Ollie's Bargain Outlet Holdings, Inc. (OLLI)
US — Consumer Defensive Sector
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OLLI Expands With 40 Big Lots Stores: Key Insights for Investors
OLLI
Published: February 28, 2025 by: Zacks Investment Research
Sentiment: Positive
Published: February 28, 2025 by: Zacks Investment Research
Sentiment: Positive
Ollie's acquisition of 40 former Big Lots stores strengthens its growth strategy, expanding presence in the competitive discount retail market.
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About Ollie's Bargain Outlet Holdings, Inc. (OLLI)
- IPO Date 2015-07-16
- Website https://www.ollies.us
- Industry Discount Stores
- CEO Eric van der Valk
- Employees 5900
Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands Real Cheap!, Real Brands! Real Bargains, Sarasota Breeze, Steelton Tools, American Way, and Middleton Home names. As of August 3, 2022, it operated 450 stores in 29 states throughout half of the United States. The company was formerly known as Bargain Holdings, Inc. and changed its name to Ollie's Bargain Outlet Holdings, Inc. in March 2015. Ollie's Bargain Outlet Holdings, Inc. was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.