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. As of April 2018, the chain now had 275 locations in 21 states. The president and CEO is Mark Butler.
Ollie's Bargain Outlet deals in surplus merchandise 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 many case, Ollie's Bargain Outlet uses buildings formerly occupied by other stores.
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.
Video Ollie's Bargain Outlet
Initial public offering
An IPO was launched on July 16, 2015 at $16.00/share.
Maps Ollie's Bargain Outlet
References
External links
- Official website
Source of article : Wikipedia
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