Ollie’s Bargain Outlet was founded in 1982 by Morton Bernstein and Ollie Rosenberg in Mechanicsville, Pennsylvania. The company operates a chain of discount retail stores which feature closeouts, discontinued merchandise, bankruptcy sales, or overstock items.
The company is named for Mr. Rosenberg and a cartoon version of him still appears in store advertising and signs, although he passed away in 1996. The company has 213 locations in 19 states. In July of 2015, the company went public on the NASDAQ under the ticker symbol: OLLI. In 2008 the company consolidated their 4 smaller warehouses and distribution centers into one central location in York, Pennsylvania. A second distribution center was built in 2014 in Commerce, Georgia.
Ollie’s Bargain Outlet sells a bit of everything and has new merchandise appearing frequently. The company is well known for their NASCAR sponsorship, which they began in 2006.