Ollie's Bargain Outlet

#2268

Rank

$6.46B

Marketcap

United States

Country

Leadership team

Mr. John W. Swygert Jr. (Pres, CEO & Director)

Mr. Eric van der Valk (Exec. VP & COO)

Mr. Larry Kraus (VP & Chief Information Officer)

Products/ Services

Consumer Goods, E-Commerce, Retail

Number of Employees

1,000 - 20,000

Headquarters

Harrisburg, Pennsylvania, United States

Established

1982

Company Registration

SEC CIK number: 0001639300

Net Income

100M - 500M

Revenue

Above - 1B

Traded as

OLLI

Social Media

URL

https://www.ollies.us

Overview

Location

Recognition and Award

References

Summary

Ollie's Bargain Outlet Holdings, Inc. operates as a retailer of brand name merchandise. The company offers housewares, bed and bath, food, floor coverings, health and beauty aids, books and stationery, toys, and electronics; and other products, including hardware, candy, clothing, sporting goods, pet and lawn, and garden products. It provides its products primarily under the Ollie's, Ollie's Bargain Outlet, Good Stuff Cheap, Ollie's Army, Real Brands Real Cheap!, Real Brands! Real Bargains, Sarasota Breeze, Steelton Tools, American Way, and Middleton Home names. As of August 3, 2022, it operated 450 stores in 29 states throughout half of the United States. The company was formerly known as Bargain Holdings, Inc. and changed its name to Ollie's Bargain Outlet Holdings, Inc. in March 2015. Ollie's Bargain Outlet Holdings, Inc. was founded in 1982 and is headquartered in Harrisburg, Pennsylvania.

History

The first store was opened in Mechanicsburg, Pennsylvania, just outside Harrisburg.

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.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.

Mission

Our mission is to provide customers with brand-name merchandise at unbelievable prices - AWESOME cheap! We take pride in offering a wide selection of products and searching for deals on closeouts, excess inventory, package changes and salvage merchandise.

Vision

Our vision is to be the consumers’ first choice in extreme-value shopping. We strive to provide outstanding value, quality goods, and excellent customer service.

Key Team

Mr. Kevin McLain (Sr. VP & Gen. Merchandise Mang.)

Mr. Jay Stasz (Sec.)

Mr. Dan Haines (VP of Marketing & Advter.)

Mr. Robert F. Helm (Sr. VP & CFO)

Mr. James J. Comitale (Sr. VP & Gen. Counsel)

Tom Kuypers (Sr. VP of Marketing & Advter.)

Ms. Kelly Costanza (Sr. VP of HR)

Recognition and Awards

Ollie’s Bargain Outlet has been awarded the Retailer of the Year by the North American Retail Hardware Association in both 2017 and 2018. The company has also been included in the Fortune Magazine list of “100 fastest-growing companies” and was part of the “Next Billion Dollar Brands” list by Forbes magazine.