Stephanie Nelson | 

Here's Everything You Need to Know About Five Below's Black Friday Event

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Five Below‘s 2023 Black Friday sale is over. Beyond $1 deals, you could find a new Squishmallow drop and new exclusive merchandise special for the holiday. And you could find the same types of deals on toys, candy, iPhone cases, and more that the store is known for every single day. I’ve got some tips below that will help you prep for next year’s event.

Plus, I’ve got some answers to common questions about Five Below’s pricing. For example: is everything really less than $5? Find out how to make the most of your Five Below shopping experience and what to expect during Black Friday 2024.

Text SAVE to 57299 and receive real-time text alerts when Black Friday deals go live. You can also download the Krazy Coupon Lady app.


Five Below’s Black Friday ad dropped on Nov. 20, 2023. See the full scan here.

In 2023, the store didn’t have any big Black Friday promos as the store is already a value brand. However, the store will have key products, themes, and new product launches for Black Friday and Cyber Monday week.

That said, this ad dropped on Nov. 20, 2023, and it previewed some Squishmallow drops, Hello Kitty releases, trending Funko Pops, and more.


The exclusive Five Below Black Friday product drops ranged from an entire outfit for $15 to Squishmallows.

a person looking at the five below squishmallows on their phone

Like we mentioned earlier, you won’t find “sale” prices at Five Below on Black Friday because their merchandise is already marked so low. But in 2023, you could see Black Friday exclusives as early as Thanksgiving day, Nov. 23. Here’s a preview of the drops that went live:

Thursday, Nov. 23: Exclusive Product Drops Online Only

Each of the below items were brand new to Five Below in 2023. You’ll only be able to shop online, though, because the retailer is closed for the holiday on Nov. 23.

  • Velour outfit (Jacket, tank, pants) for just $15!
  • Full-size Foosball Table
  • Exclusive to Five Below Pokémon cards
  • Funko & Hello Kitty licensed products
ONLINE or In-Store Deal
ONLINE or In-Store Deal

Friday, Nov. 24: The Squishmallow Christmas Squad will drop both online and in-store.

Typically Five Below does their new Squishmallow drops only on Sundays, but Black Friday is special. It will be your first chance to shop the Christmas Squad collection featuring six new Squish.

  • Squishmallows Christmas Squad drop event
  • New pet apparel

Sunday, Nov. 26: Holiday Winter Squad Squishmallow drop is happening online and in-store

It really is like Christmas came early when you get two Squishmallow drops in the span of three days. This one also features six new Squish, including three variations on Stitch.


Monday, Nov. 27: Cyber Monday online exclusives include Elf merchandise and Funko dolls.

Yes, Five Below stores will be open on Cyber Monday, but these items will only be available online.

  • Printed blankets & holiday pillows
  • Elf Anniversary Collector’s Tin
  • Snack Pillow
  • Licensed Funko including TMNT, Disney, Harry Potter, and Star Wars


What time do stores open on Black Friday?

five below storefront with open doors

Five Below physical stores are closed on Thanksgiving Day, but of course, you can always shop online on Turkey Day. We anticipate early Black Friday deals to start online at midnight local time on Thanksgiving Day. And as far as Black Friday goes, Five Below opens at 8 a.m. and closes at 10 p.m., giving you more time in the day to shop than usual. Typical Five Below operating hours are 10 a.m. to 6 p.m. Bookmark our Black Friday deals page so you don’t miss anything.



Don’t pay for shipping! Use free in-store pickup instead.

Five Below shipping is a $7.95 flat rate, which can really put a damper on your $5.95 Squishmallows purchase! Don’t bother with paying for shipping. Choose to pick up your items in-store for free instead.

Most items are available to pick up the same day, and you’ll know if your item is eligible for pickup in-store because you’ll see the option during checkout.

Is your item not eligible for free in-store pickup? You can get Instacart delivery as well if you must have your purchase sooner than the five to seven days it takes to ship to you. Note that there are fees for grocery delivery services like Instacart.


Five Below FAQ

Zen drop aroma diffusers on a shelf at Five Below

​​Is everything under $5 at Five Below?

Not anymore. For 17 years, Five Below offered items for $1 – $5. But in 2019, they raised prices a bit. At first, the retailer said it would just be tech that would see a price increase, but looking through Five Below’s catalog, we can tell it’s a whole lot more than tech inching above that $5 threshold.

Does Five Below sell things over $5?

Yes. While some categories (like Beauty and Arts & Crafts) stick to the under-five-dollars label, others like Toys and Tech don’t. Toys average $5 – $7, and Tech reaches into the $25 range and rarely dips below $5.

Then there’s Five Beyond, which includes items that are well over $5 but don’t seem to exceed $25.

Will Squishmallows be on sale during Five Below Black Friday?

While Squishmallows aren’t reduced in price compared to what they are year-round, they will have a new Squishmallow drop including six characters who form the Christmas Squad.

That said, Squishmallows are available online at Five Below right now. The 4.5-inch Squishmallows are $5, and the 7-inch Squishmallows are $5.95. Considering how quickly inventory moves at this store, don’t wait to buy.

Find out where else to buy Christmas Squishmallows.

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