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Five Below in Indiana

fivebelow.com · Discount & Value · the Q3 2026 release

Five Below has 45 locations in Indiana, its 16th-largest state of the 43 it operates in.

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Five Below in Indiana

Every figure in this block is measured inside Indiana. Nothing in it is a rate.

Five Below: local figures for Indiana.
FigureValueWhat it measuresIndiana only
Locations in Indiana45Records the US location index holds for Five Below inside Indiana right now — a snapshot at the Q3 2026 release, not a change over time.
Rank among Five Below's states16th of 43By location count, among the states where this brand clears the publication floor.
States with a published Five Below page43States where the brand has at least 3 locations. Smaller states exist in the index and are not published.
Locations across those states2,030The sum of the state table below. Lower than the national count, which includes states under the floor.
Indiana's share of that footprint2.2%A share of the published states only. Both halves are the same measure, so this is not a growth rate.
Verified openings in Indiana6A DIFFERENT measure from the count above: openings detected inside the tracked window, not stores standing today.
Cities with verified openings in Indiana6Distinct cities after folding spelling variants. See the city table.
  • The two counts above are measured differently and are both correct. Locations in Indiana is a presence snapshot of what operates there now; verified openings counts what opened inside the tracked window. A chain that already had 40 locations in Indiana and opened none reads 0 openings.
  • It is a count of OPENINGS, not of stores. Openings are diffs against the previous release, so a mature operator that finished its Indiana buildout before the window opened shows a large location count and no openings at all.
Where Five Below has opened in Indiana

Cities with verified openings recorded for Five Below in Indiana. The count beside each city is its openings — not its total Five Below locations.

Five Below verified openings by city in Indiana, largest first.
Citymodal spelling in the indexVerified openingsinside IndianaShare of Indiana openingsSpellings foldedraw variants in the index
Bedford116.7%1
Indianapolis116.7%1
Logansport116.7%1
Noblesville116.7%1
Richmond116.7%1
Vincennes116.7%1
  • 6 cities with verified openings in Indiana.
  • Spellings are folded the same way the city URLs are built, so "St. Louis" and "St Louis" are one city rather than two. The most frequent raw spelling wins the label; "Spellings folded" is how many the index actually holds.
  • Cities are NOT linked: a city page is published only where at least three brands clear the floor, so a link from here would frequently point at a page that does not exist.
Five Below in every state we publish

The brand's whole published footprint, largest first. Indiana is highlighted in place.

Five Below locations by state.
RankStateLocationspresence snapshotShare of footprintpublished states only
1Florida1919.4%
2Texas1899.3%
3California1628.0%
4New York1306.4%
5Pennsylvania1105.4%
6Illinois934.6%
7Ohio834.1%
8New Jersey793.9%
9Michigan693.4%
10Virginia643.2%
11Georgia613.0%
12Maryland603.0%
13Tennessee532.6%
14North Carolina492.4%
15Missouri462.3%
16Indiana — this page452.2%
17Alabama402.0%
18Arizona402.0%
19Massachusetts402.0%
20Kentucky351.7%
21Wisconsin331.6%
22Colorado321.6%
23Connecticut321.6%
24Minnesota311.5%
25South Carolina311.5%
26Louisiana261.3%
27Oklahoma261.3%
28Mississippi231.1%
29Utah211.0%
30Kansas170.8%
31Nevada160.8%
32Arkansas150.7%
33Iowa150.7%
34Nebraska120.6%
35West Virginia120.6%
36New Hampshire100.5%
37Delaware70.3%
38New Mexico70.3%
39Rhode Island70.3%
40Washington60.3%
41Maine50.2%
42North Dakota40.2%
43South Dakota30.1%
  • A state appears here only with at least 3 locations. States below the floor are in the index but have no page, so this total is smaller than the national count.
  • Locations are a presence snapshot at the Q3 2026 release. They are not openings and they are not a change.
Five Below nationwide

Context for the local figures above. None of it is a Indiana number.

