Ollie’s Bargain Outlet Announces Availability to Purchase Excess Toy Merchandise
April 02 2018 - 8:00AM
Ollie’s Bargain Outlet, Inc. (NASDAQ:OLLI) (“Ollie’s or the
“Company”) - announced today that it has funds available to
purchase closeout merchandise and excess inventory from toy
manufacturers, distributors, and retailers that may be impacted by
the recent announcement by a big box toy retailer that it is
closing hundreds of brick and mortar stores across the country.
“There are financial and other reasons why companies affected
may need to liquidate,” said Ollie’s Chairman, President and Chief
Executive Officer. Mark Butler. “If that’s the case, we want them
to know that we are ready and willing to talk.”
In an advertisement in today’s Wall Street Journal, Ollie’s
offered to purchase excess toy inventory as a result of cancelled
or delayed orders, over productions, discontinued items, and
overstocks. Ollie’s is looking to purchase toys from the following
categories: games, plush, preschool, dolls, remote control, die
cast, crafts, balls, puzzles, bicycles, ride ons, action figures,
and more.
“We see an opportunity to do business that is mutually
beneficial to those who may need to offload merchandise, so we are
just reminding folks that we are here and have the funds available
to purchase this merchandise, as well as the logistical expertise
to act quickly to take possession of the goods,” said Mr.
Butler.
If you have merchandise to liquidate and would like to discuss,
please contact:
- Scott Feinstein, Vice President - Divisional Merchandise
Manager – sfeinstein@ollies.us
- Shane Thornton, Divisional Merchandise Manager –
sthornton@ollies.us
- Leo Coyne, Assistant Buyer – lcoyne@ollies.us
In addition to excess toy merchandise, Ollie’s is also
constantly looking for new store leasing opportunities. Their
footprint covers 21 states up and down the East Coast. If you know
of any soon to be vacant sites, and would like to discuss further,
please contact Jerry Altland, Vice President of Real Estate at
jaltland@ollies.us. About
Ollie’s Bargain Outlet
Ollie’s Bargain Outlet, Inc., founded in 1982, is one of
America’s largest retailers of closeout merchandise and excess
inventory, offering real brands at real bargain prices. Famous for
its signature catch-phrase “Good Stuff Cheap,” Ollie’s has a huge
variety of famous brand-name merchandise in every department –
food, books, housewares, toys, electronics, domestics, clothing,
furniture, health and beauty, flooring, seasonal items and so much
more – at up to 70 percent off the fancy stores’ prices. You never
know what you’ll find at one of Ollie’s 274 “semi-lovely” stores in
Alabama, Arkansas, Connecticut, Delaware, Florida, Georgia,
Indiana, Kentucky, Maryland, Michigan, Mississippi, New Jersey, New
York, North Carolina, Ohio, Pennsylvania, Rhode Island, South
Carolina, Tennessee, Virginia and West Virginia. For more
information, visit www.ollies.us. Like us on Facebook or find us on
Twitter at @OlliesOutlet. Ollie’s is a publicly-traded company on
NASDAQ under the ticker symbol OLLI.
CONTACT: Dan Haines(717)
657-2300dhaines@ollies.us
Ollies Bargain Outlet (NASDAQ:OLLI)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ollies Bargain Outlet (NASDAQ:OLLI)
Historical Stock Chart
From Apr 2023 to Apr 2024