Latest news with #Ollie'sBargainOutlet
Indianapolis Star
11-06-2025
- Business
- Indianapolis Star
How has Ollie's done after buying Big Lots stores in Indiana and elsewhere?
Ollie's Bargain Outlet is doing well after taking over stores from Big Lots, the retailer reported. Early returns have been positive after acquiring 18 stores from Big Lots, which filed for bankruptcy in 2024, Ollie's CEO said. Those locations include a store in Warsaw, Indiana, at 2806 Frontage Road. Between January and May, Ollie's opened 25 new stores – including the former Big Lots locations – throughout the country, a record for the Pennsylvania-based retailer. Earlier this year, Ollie's acquired 40 Big Lots locations through auction, as the latter filed for Chapter 11 bankruptcy in September 2024. As of May 3, Ollie's operates 584 stores in 32 states. "These stores are off to a very strong start," Ollie's CEO Eric van der Valk said of the new stores during an earnings call on June 3. "We appear to be benefiting from the fact that these are warm boxes, with a built-in discount customer shopping base, which was our hypothesis going in." In addition to the new store openings, Ollie's experienced a 13.4% increase in sales during its first quarter, a total revenue of $576.8 million, according to a news release. With the slogan "Good Stuff Cheap," Ollie's is a discount retailer that offers closeout and excess inventory for lower prices. The retailer sells items like clothing, home goods, toys, hardware, food and books. Take a look at the 25 new Ollie's locations that have opened so far this year, including which ones are former Big Lots stores:
Yahoo
09-06-2025
- Business
- Yahoo
Ollie's says the 18 Big Lots stores it took over are 'off to a very strong start'
Ollie's Bargain Outlet says early returns have been positive after taking over 18 stores from Big Lots, which filed for bankruptcy in 2024. Between January and May, Ollie's opened 25 new stores throughout the country − a record for the Pennsylvania-based retailer. Eighteen of those stores were former Big Lots locations. Earlier this year, Ollie's acquired 40 Big Lots locations through auction, as the latter filed for Chapter 11 bankruptcy in September 2024. As of May 3, Ollie's operates 584 stores in 32 states. "These stores are off to a very strong start," Ollie's CEO Eric van der Valk said of the new stores during an earnings call on June 3. "We appear to be benefiting from the fact that these are warm boxes, with a built-in discount customer shopping base, which was our hypothesis going in." In addition to the new store openings, Ollie's experienced a 13.4% increase in sales during its first quarter, a total revenue of $576.8 million, according to a news release. With the slogan "Good Stuff Cheap," Ollie's is a discount retailer that offers closeout and excess inventory for lower prices. The retailer sells items like clothing, home goods, toys, hardware, food and books. Discount stores: Ollie's Bargain Outlet to acquire 40 store leases from struggling Big Lots To find the Ollie's nearest to you, visit the Ollie's website at Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: Ollie's takes over 18 Big Lots stores, says it's off to 'strong start' Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-06-2025
- Business
- Yahoo
Ollie's says the 18 Big Lots stores it took over are 'off to a very strong start'
Ollie's Bargain Outlet says early returns have been positive after taking over 18 stores from Big Lots, which filed for bankruptcy in 2024. Between January and May, Ollie's opened 25 new stores throughout the country − a record for the Pennsylvania-based retailer. Eighteen of those stores were former Big Lots locations. Earlier this year, Ollie's acquired 40 Big Lots locations through auction, as the latter filed for Chapter 11 bankruptcy in September 2024. As of May 3, Ollie's operates 584 stores in 32 states. "These stores are off to a very strong start," Ollie's CEO Eric van der Valk said of the new stores during an earnings call on June 3. "We appear to be benefiting from the fact that these are warm boxes, with a built-in discount customer shopping base, which was our hypothesis going in." In addition to the new store openings, Ollie's experienced a 13.4% increase in sales during its first quarter, a total revenue of $576.8 million, according to a news release. With the slogan "Good Stuff Cheap," Ollie's is a discount retailer that offers closeout and excess inventory for lower prices. The retailer sells items like clothing, home goods, toys, hardware, food and books. Discount stores: Ollie's Bargain Outlet to acquire 40 store leases from struggling Big Lots To find the Ollie's nearest to you, visit the Ollie's website at Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@ This article originally appeared on USA TODAY: Ollie's takes over 18 Big Lots stores, says it's off to 'strong start'
USA Today
09-06-2025
- Business
- USA Today
Ollie's says the 18 Big Lots stores it took over are 'off to a very strong start'
Ollie's says the 18 Big Lots stores it took over are 'off to a very strong start' Show Caption Hide Caption Big Lots stores set to reopen in six states A number of Big Lots stores are set to reopen on April 10 despite the company filing for bankruptcy and closing multiple locations last year. unbranded - Newsworthy Ollie's Bargain Outlet says early returns have been positive after taking over 18 stores from Big Lots, which filed for bankruptcy in 2024. Between January and May, Ollie's opened 25 new stores throughout the country − a record for the Pennsylvania-based retailer. Eighteen of those stores were former Big Lots locations. Earlier this year, Ollie's acquired 40 Big Lots locations through auction, as the latter filed for Chapter 11 bankruptcy in September 2024. As of May 3, Ollie's operates 584 stores in 32 states. "These stores are off to a very strong start," Ollie's CEO Eric van der Valk said of the new stores during an earnings call on June 3. "We appear to be benefiting from the fact that these are warm boxes, with a built-in discount customer shopping base, which was our hypothesis going in." In addition to the new store openings, Ollie's experienced a 13.4% increase in sales during its first quarter, a total revenue of $576.8 million, according to a news release. With the slogan "Good Stuff Cheap," Ollie's is a discount retailer that offers closeout and excess inventory for lower prices. The retailer sells items like clothing, home goods, toys, hardware, food and books. Discount stores: Ollie's Bargain Outlet to acquire 40 store leases from struggling Big Lots Where is the nearest Ollie's? To find the Ollie's nearest to you, visit the Ollie's website at Greta Cross is a national trending reporter at USA TODAY. Story idea? Email her at gcross@
Yahoo
03-06-2025
- Business
- Yahoo
More Middle- and High-Income Earners Are Turning to Dollar General, CEO Says
Dollar General is serving more middle- and high-income households than it has in four years, said CEO Todd Vasos Tuesday. The company's core clientele remains under financial pressure, Vasos said, citing recent customer surveys. Ollie's Bargain Outlet also reported signs of consumer stress on Tuesday. Discount-store competitor Dollar Tree will release first-quarter results Wednesday.A new clientele of middle- and high-income households is shopping at Dollar General. The discount retailer hasn't served such a high percentage of these higher-income customers in years, executives said on a quarterly earnings conference call Tuesday. The statements, from CEO Todd Vasos, echo statements made in recent months by other value-oriented retailers that have seen wealthier customers check out their offerings. 'We saw the highest percent of trade-in customers we've had in the last four years,' in the first quarter, CEO Todd Vasos said, according to a transcript made available from AlphaSense. Those 'trade-in customers' are drawn to the value and new delivery options available at Dollar General (DG), Vasos said. The company's core lower-income shoppers, meanwhile, are financially stressed, according to Vasos, reiterating a theme that came up on last quarter's call. One-quarter of surveyed customers reported having less income than a year earlier, and 60% said they 'felt the need to sacrifice some necessities in the coming year,' Vasos said Tuesday. Low prices are critical near the end of the month when some Dollar General shoppers' money runs out, Vasos said. Shares of Dollar General were up 16% at close to nearly $113 and led S&P 500 gainers on Tuesday after the company released first-quarter results that beat Wall Street's expectations and raised its forecast for the year ahead. Customers at Ollie's Bargain Outlet (OLLI) have been concentrating on 'immediate needs' and buying 'consumer staples,' CFO Robert Helm said on that company's earnings conference call Tuesday. Ollie's Bargain Outlet also surpassed analysts' expectations and lifted its outlook, but its shares were down 2% to almost $110 at close Tuesday. Dollar Tree (DLTR) is scheduled to release first-quarter results before the bell on Wednesday. Analysts expect the chain to report a 3.8% year-over-year bump in comparable store sales, but warned that tariffs and sluggish discretionary spending may weigh on its performance. Read the original article on Investopedia
