Ollie’s Bargain Outlet, Inc. Donates Over $640,000 to Feeding America®

Rhea-AI Summary

Ollie’s Bargain Outlet raised over $640,000 through an in-store fundraising campaign during February and March to support Feeding America. The funds will benefit more than 100 food banks in the communities where Ollie’s operates. Ollie’s, one of America’s largest closeout retail chains, aims to aid local food banks amid the pandemic-induced hunger crisis affecting 42 million people in the U.S. in 2021, including 13 million children. The campaign involved 390 participating locations donating proceeds to 109 member food banks.

Positive

• Raised over $640,000 for Feeding America through in-store fundraising.
• Funds will benefit over 100 food banks in local communities.
• Active in corporate social responsibility amid pandemic challenges.

Negative

• None.

Ollie’s Bargain Outlet, Inc. (Ollie’s), one of America’s largest closeout retail chains, raised more than $640,000 through an in-store fundraising campaign during February and March. Funds raised will benefit more than 100 Feeding America member food banks in the communities that Ollie’s serves.

“We began this partnership with Feeding America last year to support an immediate need in our communities at the start of the COVID-19 pandemic,” said John Swygert, President and CEO of Ollie’s, “After what has been a challenging year for so many families, we wanted to renew this partnership in 2021 to continue providing support to local food banks and people in need.”

“Due to the coronavirus pandemic, 42 million people, including more than 13 million children, may face hunger in the U.S. in 2021,” said Lauren Biedron, vice president of corporate partnerships at Feeding America. “We are thankful to Ollie’s for helping Feeding America member food banks provide more meals to neighbors during this time of increased need.”

Proceeds collected across the 390 participating Ollie's Bargain Outlet locations will be donated to 109 member food banks across the company's footprint.

About Ollie’s Bargain Outlet, Inc.

Ollie’s Bargain Outlet, Inc., founded in 1982, is one of America’s largest retailers of closeouts and excess inventory, offering real brands at real bargain prices. Famous for its signature catch-phrase Good Stuff Cheap, Ollie’s has a huge variety of famous brand-name merchandise in every department – food, books, housewares, toys, electronics, domestics, clothing, furniture, health and beauty, flooring, seasonal items and so much more – at up to 70 percent off the fancy stores’ prices. You never know what you’ll find at one of Ollie’s 395 “semi-lovely” stores in Alabama, Arkansas, Connecticut, Delaware, Florida., Georgia, Indiana, Kentucky, Louisiana, Maryland, Massachusetts, Michigan, Mississippi, New Jersey, New York, North Carolina, Ohio, Oklahoma, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia and West Virginia. For more information, visit www.ollies.us. Like us on Facebook or find us on Twitter at @OlliesOutlet. Ollie’s Bargain Outlet Holdings, Inc. is a publicly-traded company on NASDAQ under the ticker symbol OLLI.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210330005340/en/

FAQ

How much money did Ollie’s raise for Feeding America?

Ollie’s raised over $640,000 through its fundraising campaign.

How many food banks will benefit from Ollie’s fundraising efforts?

More than 100 food banks will benefit from the funds raised by Ollie’s.

What is the significance of Ollie's partnership with Feeding America?

The partnership aims to provide crucial support to communities facing hunger, especially during the pandemic.

How many Ollie’s locations participated in the fundraising campaign?

390 Ollie’s locations participated in the fundraising campaign.

How many people in the U.S. face hunger in 2021 according to the press release?

42 million people, including 13 million children, may face hunger in the U.S. in 2021.