Summer Internship 2025, Planning & Allocations

At Five Below our growth is a result of the people who embrace our purpose: We know life is way better when you are free to Let Go & Have Fun in an amazing experience, filled with unlimited possibilities, priced so low, you can always say yes to the newest, coolest stuff! Just ask any of our over 20,000 associates who work at Five Below and they’ll tell you there’s no other place like it. It all starts with our purpose and then, The Five Below Way, which is our values and behaviors that each and every associate believes in.

It’s all about culture at Five Below, making this a place that can inspire you as much as you inspire us with big ideas, super energy, passion, and the ability to make the workplace a WOWplace!

Five Below Summer Internship Program is ON! Our limited open positions for Summer 2025 focus on company strategic initiatives in the exciting environment of value-driven, fun-focused retail. We are seeking energetic, responsible go-getters with innovative ideas, ready to actively participate in company initiatives.

We LOVE our interns! Our internship is curated to deliver a rich learning experience for both personal and professional growth. Our program is hands-on, participating in meaningful work that directly effects the company’s success. You are an active contributor and valued as a part of your team!

Location:

In conjunction with WoWToWN’s current Ways of Working, we intend to offer a hybrid program for our interns, ensuring both a flexible and immersive experience. All applicants should plan to be in the Philadelphia area and access to our Home Office throughout the entirety of the program.

Internship Details:

• 10 weeks:  June 2nd – August 8th

• Full time – 40 hours/wk

• Paid – $17/hr

• Greater Philadelphia location – Hybrid Model - 3 days/week in our Home Office in Old City.

• Hands on, results driven projects. No coffee fetching here!  

• Strategic Project focused, coupled with day-to-day responsibilities

Highlights:

• Interactive experiences with Senior Leadership Team

• Professional Development Sessions

• Lunch & Learns

• Insight and participation into companywide initiatives

• High exposure/small group

• 100% intern satisfaction rate

• High intern conversion rate! (On average, we hire 2-3 of our intern alumni each year)

• And of course – some fun product!

Overview:

We’re seeking a dynamic intern for our Planning & Allocations team that will focus on analyzing, improving, and implementing strategies to optimize inventory levels at Five Below stores. The aim is to ensure product availability while minimizing excess stock and associated costs, ultimately driving better efficiency bringing product to floor.

Key Responsibilities:

Data Analysis:

• Analyze historical sales, inventory, and customer demand data to identify trends and optimize inventory levels.

Inventory Assessment:

• Evaluate current inventory practices and identify overstock, understock, and obsolete inventory issues.

New Inventory Review & Management:

• Review newly added items, ensuring proper setup, categorization, and integration into the inventory system.

Consumables Optimization:

• Assess and manage consumables inventory across all stores to ensure availability while minimizing excess stock.

Replenishment:

• Assist in developing replenishment strategies based on sales data to maintain optimal stock levels.

Forecasting & Optimization:

• Develop demand forecasting models and propose inventory optimization techniques to balance supply and demand.

Implementation & Monitoring:

• Collaborate with store and supply chain teams to implement changes and track inventory performance post-implementation.

Reporting:

• Present findings and recommendations to stakeholders through detailed reports and visual presentations.

Required Skills:

• Strong analytical and problem-solving skill.

• Proficiency with Excel for data analysis.

• Familiarity with data visualization tools.

• Strong communication skills, both written and verbal.

Requirements:

• Must be actively enrolled as a rising Junior, Senior, Grad Student or recent Grad in Business Analytics, Data Analytics, Merchandising, or related field

• Minimum 3.0 GPA

• Must be comforta