Following the passing of its founder, Mark Butler, Ollie’s Bargain Outlet reported a solid third quarter and named John Swygert its new president and CEO.
Ollie’s Bargain Outlet has a strong finish to its fiscal year 2018 as the retailer reported solid comparable store gains for the fourth quarter ended February 2.
After a strong holiday season, Ollie’s Bargain Outlet is currently capitalizing on Toys “R” Us’ liquidation as the closeout retailer looks to expand, according to a recent media report.
Ollie’s Bargain Outlet enjoyed strong holiday sales, and noted that housewares helped in the closeout retailer’s overall performance.
Ollie’s Bargain Outlet reported double-digit sales growth in the third quarter as the retailer opened its 300th store in the three-month period ended November 3.
Ollie’s Bargain Outlet pointed to a robust closeout environment as the retailer reported growth across the board for the second quarter ended August 4.
Ollie’s Bargain Outlets surpassed $1 billion in sales during its record fiscal year.
HomeWorld’s first annual Retailers to Watch, in the November 6 issue, looks at eight retailers from various channels making big moves to reinforce their futures.
The holiday retail predictions are in.
Ollie’s Bargain Outlet Holdings has reported that, for the nine-week holiday period ended January 2, total sales increased 23% with…