Ollie’s Bargain Outlet

Ollie’s Bargain Outlet is a national retailer known for offering closeout, overstock, and excess inventory merchandise at deeply discounted prices. The company was founded in 1982 in Harrisburg, Pennsylvania, starting as a single store with a focus on delivering value to customers through a wide and ever-changing assortment of brand-name goods. Over the years, Ollie’s has become recognized for its “treasure hunt” shopping experience, where customers can find deals on everything from housewares and food to electronics, toys, books, flooring, hardware, and seasonal items.

As of November 2025, Ollie’s operates 950 stores across the United States, making it one of the largest retailers in the discount sector. The company remains independent and all stores are company-owned and operated, ensuring consistency in operations and decision-making. Ollie’s headquarters are still based in Harrisburg, serving as the central hub for its real estate, merchandising, and operations teams.

A significant milestone in Ollie’s growth was its public listing on NASDAQ under the ticker OLLI, which helped fuel its expansion. In the past five years, Ollie’s has accelerated its store openings, especially in Texas, the Southeast, and Midwest. The company has strategically targeted high-traffic shopping centers and former big-box retail locations, often in suburban and secondary markets. This approach has allowed Ollie’s to take advantage of vacancies left by other retailers and to enter areas with strong residential growth. Recent filings show active expansion in Texas and the Southeast, with the company on pace to surpass 1,000 locations by late 2026.

Ollie’s has built a reputation for stability and credibility, supported by its public company status and a track record of robust financial results. Its preference for large-format stores and flexible build-outs makes it an attractive anchor tenant for landlords and developers. The company’s ongoing expansion and ability to adapt to changing retail environments continue to make it a key player in the discount retail space, with a broad geographic footprint and a steady pipeline of new projects.