Ollie's Bargain Outlet
Company type | Public |
---|---|
Industry | Retail |
Founded | July 26th, 1982 |
Founder |
|
Headquarters | Harrisburg, Pennsylvania, U.S. |
Products |
|
Website | www |
Ollie's Bargain Outlet is an American chain of discount retail stores founded in 1982[1] by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver "Ollie" Rosenberg. The first store was opened in Mechanicsburg, Pennsylvania, just outside Harrisburg. As of November 2020[update], the chain has 389 locations in 25 states.[2]
Ollie's stores feature its namesake co-founder Oliver E. Rosenberg, in the form of humorous caricatures throughout its stores' interiors, merchandising displays and on its logo and exterior signage. Rosenberg, a capital area realtor and entrepreneur, died in 1996 at age 75.[3]
History
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.[4]
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.[5]
Initial public offering
An IPO was launched on July 16, 2015 at $16.00/share.[6]
References
- ^ "CCMP :: News". Ccmpcapital.com. 2012-09-28. Retrieved 2013-06-03.
- ^ "Ollie's History". Ollie's Bargain Outlet. Retrieved 2017-04-09.
- ^ Luciew, John (August 2, 2017). "Ollie's Bargain Outlet inspiration: The real 'Ollie' and the woman who loved him". Penn Live. Retrieved 20 November 2017.
- ^ Morgan, Jamie. "Ollie's Bargain Outlet". Scw-mag.com. Retrieved 2013-06-03.
- ^ "Ollie's Bargain Outlets names new president and CEO after leader's unexpected death". pennlive. 2019-12-10. Retrieved 2019-12-24.
- ^ Stock Exchange, NASDAQ. "Ollie's IPO". NASDAQ.com. Retrieved 2015-07-18.
External links
- Retail companies established in 1982
- Discount stores of the United States
- Companies based in Harrisburg, Pennsylvania
- Companies listed on NASDAQ
- 1982 establishments in Pennsylvania
- 2015 initial public offerings
- Surplus stores
- Variety stores
- Toy retailers of the United States
- United States retail company stubs