VT: Ollie's Bargain Outlet Opens 400th Store, to Open 50 Locations This Year
17 May, 2021
Closeout retailer Ollie's Bargain Outlet Inc. has opened its 400th store, in Springfield, Vermont, which is the company's first location in the Green Mountain State.
Ollie's now has stores in 26 states and is on track to open 50 stores this year, reports the publication Chain Store Age. Longer-term, it has set a goal of expanding to more than 1,050 locations nationwide.
Earlier this month, Ollie’s appointed Eric van der Valk as executive VP and COO. Most recently, he served as president and COO at Christmas Tree Shops, which he joined in 2005.
“Eric has a proven track record and brings expertise across several key functional areas including store operations, supply chain, sourcing, planning/allocation, and marketing,” said John Swygert, president and CEO of Ollie’s Bargain Outlet. “We believe that his extensive background, leadership skills and deep knowledge of the discount retail space will be instrumental to the execution of our growth plans as we expand our store base to 1,050 locations."
Ollie’s offers closeout brand-name merchandise in multiple categories, including food, books, housewares, toys, electronics, domestics, clothing, furniture, health and beauty, flooring, seasonal and more.
“Since our humble beginnings in Mechanicsburg, Pa., almost 39 years ago, we have experienced explosive growth while staying true to our roots of offering customers brand name merchandise at up to 70% off the fancy store prices,” Swygert said.
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