Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


July 27, 2015 10:31 PM ET

Multiline Retail

Company Overview of Ollie's Bargain Outlet, Inc.

Company Overview

Ollie's Bargain Outlet, Inc. retails closeouts, overstocks, package changes, manufacturer refurbs, irregulars, and salvage merchandise. It offers hardware, books and stationery, carpet, domestics, food, toys, and seasonal goods. The company was founded in 1982 and is based in Harrisburg, Pennsylvania, with stores in Alabama, Delaware, Georgia, Indiana, Kentucky, Maryland, Michigan, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia. Ollie's Bargain Outlet, Inc. operates as a subsidiary of Ollie's Holdings, Inc.

6295 Allentown Boulevard

Suite 1

Harrisburg, PA 17112

United States

Founded in 1982

Phone:

717-657-2300

Fax:

717-901-3077

Key Executives for Ollie's Bargain Outlet, Inc.

Owner, Chief Executive Officer and President
Age: 56
Chief Financial Officer and Executive Vice President
Age: 46
Chief Operating Officer
Chief Information Officer
Vice President of Human Resources
Compensation as of Fiscal Year 2015.

Ollie's Bargain Outlet, Inc. Key Developments

Ollie's Reportedly Seeks IPO

Ollie's Bargain Outlet, Inc. is preparing for an initial public offering (IPO), according to people familiar with the matter. Ollie's, which is owned by Mark Butler, Chief Executive Officer of Ollie's and CCMP Capital Advisors, LLC is working with investment banks JPMorgan Chase & Co. (NYSE:JPM), Bank of America Corporation (NYSE:BAC) and Jefferies LLC on a potential IPO, which is expected later this year, the people said. The people requested anonymity because the matter is private. Ollie's could not be immediately reached for comment. CCMP, JPMorgan, Bank of America and Jefferies declined to comment.

Ollie's Bargain Outlet to Fill Milgen Road Vacancy Left by Kmart

Ollie's Bargain Outlet to fill Milgen Road vacancy left by Kmart. A vacancy has been filled in the Columbus retail market, with an Ollie’s Bargain Outlet opening soon in space formerly occupied by Kmart on Milgen Road. Ollie is scheduled to open Jan. 14 at 5596 Milgen Road. Manchester Square shopping center also is home to a Piggly Wiggly supermarket and a Family Dollar store. Kmart vacated the premises in 2012 as part of a major round of store closings by Sears Holdings Corp., with the Columbus store and one in Auburn, Ala., among more than 100 underperforming locations shuttered across the U.S. at that time. That left three Kmart outlets in Columbus and Phenix City and the Sears department store at Columbus Park Crossing, all of which have escaped the retailer’s belt-tightening thus far. Ollie's Bargain Outlet began preparing for its upcoming opening in Columbus last summer. A city building permit in September shows $300,000 was spent on improvements at Manchester Square. The new tenant stocks its warehouse-style stores with merchandise found through manufacturers’ excess inventory, discontinued stock and salvaged goods through insurers, according to the company’s website. That can include products recovered following a store fire.

Ollie's Bargain Outlet, Inc. Presents at 17th Annual ICR XChange 2015, Jan-13-2015 02:30 PM

Ollie's Bargain Outlet, Inc. Presents at 17th Annual ICR XChange 2015, Jan-13-2015 02:30 PM. Venue: JW Marriott Orlando Grande Lakes, Orlando, Florida, United States.

Similar Private Companies By Industry

Company Name Region
Skycraft Parts & Surplus, Inc. United States
Alachua Farm & Lumber, Inc. United States
DG Promotions, Inc. United States
HF Merchandising, Inc. United States
Dillard Tennessee Operating Limited Partnership United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Greater Houston Partnership United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact Ollies Bargain Outlet, Inc., please visit www.olliesbargainoutlet.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.