OLLIE'S CELEBRATES 10 GRAND OPENINGS IN TEXAS

Rhea-AI Summary

Ollie's, America's largest closeout and excess inventory retailer, has announced the Grand Openings of 10 new stores in Texas. These locations, all former 99₵ Stores, will bring brand name bargains to the Dallas, Houston, McAllen, and San Antonio markets. Shoppers can expect everyday low prices on a wide range of products, including books, flooring, food, housewares, toys, electronics, bedroom and bathroom items, health and beauty products, and pet supplies, with discounts of up to 70% off regular retail prices.

CEO John Swygert expressed excitement about the expansion in Texas, highlighting the company's commitment to providing a treasure hunt experience with great bargains. Each new store is expected to create 50-60 new jobs in local communities, ranging from cashiers to assistant managers. Ollie's currently employs over 10,000 associates across the company.

News Market Reaction

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+2.72% News Effect

On the day this news was published, OLLI gained 2.72%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Bargains Coming to Dallas, Houston, McAllen, San Antonio

HARRISBURG, Pa., Sept. 23, 2024 /PRNewswire/ -- Ollie's, America's largest retailer of closeout merchandise and excess inventory, announced the Grand Openings of 10 new stores in Texas! The new locations, all former 99^₵ Stores, will bring even more brand name bargains to the Dallas, Houston, McAllen, and San Antonio markets. Shoppers will find everyday low prices on books, flooring, food, housewares, toys, electronics, stuff for your bedroom and bathroom, health and beauty products, pet supplies, and so much more for up to 70% off the fancy store prices!

"We are incredibly excited to open ten more stores in the great state of Texas where the folks have been so good to us," said John Swygert, Chief Executive Officer of Ollie's Bargain Outlet. "With the closing of 99^₵ Stores throughout the state, we're thrilled to provide shoppers in the Houston, Dallas, San Antonio, and McAllen areas with a treasure hunt experience where they can find a huge selection of brand name bargains at prices that won't break the bank!"

Ollie's brings about 50-60 new jobs to local communities with each new store it opens, ranging from cashiers to assistant managers. Ollie's employs over 10,000 associates across the company.

For more information about Ollie's Bargain Outlet, visit www.ollies.us and like us on Facebook.

About Ollie's
We are America's largest retailer of closeout merchandise and excess inventory, selling Real Brands at Real Bargain Prices!^® We offer extreme value on brand name products in a variety of departments, including housewares, food, books and stationery, bed and bath, floor coverings, toys, health and beauty aids and more. We currently operate 542 stores in 31 states and growing! For more information, visit www.ollies.us.

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SOURCE Ollie's Bargain Outlet Holdings, Inc.

FAQ

How many new stores is Ollie's (OLLI) opening in Texas?

Ollie's is opening 10 new stores in Texas, specifically in the Dallas, Houston, McAllen, and San Antonio markets.

What type of products will be available at the new Ollie's (OLLI) stores in Texas?

The new Ollie's stores in Texas will offer a wide range of products including books, flooring, food, housewares, toys, electronics, bedroom and bathroom items, health and beauty products, and pet supplies.

What discounts can shoppers expect at the new Ollie's (OLLI) locations in Texas?

Shoppers at the new Ollie's locations in Texas can expect discounts of up to 70% off regular retail prices on brand name merchandise.

How many jobs will Ollie's (OLLI) create with these new store openings in Texas?

Each new Ollie's store is expected to create about 50-60 new jobs in local communities, including positions for cashiers and assistant managers.

What former stores are the new Ollie's (OLLI) locations replacing in Texas?

The new Ollie's locations in Texas are all former 99₵ Stores that have closed.