Exciting Milestone for Ollie's Bargain Outlet
Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) is thrilled to announce the grand opening of its 600th store, marking a significant milestone in the company’s journey. This expansion signifies not just a growth in numbers but also a deeper commitment to providing incredible value to customers across the nation. With the latest store opening, Ollie’s continues to drive its mission of delivering outstanding bargains on brand name products directly to consumers.
From Closing Deals to Expanding Horizons
Ollie's has set itself apart as America’s largest retailer specializing in closeout merchandise, offering goods at remarkable discounts. Customers can expect to find extensive selections ranging from books and flooring to housewares, foodstuffs, electronics, bedding, and more. This model allows Ollie’s to provide exceptional deals, often reducing prices by up to an astounding 70% compared to traditional retail competitors.
A Warm Welcome to New Hampshire
The grand opening event showcases Ollie's commitment to the people of New Hampshire. As shared by Eric van der Valk, President and CEO of Ollie's, this new store represents an exciting opportunity for locals to discover an ever-evolving range of high-quality products at affordable prices. Ollie's encourages everyone to visit and explore the unique offerings presented in this treasure hunt styled shopping experience. New Hampshire residents can look forward to a plethora of everyday household necessities now available right in their community.
Creating Job Opportunities
With every new store, Ollie's not only enhances the shopping landscape but also contributes to local economies by creating between 50 to 60 new jobs. This commitment to community extends the company’s influence beyond retail as they employ over 13,000 associates nationwide. The benefits of expanding their workforce provide viable employment opportunities, ensuring that Ollie's supports the communities it serves every step of the way.
About Ollie's Bargain Outlet
Founded in 1982, Ollie's prides itself on being a leading off-price retailer that advocates for selling Good Stuff Cheap®. The company integrates a flexible buying model, focusing on closeout merchandise and excess inventory sourced from suppliers around the globe. This approach enables Ollie's to deliver Real Brands! Real Bargains!® under one roof, all while maintaining impressive savings for customers. The journey continues, and as of recent reports, Ollie’s operates 584 stores across 32 states, with further expansion plans in the pipeline.
Frequently Asked Questions
What is Ollie's Bargain Outlet known for?
Ollie's is renowned for being America's largest retailer of brand name closeout merchandise, offering discounts of up to 70% off traditional retail prices.
When did Ollie's open its 600th store?
Ollie's celebrated the grand opening of its 600th store recently, symbolizing its ongoing expansion efforts and milestones achieved by the company.
How many jobs does Ollie's create with a new store?
Each new Ollie's store typically brings about 50 to 60 new job opportunities to the local community, helping to empower economic growth in the area.
What is the company's mission?
The mission of Ollie's Bargain Outlet is centered on providing customers with high-quality products at greatly reduced prices, ensuring that all shoppers can find amazing bargains.
How does Ollie's sustain its low prices?
Ollie's employs a flexible buying model that focuses on closeouts and excess inventory, which allows the company to maintain its iconic low pricing strategy.
