Ollie’s Bargain Outlet Holdings has reported that, for the nine-week holiday period ended January 2, total sales increased 23% with comparable store sales gaining 5.6%. Another off-pricer, Burlington Stores, also gained during the holidays although the retailer was impacted by the unseasonably warm weather.
Burlington stated that its net sales for the fourth quarter should come in up 3.7% with comparable store sales flat but up 4% excluding the impact of cold weather goods. Gift-oriented home goods was among the stronger segments in sales terms, the company said.
As for Ollie’s, Mark Butler, chairman, president and CEO, said, “We are thrilled with our holiday sales results and the trends in the business over the past few months. We saw strong sales momentum throughout the holiday season, including the week of Black Friday, Ollie’s Army Night, and the weeks before and after Christmas. We are excited by the strong results and momentum of the business heading into a new fiscal year.”