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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.
Ollie's Bargain Outlet, a brick-and-mortar discount retailer, will open a 28,000-square-foot store, its second in Wisconsin, later this year, Tom Kuypers, senior vice president of marketing, told ...
Several years after the chain shut, formerly competing Ollie's Bargain Outlet opened a store in Worcester, Massachusetts which is branded as "Ollie's Bargain Outlet @ Building #19.” It is an actual former Building #19 location and is intended to pay homage to the now-defunct chain. [12]
Big Lots, Inc.’s (NYSE:BIG) filing for Chapter 11 bankruptcy protection could signify a growth opportunity for competitor Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ:OLLI), an analyst said.
This is Big Lots first retail venture outside of the US. The first Big Lots location in Canada opened in April 2013 in Orillia, Ontario followed by Burlington, Niagara Falls, St. Catharines, and Thunder Bay (all in Ontario as well). Big Lots exited the Canadian marketplace in 2014, citing poor sales. [31]
Ollie's Bargain Outlet is opening its fourth location statewide in New Bedford, promising 'good stuff cheap' like the days of Building #19.
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