Ollie's Bargain Outlet

Ollie's Bargain Outlet is a prominent American discount retailer specializing in closeout merchandise and excess inventory. Founded in 1982 by Mark Butler, Mort Bernstein, Oliver "Ollie" Rosenberg, and Harry Coverman, the company has grown to become one of the largest deep-discount retailers in the United States.

Operating over 500 stores across 31 states, Ollie's offers a diverse range of brand-name products at significantly reduced prices. Their inventory includes housewares, food, books, stationery, bed and bath items, floor coverings, toys, hardware, electronics, and more.

This extensive selection is sourced through strategic partnerships with manufacturers, wholesalers, and retailers. This enables Ollie's to provide customers with high-quality goods at exceptional values.

Business Model

The company's business model revolves around purchasing overstock, closeouts, and discontinued items. These are then sold in their "semi-lovely" warehouse-style stores.

This approach offers customers the thrill of the find and ensures that Ollie's can pass on substantial savings. Discounts can be as high as 70% off traditional retail prices.

Community Engagement

In addition to its retail operations, Ollie's is committed to community engagement through its Ollie's Cares Charitable Foundation. Each year, the company raises over $2 million for various organizations.

Supported organizations include the Cal Ripken, Sr. Foundation, Kevin Harvick Foundation, Feeding America, Toys for Tots, and Children's Miracle Network Hospitals.

Recent Developments

As of August 2023, Ollie's expanded its footprint by entering its 30th state with the opening of its 500th store in Iowa City, IA. This milestone underscores the company's ongoing growth and dedication to providing customers nationwide with quality products at unbeatable prices.

Locations

Ollie's Bargain Outlet operates stores in various locations including:

• Galveston, TX, USA