Ollie's Bargain Outlet
"Good Stuff Cheap"
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| Public | |
| Traded as |
NASDAQ: OLLI S&P 600 Component |
| Industry | Retail |
| Founded | 1982 |
| Headquarters | Harrisburg, Pennsylvania |
| Products | Housewares, Food, Flooring, Books, Toys, Hardware, Electronics, Clothing, Lawn and Garden, Health and Beauty, Sporting Goods, Pet Supplies, Automotive, Seasonal |
| Website | http://www.olliesbargainoutlet.com/ |
Ollie's Bargain Outlet is an American chain of retail stores founded in 1982 by the late Morton Bernstein. The first store was opened in Mechanicsburg, Pennsylvania, just outside Harrisburg. The chain now has 213 locations (as of June 2016) in Pennsylvania, New Jersey, Maryland, Delaware, Ohio, Virginia, West Virginia, North Carolina, Kentucky, New York, Connecticut, Tennessee, South Carolina, Indiana, Georgia, Alabama, Florida, Michigan, and Mississippi. The president and CEO is Mark Butler.
Ollie's Bargain Outlet deals in obtained from various retailers, suppliers or manufacturers throughout the country, whether in the form of closeouts, bankruptcy sales or other similar means of buying the stock at below wholesale costs.
Ollie’s stores feature its namesake co-founder Oliver E. Rosenberg, in the form of humorous caricatures throughout its stores' interiors, merchandising displays and on its logo and exterior signage. Rosenberg died in 1996 at age 75. He was a Harrisburg resident and capital area realtor and entrepreneur, but he is perhaps best remembered for his association with Ollie's Bargain Outlets. An 18-by-18-inch commemorative paver with his trademark humorous visage can be found near the entrance to the children's playground inside Adams-Ricci Community Park in Enola, Pennsylvania.
In 2008, the chain consolidated its four distribution warehouses into one located in York, Pennsylvania. In 2014 the chain opened its second distribution center in Commerce, Georgia.
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