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Discount store Five Below starts selling products for more than $5

Five Below
John Greim / LightRocket via Getty Images
Five Below
SOURCE: John Greim / LightRocket via Getty Images
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Discount store Five Below starts selling products for more than $5
Five Below, a popular store focusing on products for $5 or less, is undergoing a colossal change: Its price point is going up for the first time in 17 years.No longer will the store, a bargain hunter's dream, only sell items priced at $5 or less. Now, the store will be raising prices on certain items, including tech products and certain toys and games."We've always done everything possible to absorb cost increases," the company said in a statement. "Recently, we had to raise prices above $5 on tech items to keep providing the products you love."For the toys and games priced up to $10, the company will keep them in a separate area of the store, called "Ten Below Gift Shop." For electronics, Five Below is adding a section called "Ten Below Tech."But the name "Five Below" is one thing that's not changing. The store, known for selling everything from makeup and clothes to candy, will be keeping its original name despite the change.Most of the store's merchandise remains at $5 or less, according to the company.Related video: How to rebuild your savings after a holiday season splurge:

Five Below, a popular store focusing on products for $5 or less, is undergoing a colossal change: Its price point is going up for the first time in 17 years.

No longer will the store, a bargain hunter's dream, only sell items priced at $5 or less. Now, the store will be raising prices on certain items, including tech products and certain toys and games.

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"We've always done everything possible to absorb cost increases," the company said in a statement. "Recently, we had to raise prices above $5 on tech items to keep providing the products you love."

For the toys and games priced up to $10, the company will keep them in a separate area of the store, called "Ten Below Gift Shop." For electronics, Five Below is adding a section called "Ten Below Tech."

But the name "Five Below" is one thing that's not changing. The store, known for selling everything from makeup and clothes to candy, will be keeping its original name despite the change.

Most of the store's merchandise remains at $5 or less, according to the company.

Related video: How to rebuild your savings after a holiday season splurge: