Latest news with #OlliesBargainOutlet
Yahoo
17-07-2025
- Business
- Yahoo
Ollie's Celebrates Grand Opening of its 600th Store and Expansion into 34th State
Bargains Coming to Belmont, NH HARRISBURG, Pa., July 17, 2025 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) today celebrates the Grand Opening of its 600th store in Belmont and expansion into New Hampshire, its 34th state. Ollie's is America's largest retailer of brand name closeout merchandise and excess inventory at up to 70% off the fancy stores' prices every day! You'll find bargains on books, flooring, food, housewares, toys, electronics, bed and bath, health and beauty, pet supplies, and so much more! The Grand Opening of Ollie's 600th store will take place today, Thursday, July 17th at the Belmont, New Hampshire store located at 96 Daniel Webster Highway in the old Big Lots location. "We are thrilled to bring our huge selection of brand name household merchandise at prices up to 70% below the fancy stores to the great city of Belmont and state of New Hampshire," said Eric van der Valk, President and Chief Executive Officer of Ollie's Bargain Outlet. "At a time when many people are trying to stretch their hard-earned dollars, we are delivering unprecedented value through an ever-changing assortment of everyday household products that combines quality, national brands, and pricing in a way that can only be found at Ollie's. To the great people of New Hampshire, if you have never been to an Ollie's store, we invite you to come to Belmont and see what we are all about. We are passionate about what we do, the people we serve and the communities in which we operate." Ollie's brings about 50 to 60 new jobs to the local community with each new store it opens, ranging from cashiers to team leaders. Ollie's employs over 13,000 associates across the company. For more information about Ollie's, visit and like us on Facebook. About Ollie's Ollie's is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below other retailers. As of May 3, 2025, we operated 584 stores in 32 states and growing! For more information, visit View original content to download multimedia: SOURCE Ollie's Bargain Outlet Holdings, Inc. 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
Globe and Mail
15-07-2025
- Business
- Globe and Mail
Ollie's Bargain Outlet Holdings, Inc. Rings NASDAQ Opening Bell
HARRISBURG, Pa., July 15, 2025 (GLOBE NEWSWIRE) -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the 'Company') today rang the Nasdaq Stock Market opening bell to celebrate the 10 th anniversary of the Company's listing on the exchange, the planned Grand Opening of its 600 th store, and expansion into its 34 th state. President and Chief Executive Officer, Eric van der Valk, and other members of the Executive Leadership Team were joined on the podium to commemorate the occasion at the Nasdaq MarketSite in New York City's Times Square. 'This is a very exciting moment for Ollie's. Today marks the 10 th anniversary of our Company's initial public offering on the Nasdaq Stock Exchange and, later this week, we will Grand Open our 600 th store in Belmont, NH, expanding into our 34 th state,' said Eric van der Valk. 'Ollie's is a special company, that was founded, built, and is operated by bargainauts, who are passionate about finding amazing deals and selling Good Stuff Cheap. I would like to thank all our team members, past and present, who have contributed to our growth and success. While we celebrate our 600 th store milestone, we are focused on the tremendous white space opportunity ahead as we accelerate growth at a time when there are so many abandoned customers, product, and real estate in the marketplace.' Mr. van der Valk continued, 'It was an honor to represent the Ollie's team and ring the Nasdaq opening bell earlier today in celebration of our 10 th anniversary as a public company and the opening of our 600 th store. We take a lot of pride in the way we operate our business. We value being a publicly traded company as it holds us to a high standard, provides financial transparency, and increases our visibility with valued business and merchandise partners.' The Nasdaq Opening Bell ringing ceremony took place today at 9:30 a.m. Eastern Time at the Nasdaq MarketSite. A video of the ceremony can be viewed at About Ollie's Ollie's is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below traditional retailers. As of May 3, 2025, we operated 584 stores in 32 states and growing! For more information, visit Investor Contact John Rouleau Managing Director of Corporate Communication & Business Development JRouleau@ Media Contact Tom Kuypers Senior Vice President – Marketing & Advertising 717-657-2300 tkuypers@
Forbes
10-07-2025
- Business
- Forbes
How Ollie's Bargain Outlet Capitalizes On Retail Disruption
GERMANY - 2024/12/09: In this photo illustration, a person is holding a smartphone with the logo of ... More US company Ollie's Bargain Outlet Holdings Inc. on screen. (Photo Illustration by Timon Schneider/SOPA Images/LightRocket via Getty Images) As the nation's largest retailer of closeout merchandise across virtually every conceivable product category, Ollie's Bargain Outlet profits from other retailers' mistakes. Recently, it's had no shortage of blunders to capitalize on. Since fiscal 2018, Ollie's revenues have nearly doubled from $1.2 billion to $2.3 billion and its store base has grown at the same pace, from 303 to just under 600 stores. And with some 15,000 stores expected to close this year, it will have plenty of new opportunities. The downfall of Big Lots, which operated in the same closeout segment, is a prime example. Ollie's acquired 63 former Big Lots stores from Gordon Brothers, its current owner, and is rapidly converting them to the Ollie's no-frills, discount bazaar format. 'Everything about these stores lines up well with our business and growth strategy,' CEO Eric van der Valk said in a statement. 'These locations are the right size, come with favorable lease terms, are located in existing and adjacent trade areas, and have long serviced value conscious consumers.' Opportunities Abound Not only do these defunct Big Lot locations allow the Harrisburg, PA-based retailer to expand its customer reach beyond its Mid-Atlantic and Southeastern regional stronghold, Ollie's gets first dibs on prime closeout merchandise. In that regard, it has also gotten a lift by the closure earlier this year of closeout competitor the Bargain Hunt chain of 92 stores. 'There has never been a shortage of goods for us to purchase, and our growing size and scale continue to benefit our buying power,' van der Valk said in the first quarter 2025 earnings call, citing both Joann and Party City closures. 'Recently, it's been a significant number of retail store closures and supply chain disruptions that have created a tremendous amount of excess inventory,' he continued. Reporting that it is seeing strong deal flow, Ollie's inventory is up 16% through selective buying, which allows it to sell 'good stuff cheap,' up to 70% off brand-name list prices. And since flexibility is built into Ollie's business model – its fluid store presentation heightens the store's treasure-hunt experience – he added, 'This gives us ultimate flexibility when it comes to navigating a choppy environment and puts us in a very strong position versus most retailers.' On The Path To 1,000 Stores At the close of fiscal 2022, then-CEO John Swygert, who transitioned to executive chairman earlier this year, said the company had modeled a path to 1,050 stores and it is more than halfway there. Currently, it operates 584 stores in 32 states, following the opening of 25 stores in the most recent quarter – 18 of which were former Big Lots locations. And it's footprint reaches no further west than Texas and Oklahoma. Through the end of July, some 29 store openings have been announced, including its first in New Hampshire and Nebraska. And 23 of those will be Big Lots locations. Store expansion has jazzed Ollie's recent results. It ended fiscal 2024 with revenues up 8% to $2.3 billion and net sales increased 13.4% to $577 million in the first quarter. However, comparable sales growth was a disappointment, up 2.6% in the current quarter versus 3% last year. The first quarter shortfall was primarily attributed to competition from Big Lots' final liquidation sales. With that behind it, Ollie's expects to receive a welcome boost once its newly acquired Big Lots locations are converted. 'These stores are off to a very strong start. We appear to be benefiting from the fact that these are warm boxes, with a built-in discount shopper customer base, which was our hypothesis going in,' van der Valk said. Nonetheless, the company is conservative with its year-end guidance. Revenues are expected to reach between $2.579 billion and $2.599 billion with adjusted net income between $225 million and $232 million. The rapid pace of store growth comes with a cost: $6.7 million in pre-opening expenses, including $1.8 million in 'dark rent' associated with the bankruptcy-acquired stores, plus a 16% increase in SGA expenses to $165 million. Levers To Pull Ollie's depends on in-store traffic for 100% of sales. While it doesn't operate an e-commerce website, the company drives store traffic through digital email and social media marketing, as well as traditional print circulars and regional television spots featuring its quirky Ollie cartoon character logo. Once new customers come in, they are invited to join the free Ollie's Army loyalty program that gives them opportunities to earn greater discounts, including a 15% off coupon as an 'enlistment bonus' and a scaled point-based reward program where members receive a point for every dollar spent. Redemption rewards start after 250 points are earned. Plus Ollie's Army members get exclusive access to the store during Ollie's Army Night in December, offering storewide discounts up to 50% off. The December event is typically Ollie's biggest sales day each year and it added a June event this year to coincide with its annual Ollie's Army Day promotion. In the most recent quarter, Ollie's Army membership grew 9% to 15.5 million members, its fastest growth rate in the past four years. Ollie's Army members account for 80% of sales and spend upwards of 40% more per shopping trip. Going forward, converting casual shoppers to Ollie's Army members is a strategic focus. Van der Valk explained that it is testing alternative conversion methods in its newer stores, which are delivering 'outsized performance.' Growing Ollie's Army membership pays off beyond greater spending. The company gains valuable insights into the most in-demand products and offers to guide the merchant and marketing teams. Forward, March Ollie's is highly disciplined in its buying choices. Despite the wide-ranging opportunities available, it maintains a 40% gross margin rate yet has to offer deep enough discounts to energize its customer base. In other words, Ollie's can afford to be choosy. 'We see continued strength in OLLI's value business model. Store expansion is highly visible as the company's increasing size and scale amplifies its purchasing power leading to more business with vendors,' Jefferies equity analyst Randal Konik wrote. Ollie's has honed a winning formula that will keep it moving forward despite or because of the disruptions ahead in retail. 'Given the challenging environment, we believe there could be product and market share opportunities. The significant number of retail store closures over the past year has already resulted in strong deal flow and abandoned customers. This is only likely to increase going forward,' said van der Valk. 'We are aggressively going after market share by accelerating our store growth, expanding our digital marketing capabilities, and enhancing our Ollie's Army customer loyalty program,' he concluded. See also:
