Ollie's Bargain Outlet Holdings, Inc. - Common Stock (OLLI)

Frequently Asked Questions About Ollie's Bargain Outlet Holdings, Inc. - Common Stock (OLLI)

Can I shop online at Ollie's?

While Ollie's Bargain Outlet emphasizes its in-store shopping experience, the company does allow online browsing of its current offerings and store locations. However, as of now, Ollie's does not offer e-commerce capabilities for direct product purchases online.

Does Ollie's Bargain Outlet have a mobile app?

Yes, Ollie's Bargain Outlet has a mobile app that allows customers to view current promotions, browse store locations, and receive notifications about sales and discounts. The app enhances customer engagement and provides another avenue for shoppers to connect with the company.

Does Ollie's Bargain Outlet offer any loyalty programs?

Yes, Ollie's Bargain Outlet has a loyalty program called 'Ollie's Army,' which allows customers to sign up for special promotions, discounts, and exclusive offers. Members receive regular communications about sales, promotions, and saving opportunities, enhancing their overall shopping experience.

How does Ollie's Bargain Outlet price its products?

Ollie's Bargain Outlet prices its products significantly lower than traditional retail by sourcing closeouts, overstocks, and liquidated goods. The company's business model allows them to pass on these savings to customers, providing value-oriented shoppers with the opportunity to purchase high-quality merchandise for less.

How does Ollie's engage with its customers?

Ollie's engages with its customers through various channels, including its website, social media platforms, and in-store promotions. The company actively encourages feedback and interaction from shoppers, fostering a sense of community and ensuring they are responsive to customer needs and preferences.

How often does Ollie's update its inventory?

Ollie's Bargain Outlet frequently updates its inventory due to its business model, which relies on purchasing closeouts and seasonal goods. This leads to a constantly changing selection, providing customers with new deals and products on a regular basis, often encouraging repeat visits to their stores.

Is Ollie's Bargain Outlet publicly traded?

Yes, Ollie's Bargain Outlet Holdings, Inc. is publicly traded on the Nasdaq stock exchange under the ticker symbol OLLI. The company went public in July 2015, providing it with the necessary capital to expand its operations and store presence.

What are the employment opportunities at Ollie's?

Ollie's Bargain Outlet offers a variety of employment opportunities across its stores, distribution centers, and corporate offices. The company prides itself on creating a supportive work environment, with positions ranging from entry-level roles to management, and it encourages employee growth and development.

What does Ollie's Bargain Outlet Holdings, Inc. do?

Ollie's Bargain Outlet Holdings, Inc. operates a chain of retail stores that offer a wide variety of bargain-priced merchandise, including closeouts, excess inventory, and salvage goods. The company's focus is on providing customers with significant savings compared to standard retail prices, and their offerings include items in categories like food, household goods, apparel, and seasonal products.

What is Ollie's Bargain Outlet's approach to merchandise sourcing?

Ollie's Bargain Outlet's approach to merchandise sourcing involves purchasing overstock, closeout items, and excess inventory from manufacturers and distributors. This strategy allows the company to acquire products at a lower cost, which in turn enables them to offer exceptional values to their customers.

What is Ollie's Bargain Outlet's corporate social responsibility focus?

Ollie's Bargain Outlet is committed to corporate social responsibility by focusing on community engagement, sustainability practices, and charitable contributions. The company works to give back to the communities in which it operates through donations and partnerships with local organizations, promoting positive impacts in various regions.

What is Ollie's Bargain Outlet's store format?

Ollie's store format is characterized by its no-frills, warehouse-like layout, which emphasizes the bargain-hunting experience. Stores are designed to allow customers to browse aisles filled with discounted items, and the layout often highlights special deals and seasonal products.

What is the future growth plan for Ollie's Bargain Outlet?

Ollie's Bargain Outlet has plans for continued growth through the expansion of its retail locations across the United States, aiming to reach new markets and serve a broader customer base. The company also focuses on enhancing its merchandise offerings and improving the overall shopping experience for its customers.

What is the mission of Ollie's Bargain Outlet?

The mission of Ollie's Bargain Outlet is to provide customers with the most exciting and entertaining shopping experience possible by offering a vast array of high-quality merchandise at incredibly low prices. The company aims to uphold its tagline, 'Good Stuff Cheap,' by ensuring that customers leave their stores satisfied with their bargains.

What types of products does Ollie's sell?

Ollie's sells a wide variety of products including food and snacks, cleaning and household supplies, tools and home improvement goods, toys, apparel, and seasonal items. Their inventory frequently changes due to their business model of purchasing closeouts and excess inventory, making it a unique shopping destination for bargain hunters.

When was Ollie's Bargain Outlet founded?

Ollie's Bargain Outlet was founded in 1982 by Ollie Rosenberg, who started by selling surplus merchandise and closeouts in a single store. Over the years, the company has grown significantly and now operates over 400 stores across the United States.

Where can I find Ollie's Bargain Outlet stores?

Ollie's Bargain Outlet has over 400 locations across 27 states primarily in the eastern and midwestern United States. Customers can find their nearest store by visiting the company's website, which features a store locator tool to help shoppers identify locations and access local promotions.

Where is Ollie's Bargain Outlet headquartered?

Ollie's Bargain Outlet is headquartered in Harrisburg, Pennsylvania. The company's strategic location in this central area allows for efficient logistics and distribution to its store locations across the United States.

Who are Ollie's major competitors?

Ollie's Bargain Outlet faces competition from various discount retailers, including Dollar Tree, Five Below, Big Lots, and other discount chains. Additionally, they compete with traditional retail stores and online retailers that offer discounted goods or value-based shopping experiences.

What is the current price of Ollie's Bargain Outlet Holdings, Inc. - Common Stock?

The current price of Ollie's Bargain Outlet Holdings, Inc. - Common Stock is 114.54

When was Ollie's Bargain Outlet Holdings, Inc. - Common Stock last traded?

The last trade of Ollie's Bargain Outlet Holdings, Inc. - Common Stock was at 2:55 pm EDT on April 4th, 2025

What is the market capitalization of Ollie's Bargain Outlet Holdings, Inc. - Common Stock?

The market capitalization of Ollie's Bargain Outlet Holdings, Inc. - Common Stock is 7.17B

How many shares of Ollie's Bargain Outlet Holdings, Inc. - Common Stock are outstanding?

Ollie's Bargain Outlet Holdings, Inc. - Common Stock has 62.59M shares outstanding.