Discount Retailer Continues
Expansion, Creating New Jobs, and Bringing Real Bargains on Real
Brands to the Midwest
HARRISBURG, Pa., Sept. 27,
2023 /PRNewswire/ -- Ollie's Bargain Outlet Holdings,
Inc. (Nasdaq: OLLI) celebrates two major milestones this week with
the grand opening of its 500th store in Iowa City, Iowa and the "Topping Out" ceremony
of its first Midwest distribution center in Princeton, Illinois.
"It's a very exciting week for Ollie's as we open our
500th store in Iowa—our 30th state—and we are
grateful to our team members and customers who have helped us reach
this important milestone," said John
Swygert, President and Chief Executive Officer. "As we
continue our journey to open more than 1,050 stores, building a
distribution center strategically located in Illinois allows us to efficiently meet demand
and deliver outstanding deals to our customers at the lowest
possible prices while we expand our national footprint."
In a time-honored tradition known as "Topping Out," a signed
steel beam will be placed on the roof of the Illinois facility signaling the next phase of
construction of the more than 615,000 square foot distribution
center. Scheduled to open in 2024, the new center is a crucial
element to meet growing consumer demand in the Midwest, servicing
between 150 to 175 stores, including the 500th store
opening today in Iowa. With a
capital investment of over $75
million over the next few years, the location will also
create over 200 new full-time jobs, generating economic benefits
for the region.
Ollie's currently employs over 11,000 team members across 30
states and growing as we execute on our growth plans to open over
1,050 stores nationwide. Each new store creates roughly 50 to 60
new jobs for the local communities we serve, ranging from cashiers
to store team leaders.
The new Iowa store is located
at 1660 Sycamore Street, Iowa City
and the doors will open at 9:00 am Central
time today.
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 500 stores in 30 states and growing! For more
information, visit www.ollies.us
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SOURCE Ollie's Bargain Outlet Holdings, Inc.