Ollie's Bargain Outlet


Ollie's Bargain Outlet is an American chain of discount retail stores founded in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver "Ollie" Rosenberg. The first store was opened in Mechanicsburg, Pennsylvania, just outside Harrisburg., the chain has 356 locations in 25 states.
Ollie's stores feature its namesake co-founder Oliver E. Rosenberg, in the form of humorous caricatures throughout its stores' interiors, merchandising displays and on its logo and exterior signage. Rosenberg, a capital area realtor and entrepreneur, died in 1996 at age 75.

History

In 2008, the chain consolidated its four distribution warehouses into one located in York, Pennsylvania. In 2014, the chain opened its second distribution center in Commerce, Georgia.
In December 2019, Ollie's announced that John Swygert would become president and CEO of the company following the death of co-founder, president and CEO Mark Butler on December 1, 2019. Swygert had previously been executive vice president and chief operating officer of Ollie's since January 2018.

Initial public offering

An IPO was launched on July 16, 2015 at $16.00/share.