Do you think they will be the next victim of Walmart and Target cheap prices ?
I can tell you that Walmart and Target is killing SPLS with back to school supplies and electronics what makes you think that FIVE will not be the next victim ?
I don't think you have been in any of the Five Below stores. There is very little competition between Five Below and Walmart or Target. Five Below mainly sells items which can be "dated" or out of style but are very usable. You don't walk in there to buy anything which is cutting edge. It's more of a dollar store with higher priced items. If I were to worry about competition, I would be more worried by likes of DLTR.