by Mike Duff | Dec 13, 2024 | Retail Articles
Ollie’s recorded a third-quarter earnings gain that topped Wall Street estimates, but the company missed on revenue as comparable sales declined. Ollie’s also confirmed a planned chief executive officer transition from John Swygert to Eric van der Valk is on...
by Mike Duff | Oct 9, 2024 | Retail Articles
In a filing with the United States Bankruptcy Court for the District of Delaware, Big Lots identified leases it is ready to depart and stores it is ready to close, now combining for a total of nearly 500. After initially listing 179 leases it was prepared to reject,...
by Mike Duff | Sep 23, 2024 | Retail Articles
Ollie’s has announced that it will open ten of its off-price stores in Texas, all of which are former 99 Cents Only locations the company acquired. The new Ollie’s stores will operate in the Dallas, Houston, McAllen and San Antonio markets, the company noted. ...
by Mike Duff | Aug 26, 2024 | Retail Articles
As it continues adding stores, Ollie’s Bargain Outlet Holdings has opened a new, approximately 615,000-square-foot distribution center in Princeton, IL. Ollie’s pointed out that the DC is a crucial part of its growth plan and supports nationwide...
by Mike Duff | Jun 12, 2024 | Retail Articles
The first quarter produced solid results at Ollie’s Bargain Outlet Holdings, which advanced comparable sales and earnings while adding new stores. Net income was $46.3 million, or 75 cents per diluted share, versus $31 million, or 50 cents per diluted share, in the...
