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Ollie's Bargain Outlet Holdings, Inc., commonly referred to as Ollie's Bargain Outlet is an American chain of discount closeout retailers. It was founded in Mechanicsburg, Pennsylvania , in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver E. "Ollie" Rosenberg; the latter of whom is the namesake of the company.
The vast majority of Grocery Outlet's stores are independently operated by local married couples. [ 5][ 9][ 10] Each store has flexibility in its product offerings to serve local tastes and demand. [ 9][ 11] The Read family founded the company in 1946. The formal name is Grocery Outlet Bargain Market.
The affected stores would temporarily close for up to 90 days after liquidation sales are complete to make way for renovations and restocking, and then reopen soon after. [19] On May 24, 2024, Ollie's Bargain Outlet announced that they would be acquiring 11 former 99 Cents Only leases, most of which are set to open by the end of 2024. [20]
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With roots dating back to 1946 when its founder started selling surplus military food after World War II, Grocery Outlet emerged in its modern form in 1987 and became Grocery Outlet Bargain Market ...
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