| Market Capitalization (Millions $) |
4,546 |
| Shares
Outstanding (Millions) |
61 |
| Employees |
13,000 |
| Revenues (TTM) (Millions $) |
2,729 |
| Net Income (TTM) (Millions $) |
249 |
| Cash Flow (TTM) (Millions $) |
-1 |
| Capital Exp. (TTM) (Millions $) |
101 |
Business Description
Ollie's Bargain Outlet Holdings Inc. is an American chain of discount retail stores that offers a diverse range of products at reduced prices. The company's headquarters are in Harrisburg, Pennsylvania, and it currently has over 400 stores in the Eastern, Midwestern, and Southern regions of the United States.
Ollie's Bargain Outlet offers a large selection of merchandise which includes closeout, overstocked, and obsolete items ranging from housewares, food, electronics, books, toys, sporting goods and apparel, limited-time only and name-brand products. Their products are typically marked 30-70% lower than the regular retail prices.
The company was founded in 1982 by Morton Bernstein, Mark Butler and Harry Coverman. It was first named Ollie's Army and was primarily an outlet for excess World War II surplus merchandise. In 2003, the company was sold to a private equity firm, CCMP Capital Advisors.
In 2015, Ollie's Bargain Outlet completed its initial public offering, trading under the ticker symbol "OLLI" on the NASDAQ stock exchange. Since then, the company has shown impressive growth, opening new stores and expanding its consumer base. The company's strategy involves expanding through both new store openings and acquisitions of other discount retailers.
Ollie's Bargain Outlet has built up a loyal customer base thanks to its low prices and constantly rotating stock, which makes shopping a fun and exciting experience. The store is particularly popular with bargain hunters, families on a tight budget, and those looking for unique, offbeat products.
In conclusion, Ollie's Bargain Outlet Holdings Inc. is a successful discount retail store chain known for its affordable prices, constantly rotating stock and unique, one-of-a-kind finds. Its growth strategy of new store openings and acquisitions has propelled the company towards the top of the industry, making it a valuable investment for many shareholders.
Company Address: 6295 Allentown Boulevard Harrisburg 17112 PA
Company Phone Number: 657-2300 Stock Exchange / Ticker: NASDAQ OLLI
|
2.94% 
100.15 %