Retail Industry Five Below business model Five Below in the Toy & Hobby Sector Role of an IT Intern Internship.

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Presentation on theme: "Contents Five Below Toy & Hobby sector of Retail Industry Five Below business model Five Below in the Toy & Hobby Sector Role of an IT Intern Internship."— Presentation transcript:

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2 Contents Five Below Toy & Hobby sector of Retail Industry Five Below business model Five Below in the Toy & Hobby Sector Role of an IT Intern Internship & Temple/Fox/MIS MIS E-Portfolio 2

3 Five Below, Inc. “Five Below is the leading retailer of trend- right, extreme-value merchandise to the teen and pre-teen market – all for $1.00 to $5.00.” Founded in 2002 Headquarters: Philadelphia, PA Stores: 195 in 16 states (regional, growing rapidly) Ownership: Privately held company 3

4 Five Below Products 4

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7 Industry: Toy & Hobby Retailers Firms: 9,000 Total Annual Revenue: $20 Billion Major companies: Toys “R” Us, Michaels, AC Moore Arts & Crafts, Wal Mart, Target Customers: children 35 Demand: HIGHLY Seasonal 7

8 Business Model Revenue: 195 Stores (brick-and-mortar) Major Costs: purchasing products, rent, payroll Most Significant Asset: Employees Focus on Cost Saving: – Constant focus on minimizing cost – Source products from vendors around the world – Buyers negotiate hard on price – Opportunistic focus to get best products – Don’t accept returns or hold sales 8

9 Five Below in Toy & Hobby Industry Niche Cost Differentiator – Focused on teen & pre-teen market – Toys “R” Us > Five Below > dollar store IT improves customer interaction by providing sales associates with proper technology 9

10 IT Intern POS (stores) team: – Help with Tech Support issues – Test & Install software – Organize data for internal use – Survey stores for info Network (corporate) team: – Complete tickets within corporate office – Configure new devices laptops, desktops & iPad’s – Aid in changes to company network 10

11 Internship & Temple/Fox/MIS Temple GenEd curriculum – Chem of Wine = discussions of home brewing Fox School core business requirements – Working with other dept’s (i.e. Finance) MIS courses – IT Architecture = knowledge of networking – Business Process Analysis = observing processes – Database Mgt = use of MySQL/MS Access 11

12 MIS E-Portfolio 12

13 MIS E-Portfolio 13

14 Thank You Questions & Comments? 14


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