Yahoo
02-07-2025
- Business
- Yahoo
OLLIE'S CELEBRATES FIRST GRAND OPENING IN NEBRASKA
Bargains Coming to Omaha, NE HARRISBURG, Pa., July 2, 2025 /PRNewswire/ -- Bargain shoppers, the countdown is on for the grand opening of the newest Ollie's store in Omaha. Ollie's is known for unbeatable brand name closeouts at up to 70% off the fancy stores' prices every day! You'll find bargains on books, flooring, food, housewares, toys, electronics, stuff for your bedroom and bathroom, health and beauty products, pet supplies, and so much more! The newest Ollie's will officially celebrate its grand opening in Omaha on Wednesday, July 2nd at 9 am. Find us off 72nd Street next to Marshalls in the old Big Lots! "We are excited to open our first store in the great state of Nebraska, where the folks have been so good to us," said Eric van der Valk, President and Chief Executive Officer of Ollie's Bargain Outlet. "With so many great deals, we're thrilled to provide shoppers in Omaha and its surrounding areas with a treasure hunt experience where they can find a huge selection of brand name merchandise at up to 70% off the fancy stores' prices every day." Ollie's brings about 50-60 new jobs to the local community with each new store it opens, ranging from cashiers to assistant managers. Ollie's employs over 12,000 associates across the company. For more information about Ollie's Bargain Outlet, visit and like us on Facebook. About Ollie's Bargain Outlet, Inc. Ollie's is America's largest retailer of closeout merchandise and excess inventory, offering Real Brands and Real Bargain prices®! We offer extreme value on brand-name products in a variety of departments, including housewares, food, books and stationery, bed and bath, floor coverings, toys, health and beauty aids and more. We currently operate 599 stores in 33 states and growing! For more information, visit View original content to download multimedia: SOURCE Ollie's Bargain Outlet Holdings, Inc. 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
26-06-2025
- Business
- Yahoo
Ollie's Bargain Outlet Holdings, Inc. (OLLI): A Bull Case Theory
We came across a bullish thesis on Ollie's Bargain Outlet Holdings, Inc. (OLLI) on TQI Capital's Substack. In this article, we will summarize the bulls' thesis on OLLI. Ollie's Bargain Outlet Holdings, Inc. (OLLI)'s share was trading at $120.8 as of 16th June. OLLI's trailing and forward P/E were 37.17 and 31.75 respectively according to Yahoo Finance. Photo by 卓倩 李 on Unsplash Ollie's Bargain Outlet delivered a standout Q1 FY25, translating its aggressive expansion strategy into record-breaking execution. Management opened 25 new stores in the quarter—the most ever for any single period—and is capitalizing on retail industry disruption, especially the closures of Big Lots and other players. These shuttered stores not only provided attractive real estate ('warm boxes') with an embedded discount shopper base, but also unlocked closeout inventory, fueling Ollie's treasure-hunt value proposition. Comparable store sales rose 2.6%, driven by increased transactions, while net sales grew 13% to $577 million. Adjusted net income beat expectations at $46.1 million, and gross margin held steady at 41.1%, despite a mix shift, affirming management's 40% target. Although SG&A costs rose due to store openings and medical claims, Ollie's operating leverage and robust inventory access helped mitigate the impact. Notably, the loyalty program 'Ollie's Army,' already responsible for 80 %+ of sales, saw strategic enhancements—exclusive shopping events and promotions—cementing customer stickiness in a competitive landscape. Ollie's is also absorbing displaced traffic from nearby closed Big Lots, with sustained low-to-mid-single-digit sales lifts, reinforcing its ability to capture share. Inventory flow remains a key advantage, bolstered by supplier relationships and exits from smaller chains, while a clean balance sheet—with $415 million in cash and no meaningful long-term debt—ensures continued agility. Even with looming tariff uncertainty, Ollie's flexible, deal-driven model insulates it from shocks. While the stock's valuation now reflects much of this operational strength, the company's disciplined reinvestment strategy, strong margins, and expanding footprint make it a compelling long-term compounder on its path to achieving its 1,000+ store goal. Previously, we covered a bullish thesis on Dollar Tree (DLTR) from Tsoh Investment Research, spotlighting its shift toward a multi-price strategy modeled after Dollarama to unlock margin expansion and merchandising flexibility. The thesis on Ollie's Bargain Outlet (OLLI) by TQI Capital echoes this retail evolution theme, emphasizing scale-driven growth and closeout inventory advantages in a disrupted value retail landscape. Ollie's Bargain Outlet Holdings, Inc. (OLLI) is not on our list of the 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Ollie's Bargain Outlet Holdings, Inc. (OLLI) at the end of the first quarter, which was 34 in the previous quarter. While we acknowledge the risk and potential of OLLI as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock. READ NEXT: 8 Best Wide Moat Stocks to Buy Now and 30 Most Important AI Stocks According to BlackRock. Disclosure: None. This article was originally published at Insider Monkey. 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
