Ollie's Bargain Outlet Inc. is a privately-held retail chain of bargain outlet stores. Founded in 1982, Ollie's Bargain Outlet Inc. is headquartered in Harrisburg, Pennsylvania.
Overview & Corporate Organization
PrivCo Industries (Sector > Industry > Sub-Industry)
|Retail > Specialty Retail > Other Specialty Retail, Other|
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Charts, Financials, and Statistics (Table Format)
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|*||Ollie's Bargain Outlet Inc. fiscal year end: 12/31|
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Mergers & Acquisitions
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Detailed Business Description: Ollie's Bargain Outlet Inc.
Ollie's Bargain Outlet is a chain of retail stores founded by Morton Bernstein in 1982 in Harrisburg, Pennsylvania. Ollie's Bargain Outlet retail stores offer surplus merchandise at discounted prices. The goods offered by Ollie’s are obtained from various retailers, suppliers or manufacturers throughout the country, whether in the form of closeouts, bankruptcy sales or other similar means of buying stock at below wholesale costs. Its vast assortment of goods includes books and stationery, housewares, floor coverings, food and sweets and hardware, and various other consumer retail products.
The traditional business model of the retail industry involves purchasing large quantities of products through wholesale channels, marking up prices, and then garnering profits through the selling of these marked-up, wholesale products through customer purchases. Rather than buying bulk quantities of its inventories from manufactures, Ollie’s Bargain Outlet… Continue Reading →