Five Below: national figures, for context only.
FigureValueUnited StatesBasis
US locations2,037At the latest vintage, Q3 2026.
US locations at the window start1,736The first tracked vintage, Q4 2024.
Net new over the window+301The difference between the two counts above. A count movement, not a count of openings.
Growth over the window+17.3%Percentage change in the count between the first and latest vintages, nationwide.
Growth as a multiple1.2xThe same movement stated as a multiple of the starting count.
Growth against its category+17.3%The brand's percentage change minus its category's, so a rising tide is subtracted out.
Mean quarterly change+31Average count movement per vintage step. The default ranking key on the hub.
Verified openings in the window256Individually dated location records new to the index inside the window, nationwide.
Openings pace, latest step+22Verified openings per 91 days over the most recent vintage step.
Openings pace, prior stepthe prior step is majority batch-suspect, so its pace and the direction are withheld while the latest one standsThe same measure one step earlier.
Directionthe two steps are not comparable, so no direction is statedAccelerating, steady or slowing, decided on the two paces at the precision they are printed.
Latest pace as a share of the basea single quarter's share has nothing to be read against, so it prints only alongside the prior quarter'sThe latest pace over the store count at that step's start vintage.
Prior pace as a share of the basewithheld with the prior step, aboveThe same measure one step earlier.
Reported openings pace, latest+22The server's own pre-aggregated pace. Shown because the page ranks on the series-derived figure above and the two must agree.
Reported openings pace, prior+118The same, one step earlier.
Largest single step's share of the change39%One release carrying most of the movement is the signature of a data-coverage artifact rather than of openings.
Steps that moved the same direction100%A real buildout moves one way most quarters. This and the row above are the credibility filter.
Passes the credibility filteryesLargest step at or under half the movement, most steps in one direction, and net new above zero.
Cleared to print a percentageyesWhether the index's coverage of this brand is mature enough for a rate to mean anything.
Openings corroborated by coverage85%Share of the openings that agree with the count series over the same step.
Records matching the brand's own website100%Share of index records whose website resolves to this domain.
Records sharing an address with another operator66%High values mean host locations, sibling banners or shared kitchens rather than the chain's own leases.
Entity classchainAnything other than a chain is not published as a brand page in this state tier.
CategoryRetail > Discount StoreThe index's own category path for this brand.
SegmentDiscount & ValueThe published grouping the category rolls up to.
Match name in the indexfive belowThe string the location index matches records against. Rarely the display name.
Display nameFive BelowAs published. Some domains carry a read-time repair where the index's most frequent name is a department's.
Domainfivebelow.comThe key every table on this tier is joined on.
Tracked window8 vintages, Q4 2024 to Q3 2026How many quarterly releases this brand has been measured across.
Vintage stamps2024-11-19|2024-12-03|2025-03-06|2025-06-10|2025-09-09|2025-12-16|2026-03-18|2026-07-09Every release these figures were built from, oldest first, pipe-separated. It is a LIST of dates rather than one date, which is why nothing on this page prints it as a timestamp.
  • Every figure in this block is NATIONAL. It is identical on all 43 of Five Below's state pages and is not apportioned to Indiana — dividing a national percentage into a state is not a fact about anything, which is why no Indiana growth rate is published anywhere on this page.
  • Openings are individually dated records new to the index; net new is the difference between two count snapshots. The two answer different questions and rarely match.
Five Below's count by quarter, nationwide

The national count series behind the figures above. Both readings of it — the raw count and the indexed one — are columns here.

Five Below: US locations at each tracked vintage.
QuarterVintage dateUS locationsIndexed100 = first vintageChange vs prior
Q4 20242024-11-191,736100—
Q4 20242024-12-031,737100+1
Q1 20252025-03-061,802104+65
Q2 20252025-06-101,826105+24
Q3 20252025-09-091,855107+29
Q4 20252025-12-161,894109+39
Q1 20262026-03-182,011116+117
Q3 20262026-07-092,037117+26
  • Indexed values rebase the series to 100 at the first vintage with a non-zero count. A brand first measured at zero enters at 0 and reaches 100 one step later.
  • National figures. Not apportioned to any state.
Five Below's openings by vintage step, nationwide

Each row is the difference between two consecutive releases, so there is one fewer step than there are quarters above.

Five Below: verified openings per vintage step, with the real step length each pace is normalised by.
Step endsQuarterOpeningsin the stepStep lengthdaysPaceper 91 daysBatch-suspectshare of the step
Dec 3, 2024Q4 2024114+6.50%
Mar 6, 2025Q1 20251593+150%
Jun 10, 2025Q2 20252596+240%
Sep 9, 2025Q3 20252691+260%
Dec 16, 2025Q4 20254398+402%
Mar 18, 2026Q1 202611992+11883%
Jul 9, 2026Q3 202627113+227%
  • Steps are irregular, so a pace is openings divided by the step's real length and multiplied by 91 days rather than a raw quarterly count.
  • A batch-suspect share above half means the records were created on an index-wide vendor ingest day or bunched into a few days of the step; it impeaches the timing, not the existence of the stores.
  • National figures. Not apportioned to any state.
Where should Five Below open next in Indiana?

Cobroker ranks the Indiana trade areas that look like the ones Five Below already performs in — demographics, co-tenancy, traffic.

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