Five Below, a value-oriented retailer for teens and pre-teens, has opened at the Cortlandt Town Center in Mohegan Lake. The store is approximately 7,500 square feet, said company Co-founder and Executive Chairman David Schlessinger, the founder of popular children”™s multimedia retail store Zany Brainy that was bought out in 2001 by company Right Start.
Five Below sells everything from candy and crafts to room décor and games; all items are $5 or less. “We were really drawn to Mohegan Lake because it”™s a great family community,” Schlessinger said. “You”™ve got the movie theater and shopping and it just fit.”
He said a store will open in spring 2011 in Pelham, adjacent to the new Fairway Market.
Five Below will operate 142 stores by November, he said.
“Next year, we plan to open 50 stores and after that, we expect to keep increasing and maintain an aggressive, controlled pace,” he said.
Co-branded SYMS store arrives in Elmsford
Filene”™s Basement and SYMS Clothing have opened three, cobranded New York stores in Manhattan, Westbury and Elmsford. Combined, the three stores will employ 413 full and part-time workers. The 292 Tarrytown Road, Elmsford, store will offer expanded designer fashions at discount prices as well as a “Tailored & Tux” men”™s merchandise department. Filene”™s Basement filed for Chapter 11 bankruptcy protection in the spring of 2009 and was acquired by SYMS Corp. for $62.4 million.
Applebee”™s coming to Executive Boulevard in Yonkers
Harrison-based Apple-Metro Inc., the New York metropolitan area franchisee for Applebee”™s Neighborhood Grill & Bar, will open a restaurant on Executive Boulevard in Yonkers. It is the second of four Applebee”™s scheduled to open in 2010. It is also the chain”™s 10th eatery in Westchester. Apple-Metro recently opened a restaurant at Brooklyn”™s Atlantic Terminal; two additional locations are scheduled to open in Queens by year”™s end.
