Ollie's Bargain Outlet

"Ollie's" redirects here. For other uses, see Ollie (disambiguation).
Ollie's Bargain Outlet Holdings, Inc.
Ollie's Bargain Outlet
Company typePublic
IndustryDiscount retail
FoundedJuly 26, 1982; 42 years ago (July 26, 1982) in Mechanicsburg, Pennsylvania
Founders
  • Morton Bernstein
  • Mark L. Butler
  • Harry Coverman
  • Oliver E. "Ollie" Rosenberg (company namesake)
HeadquartersHarrisburg, Pennsylvania,
U.S.
Number of locations
515[1]
Area served
United States
Key people
[2]
ProductsGifts, housewares, food, flooring, books, toys, hardware, electronics, clothing, lawn and garden, health and beauty, sporting goods, pet supplies, automotive, seasonal
BrandsVarious
RevenueIncrease US$515.76 million (2021)[3]
Number of employees
11,241[4] (2024)
Websitewww.ollies.us Edit this at Wikidata

Ollie's Bargain Outlet Holdings, Inc., commonly referred to as Ollie's Bargain Outlet is an American chain of discount closeout retailers. It was founded in Mechanicsburg, Pennsylvania, in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver E. "Ollie" Rosenberg; the latter of whom is the namesake of the company. As of May 2024, the chain has 525 locations in 31 states.[5] Its selection of merchandise comprises a variety of discounted household goods, apparel, pet supplies, kitchen pantry staples, and seasonal products (holiday, gardening, patio, pool and beach supplies); a majority of these items are unsold or overstocked merchandise that is purchased in bulk from other retailers and sold at discounted prices.

Ollie's stores feature its namesake co-founder Ollie Rosenberg, in the form of humorous caricatures throughout its stores' interiors, merchandising displays and on its logo and exterior signage. Rosenberg, a Harrisburg area realtor and entrepreneur, died in 1996 at age 75.[6]

Map of branches, July 2024
  1. ^ "New Stores Coming Your Way!". Ollie's. Retrieved 2024-05-14.
  2. ^ "Management Team". Ollie's Bargain Outlet Holdings Inc. Retrieved April 15, 2024.
  3. ^ Zacks Equity Research. "Ollie's Bargain Outlet (OLLI) Tops Q4 Earnings and Revenue Estimates". Zacks Investment Research.
  4. ^ "Investor FAQs Ollie's Bargain Outlet Holdings Inc". Ollie's. Retrieved 2024-05-14.
  5. ^ "Ollie's History". Ollie's Bargain Outlet. Retrieved 2024-05-14.
  6. ^ 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.