Ollie’s Bargain Outlet operates as an off-price retailer specializing in closeout merchandise across a wide range of categories, including housewares, food, hardware, flooring, electronics, apparel, and seasonal goods. The company purchases excess and liquidated inventory from manufacturers, retailers, and distributors, enabling it to offer brand-name and first-quality products at significant discounts compared to traditional retail prices. Shoppers at Ollie’s stores often encounter a treasure-hunt shopping environment, where inventory is ever-changing and value-oriented deals abound.
The company’s sourcing strategy focuses on opportunistic buying of overstocks, cancelled orders, shelf pulls, discontinued lines, and refurbished goods. By maintaining lean operations and low overhead, Ollie’s passes savings directly to customers while minimizing inventory carrying costs. Store layouts are designed to facilitate rapid inventory turnover, creating a dynamic shopping experience and fostering customer loyalty among bargain-seekers.
Founded in 1982 by Bruce Rosenberg under the namesake of his father, Ollie’s Bargain Outlet has grown from a single surplus store in Mechanicsburg, Pennsylvania to a publicly traded corporation since its initial public offering in 2015. Headquartered in Harrisburg, Pennsylvania, the company has expanded to over 460 stores across more than 30 states, primarily serving communities in the eastern half of the United States. This measured growth has been underpinned by a disciplined real estate strategy and regional focus.
Leadership at Ollie’s is anchored by President and CEO Mark L. Butler, supported by Chairman Bruce M. Rosenberg and a senior management team with extensive retail and supply-chain expertise. The company continues to pursue prudent expansion while leveraging its off-price model, aiming to deliver strong returns through operational efficiency, targeted store openings, and a customer-centric approach to value retailing.
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