5 Below operates one location in the Oklahoma City metro area, at Penn Square Mall in central Oklahoma City. This article explains what you'll actually find there, how its inventory compares to other discount retailers in the city, and which categories justify the trip.
5 Below occupies roughly 35,000 square feet at Penn Square Mall, near the intersection of Memorial Drive and Northwest Expressway. The chain positions itself between dollar stores and big-box discounters, selling merchandise priced under $5 (with some exceptions in categories like electronics and home goods that run slightly higher). In Oklahoma City's retail landscape, where Walmart and Target dominate discounted apparel and household goods, 5 Below fills a specific niche: trendy, seasonal, and novelty items at lower price points than department stores but higher quality than dollar-store bulk.
The Penn Square location matters geographically. It sits in the central corridor of the metro, making it accessible from Midtown, Bricktown, and the medical district without the drive required for the Walmart Supercenter in northwest Oklahoma City or the Target locations scattered across the city. Parking is abundant and free.
Seasonal decor and party supplies. This is 5 Below's strongest category in Oklahoma City. The store rotates inventory monthly, so Christmas merchandise appears in August and Halloween stock lands in July. If you're planning a themed party, event, or seasonal decoration project with a budget constraint, checking 5 Below first saves time compared to hunting across multiple retailers. A plastic pumpkin bucket costs under $5; a full Halloween decoration set for a dorm room or apartment runs $15 to $25. Target and Walmart carry seasonal items, but they stock them more conservatively and price higher, especially early in the season.
Tech accessories and phone cases. The selection includes phone chargers, cables, screen protectors, and cases. Prices run $2 to $8 for most items. This beats dollar-store quality (which often fails after a few months) but undercuts Best Buy and specialty phone retailers. The catch: selection is hit-or-miss by brand and model. If you use an iPhone 15 or Samsung Galaxy S24, you'll find options. Less common phones may not be stocked.
Dorm and small-space organization. Bins, drawer organizers, hanging storage, and desk accessories appeal to students at the University of Oklahoma campus in nearby Norman and to renters in Midtown and Bricktown. A set of matching storage bins costs $10 to $15 here versus $25 to $40 at Container Store or HomeGoods. The trade-off is durability; these are light-duty plastic and fabric, not long-term investments.
Candy and snacks. 5 Below carries bulk candy, international snacks, and novelty drinks at prices comparable to or lower than specialty candy shops on Northwest 23rd Street or Uptown. A bag of Swedish Fish or Haribo runs $2 to $4. This is useful for movie nights or school supplies, not a reason to prioritize the trip.
Apparel and shoes. The store sells basic graphic tees, hoodies, and sneakers, primarily targeting teenagers and young adults. Quality is comparable to Old Navy or H&M, and prices are lower. However, sizing and fit are unpredictable, and the inventory turns quickly. If you find something that fits, buy it; it won't be there next week.
Electronics and larger appliances. While items like Bluetooth speakers or portable chargers are available under $25, this isn't where to hunt for deals on laptops, tablets, or kitchen equipment. Micro Center in northwest Oklahoma City and Best Buy offer better selection and return policies for tech.
Furniture. Small pieces like bean bags or folding chairs are available, but the selection is limited and quality is basic. For furnishing an apartment or dorm room, IKEA (no Oklahoma City location, but online with shipping) and Target offer more variety and sturdier pieces.
Toys and games. 5 Below stocks popular board games, action figures, and novelties. Prices are competitive with Walmart, but not significantly lower. This is an impulse category, not a shopping mission.
Versus Walmart. Walmart's everyday prices on groceries, basic apparel, and household items undercut 5 Below. However, Walmart's seasonal and novelty sections are smaller and less curated. If you want a wide range of Halloween décor options in July, 5 Below is faster.
Versus Target. Target's design-forward approach and higher baseline quality appeal to different shoppers. Target's seasonal sections rival 5 Below's, and Target's apparel is more durable. 5 Below wins on price for novelty and impulse categories; Target wins for items you plan to keep for years.
Versus specialty retailers. For party supplies, The Party City location (now closed in most OKC areas) would have been a direct competitor. 5 Below has absorbed some of that market. For candy, independent shops like those in Uptown offer more selection but at higher prices.
The Penn Square location offers in-store pickup for online orders, useful if you're planning a party and want to order ahead. Hours typically run 10 a.m. to 9 p.m. Monday through Saturday and 12 p.m. to 6 p.m. Sunday, though these may shift seasonally (verify before a holiday weekend trip).
Parking at Penn Square is straightforward: use the mall's main lot or pull directly to the 5 Below storefront on the east side of the mall. Traffic in the area peaks in late afternoon, so a weekday morning visit is faster.
Returns require a receipt and are accepted within 30 days. This matters for tech accessories and apparel, where fit or compatibility may not be obvious until you get home.
Visit 5 Below for seasonal décor, party supplies, affordable tech accessories, and organization bins. Don't make it your primary stop for everyday goods, tech, or furniture. It works best as a targeted trip for a specific project or category, not as a general discount shopping destination. For Oklahoma City shoppers, it fills a real gap between dollar stores and department stores, but only in categories where novelty, seasonal timing, or impulse buying drive the purchase decision.
