Ollie's Bargain Outlet

Ollie's Bargain Outlet is an American chain of discount retail stores founded in 1982[1] by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver "Ollie" Rosenberg. The first store was opened in Mechanicsburg, Pennsylvania, just outside Harrisburg. As of August 2020, the chain has 370 locations in 25 states.[2]

Ollie's Bargain Outlet Holdings, Inc.
Public
Traded as
IndustryRetail
FoundedJuly 26th, 1982 (July 26th, 1982)
FounderMorton Bernstein, Mark L. Butler, Harry Coverman, Oliver E. Rosenberg
HeadquartersHarrisburg, Pennsylvania, U.S.
ProductsHousewares, Food, Flooring, Books, Toys, Hardware, Electronics, Clothing, Lawn and Garden, Health and Beauty, Sporting Goods, Pet Supplies, Automotive, Seasonal
Websitewww.ollies.us

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, a capital area realtor and entrepreneur, died in 1996 at age 75.[3]

Ollie's Store, Ypsilanti, Michigan

History

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.[4]

In December 2019, Ollie's announced that John Swygert would become president and CEO of the company following the death of co-founder, president and CEO Mark Butler on December 1, 2019. Swygert had previously been executive vice president and chief operating officer of Ollie's since January 2018.[5]

Initial public offering

An IPO was launched on July 16, 2015 at $16.00/share.[6]

References
  1. "CCMP :: News". Ccmpcapital.com. 2012-09-28. Retrieved 2013-06-03.
  2. "Ollie's History". Ollie's Bargain Outlet. Retrieved 2017-04-09.
  3. Luciew, John (August 2, 2017). "Ollie's Bargain Outlet inspiration: The real 'Ollie' and the woman who loved him". Penn Live. Retrieved 20 November 2017.
  4. Morgan, Jamie. "Ollie's Bargain Outlet". Scw-mag.com. Retrieved 2013-06-03.
  5. "Ollie's Bargain Outlets names new president and CEO after leader's unexpected death". pennlive. 2019-12-10. Retrieved 2019-12-24.
  6. Stock Exchange, NASDAQ. "Ollie's IPO". NASDAQ.com. Retrieved 2015-07-18.
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