Director, Procurement

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 35,000 crew members 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 crew member 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! RESPONSIBILITIES Leadership Partner with internal Stakeholders across departments to ensure procurement strategies are aligned with overall Store Growth objectives and deliverables. Align with business stakeholders on sourcing needs and expectations with service, timing, savings, & compliance goals (Social, Ethical, Quality, Sustainability). Lead, mentor, and develop a high-performing procurement team, promoting a culture of collaboration, innovation, and continuous improvement. Develop and deliver procurement performance reports and key metrics to senior leadership, highlighting achievements, actionable insights, and areas for optimization. Manage both strategic and operational needs of the business for Fixture and Print to support key deliverables for Store Growth. Strategic Sourcing & Supplier Management Identify high-impact sourcing opportunities, lead complex supplier negotiations, and implement cost-saving strategies for large-scale business initiatives. Develop and execute both annual and long-term strategies for your category, aligned with overall business objectives. Communicate strategic vision and priorities, leading cross-functional teams to ensure successful implementation encompassing demand and quality management. Build and sustain strategic relationships with key suppliers—including the Top 50 vendors—to ensure optimal performance, long-term value, and business alignment. Drive fixture and print innovation by leveraging supplier partnerships to introduce new capabilities, enhance efficiency, and support enterprise growth for On Time and In Full compliance (OTIF). Market Intelligence & Risk Mitigation Proactively assess business risks and implement mitigation strategies to ensure compliance with internal policies and regulatory requirements. Partner with cross functional teams to ensure compliance with Supplier factories. Manage supplier performance to ensure consistent delivery, quality, reliability, and adherence to contractual obligations ensuring alignment for OTIF, inventory and financial management. Stay informed on market trends and supplier innovations to continuously refine sourcing strategies and drive sustainable long-term value. Cross-functional Collaboration, Process & Technology Optimization Provide an agile approach by bringing the best industrial practices to life which will drive operational efficiency and spend control. Developing and optimizing procurement processes and procedures. Leveraging procurement technologies. Support the Vice President of Procurement with special projects and additional responsibilities as needed. Category Focus Fixtures: Strategic and operational management Print: Strategic and operational management. Packaging materials: custom and standard packaging Warehouse operations: MHE (material handling equipment), racking, pallets. Services: Store Operations services, building maintenance services (cleaning, landscaping, pest control, waste management) Security services: physical security, access systems, surveillance Energy management: utilities, energy efficiency services, renewable sourcing Procurement Sustainability Lead Crew Directly manage a team of two (2) to three (3) full-time associates. Oversee outsourced Print Managed Service Pr…

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