New Distribution Center to Support Growth
and Create Jobs in the Midwest
HARRISBURG, Pa., Aug. 21,
2024 /PRNewswire/ -- Ollie's Bargain Outlet Holdings,
Inc. (Nasdaq: OLLI) proudly announces the grand opening and
ribbon-cutting ceremony of its newest distribution center located
in Princeton, Illinois. The new
facility is the Company's fourth distribution center and will play
a critical role in the company's growth in the Midwest region and
national expansion westward.
"The opening of our fourth distribution center in Princeton, Illinois is a significant moment
for Ollie's as we continue to expand across the country," said
Eric van der Valk, President at
Ollie's. "This facility will help us meet the growing demand in the
Midwest for Real Brands at Real Bargain prices."
This modern facility spans over 615,000 square feet and is
positioned to play a crucial role in Ollie's growth, initially
servicing approximately 60 stores in nine states and will
eventually service more than 150 stores. With an investment of over
$75 million, the Princeton distribution center will not only
streamline operations but also bring significant economic benefits
to the region, creating over 200 new full-time jobs over time.
"Our investment in the Illinois
distribution center underscores our commitment to delivering
exceptional value to our customers while supporting economic growth
in the communities we serve," added van der Valk. "As we work
towards opening more than 1,300 stores nationwide, this new
facility is key to supporting our expansion."
As part of the expansion, Ollie's received an Economic
Development for a Growing Economy tax credit, which stipulates a
goal of investing $75 million into
the local community and creating over 200 jobs. Ollie's currently
employs over 12,000 team members, with 525 stores across 31 states.
For more information about current available positions with
Ollie's, please visit https://www.ollies.us/careers.
About Ollie's
We are America's largest retailer of
closeout merchandise and excess inventory, offering Real Brands and
Real Bargain prices®! We offer extreme value on brand name products
in a variety of departments, including housewares, food, books and
stationery, bed and bath, floor coverings, toys, health and beauty
aids, and more. We currently operate 525 stores in 31 states and
growing! For more information, visit www.ollies.us.
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SOURCE Ollie's Bargain Outlet Holdings, Inc.