This year alone, Ollie’s Bargain Outlet is expected to open between 41 and 43 stores. Next year, if everything goes well it is hoping to open 50 new stores. And the company has no plans of slowing down with its ultimate goal to open about one store a week on average until it hits its end goal for now of 1,050 stores. The company's CEO, John Swygert thinks that goal one day could even be higher.
president and CEO John Swygert described the last two-and-a-half years as “a total rollercoaster ride.”In December 2019, co-founder and longtime Ollie’s CEO Mark Butler died unexpectedly
And all of this growth also comes despite the chain’s reluctance to enter the e-commerce market. Ollie’s has a social media presence, but it doesn’t sell any of its merchandise online. The Ollie’s Bargain Outlet at 6295 Allentown Blvd. in Lower Paxton Township. September 8, 2022. Dan Gleiter | [email protected] if that weren’t enough, for the first time ever, Ollie’s, which currently employs around 10,000 people, is remodeling some of its stores. On average, a store remodel costs about $125,000. Ollie’s expects to remodel 30 stores by the end of the year.
“We don’t want to be as saturated as some other retailers are, and we don’t think we need to be,” he said.“I do think this model would resonate anywhere in the world but you have to figure out how to execute it properly,” he said. “We’re always searching for great people,” said Tom Kuypers, senior vice president of marketing and advertising at Ollie’s Bargain Outlet.
“The big box retailers found themselves in an over-inventory position and cancelled a lot of orders,” he said. “When Walmart and Target cancel orders … their orders are very large.”
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