OLLIE'S RAISES OVER $830,000 FOR FEEDING AMERICA®
Rhea-AI Summary
Ollie's Bargain Outlet has successfully raised over $830,000 for Feeding America through its sixth annual in-store fundraising campaign. The initiative, running from March 9th to April 12th, involved 579 stores across 31 states, benefiting 138 Feeding America partner food banks.
Since 2020, Ollie's stores have contributed more than $4.4 million to combat hunger in America. The campaign's success was attributed to the company's expanding store network, dedicated team members, and customer generosity. President and CEO Eric van der Valk emphasized the company's commitment to addressing food insecurity, which affects millions of Americans daily.
Lauren Biedron, Senior VP of Corporate Partnerships at Feeding America, acknowledged the significance of this support, particularly during a period of heightened food costs and increased food insecurity. The partnership exemplifies the collaborative effort required to work toward a hunger-free future.
Positive
- Store expansion: Network grew to 579 stores across 31 states, indicating continued business growth
- Increased fundraising: Reached new milestone in donations with $830,000 raised, demonstrating strong customer engagement and store traffic
Negative
- None.
News Market Reaction
On the day this news was published, OLLI gained 0.58%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Fundraising Campaign Benefits 138 Partner Food Banks
"Food insecurity affects millions of Americans every day, and Ollie's is proud to stand alongside Feeding America in the fight to end hunger," said Eric van der Valk, President and Chief Executive Officer of Ollie's. "Through our growing store base, the dedication of our store team members and the incredible generosity of our customers, we reached a new milestone in giving this year, helping provide even greater support to kids and families in the communities that we serve."
"We are incredibly thankful to Ollie's customers and team members for their generosity and support at a time when high food costs and expenses have intensified food insecurity for many families," said Lauren Biedron, Senior Vice President of Corporate Partnerships at Feeding America. "Ending hunger is a mission that requires strong collaboration. Partners like Ollie's, who share in our vision of a hunger-free future, play a significant role in helping to ensure everyone has access to the food and resources they need to thrive."
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, stationery, bed and bath, rugs and flooring, toys, health and beauty aids, and more. We currently operate more than 576 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
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