Ollie's Celebrates Grand Opening of its 600th Store and Expansion into 34th State

Rhea-AI Summary

Ollie's Bargain Outlet (NASDAQ:OLLI) has achieved a significant milestone with the opening of its 600th store in Belmont, New Hampshire, marking its expansion into its 34th state. The new location, situated at 96 Daniel Webster Highway in a former Big Lots space, continues the company's tradition of offering brand name closeout merchandise at up to 70% off regular retail prices.

The expansion demonstrates Ollie's continued growth, with each new store creating 50-60 new jobs in local communities. The company now employs over 13,000 associates across its operations, offering a wide range of positions from cashiers to team leaders.

Positive

• Milestone achievement of 600th store opening
• Geographic expansion into 34th state
• Creation of 50-60 new jobs per store location
• Strong employment base of over 13,000 associates
• Competitive pricing strategy offering up to 70% savings

Negative

• None.

News Market Reaction – OLLI

+3.56%

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+3.56% News Effect

On the day this news was published, OLLI gained 3.56%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Bargains Coming to Belmont, NH

HARRISBURG, Pa., July 17, 2025 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc. (NASDAQ:OLLI) today celebrates the Grand Opening of its 600^th store in Belmont and expansion into New Hampshire, its 34^th state. Ollie's is America's largest retailer of brand name closeout merchandise and excess inventory at up to 70% off the fancy stores' prices every day! You'll find bargains on books, flooring, food, housewares, toys, electronics, bed and bath, health and beauty, pet supplies, and so much more! The Grand Opening of Ollie's 600^th store will take place today, Thursday, July 17^th at the Belmont, New Hampshire store located at 96 Daniel Webster Highway in the old Big Lots location.

"We are thrilled to bring our huge selection of brand name household merchandise at prices up to 70% below the fancy stores to the great city of Belmont and state of New Hampshire," said Eric van der Valk, President and Chief Executive Officer of Ollie's Bargain Outlet. "At a time when many people are trying to stretch their hard-earned dollars, we are delivering unprecedented value through an ever-changing assortment of everyday household products that combines quality, national brands, and pricing in a way that can only be found at Ollie's. To the great people of New Hampshire, if you have never been to an Ollie's store, we invite you to come to Belmont and see what we are all about. We are passionate about what we do, the people we serve and the communities in which we operate."

Ollie's brings about 50 to 60 new jobs to the local community with each new store it opens, ranging from cashiers to team leaders. Ollie's employs over 13,000 associates across the company.

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

About Ollie's

Ollie's is a leading off-price retailer of brand name household products. Since our founding in 1982, our mission has been to sell Good Stuff Cheap®. We do this through a flexible buying model that focuses on closeout merchandise and excess inventory from suppliers and manufacturers around the world. Our stores offer Real Brands! Real Bargains! ® in a treasure hunt environment at prices up to 70% below other retailers. As of May 3, 2025, we operated 584 stores in 32 states and growing! For more information, visit www.ollies.com.

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SOURCE Ollie's Bargain Outlet Holdings, Inc.

FAQ

When did Ollie's Bargain Outlet (NASDAQ:OLLI) open its 600th store?

Ollie's opened its 600th store on July 17, 2025 in Belmont, New Hampshire.

How many jobs does a new Ollie's store create in local communities?

Each new Ollie's store creates 50 to 60 new jobs in the local community, ranging from cashiers to team leaders.

How many states does Ollie's Bargain Outlet operate in as of 2025?

With the expansion into New Hampshire, Ollie's now operates in 34 states.

What is the total number of employees at Ollie's Bargain Outlet?

Ollie's employs over 13,000 associates across the company.

What discount does Ollie's Bargain Outlet offer compared to regular retail prices?

Ollie's offers brand name closeout merchandise at prices up to 70% off regular retail prices.