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OLLIE'S CELEBRATES GRAND OPENING AND RIBBON CUTTING AT NEW ILLINOIS DISTRIBUTION CENTER

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Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) celebrated the grand opening of its new distribution center in Princeton, Illinois. The 615,000 square foot facility represents a $75 million investment and brings over 200 new full-time jobs to the area. This expansion is important for Ollie's growth plan, supporting its goal to open more than 1,300 stores nationwide.

The new center will initially serve 60 stores in nine states, eventually supporting over 150 stores across the Midwest and beyond. Ollie's received an Economic Development for a Growing Economy tax credit for this project. The company currently operates 525 stores across 31 states and continues to grow, with this new facility enhancing its ability to provide Real Brands and Real Bargains to more shoppers in the Midwest market.

Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) ha celebrato l'inaugurazione del suo nuovo centro di distribuzione a Princeton, Illinois. La struttura di 615.000 piedi quadrati rappresenta un investimento di 75 milioni di dollari e porta oltre 200 nuovi posti di lavoro a tempo pieno nella zona. Questa espansione è fondamentale per il piano di crescita di Ollie's, sostenendo l'obiettivo di aprire più di 1.300 negozi a livello nazionale.

Il nuovo centro servirà inizialmente 60 negozi in nove stati, per poi supportarne oltre 150 nella regione del Midwest e oltre. Ollie's ha ricevuto un credito d'imposta per lo sviluppo economico per questo progetto. L'azienda attualmente gestisce 525 negozi in 31 stati e continua a crescere, con questa nuova struttura che migliora la sua capacità di fornire Real Brands e Real Bargains a un numero sempre maggiore di acquirenti nel mercato del Midwest.

Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) celebró la gran apertura de su nuevo centro de distribución en Princeton, Illinois. La instalación de 615,000 pies cuadrados representa una inversión de 75 millones de dólares y aporta más de 200 nuevos empleos a tiempo completo a la zona. Esta expansión es importante para el plan de crecimiento de Ollie's, apoyando su objetivo de abrir más de 1,300 tiendas a nivel nacional.

El nuevo centro servirá inicialmente a 60 tiendas en nueve estados, apoyando eventualmente a más de 150 tiendas en el Medio Oeste y más allá. Ollie's recibió un crédito fiscal para el desarrollo económico para este proyecto. La empresa actualmente opera 525 tiendas en 31 estados y continúa creciendo, con esta nueva instalación mejorando su capacidad para ofrecer Real Brands y Real Bargains a más compradores en el mercado del Medio Oeste.

Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI)는 일리노이주 프린스턴에 새로운 물류 센터의 개장을 축하했습니다. 615,000 제곱피트 규모의 이 시설은 7500만 달러의 투자를 나타내며, 지역에 200개 이상의 새로운 정규직 일자리를 제공합니다. 이 확장은 Ollie's의 성장 계획에 중요하며, 1,300개 이상의 매장을 전국적으로 열겠다는 목표를 지원합니다.

새로운 센터는 처음에 아홉 개 주에서 60개의 매장에 서비스를 제공하고, 궁극적으로 중서부 및 그 이상에서 150개 이상의 매장을 지원할 것입니다. Ollie's는 이 프로젝트를 위해 경제 발전을 위한 세금 공제를 받았습니다. 현재 이 회사는 31개 주에서 525개의 매장을 운영하고 있으며 계속해서 성장하고 있으며, 이 새로운 시설은 중서부 시장의 더 많은 소비자에게 Real Brands 및 Real Bargains을 제공할 수 있는 능력을 향상시킵니다.

Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) a célébré l'inauguration de son nouveau centre de distribution à Princeton, dans l'Illinois. Ce bâtiment de 615 000 pieds carrés représente un investissement de 75 millions de dollars et génère plus de 200 nouveaux emplois à temps plein dans la région. Cette expansion est cruciale pour le plan de croissance d'Ollie's, soutenant son objectif d'ouvrir plus de 1 300 magasins à l'échelle nationale.

Le nouveau centre desservira initialement 60 magasins dans neuf États, soutenant éventuellement plus de 150 magasins dans le Midwest et au-delà. Ollie's a reçu un crédit d'impôt pour le développement économique pour ce projet. L'entreprise opère actuellement 525 magasins dans 31 États et continue de croître, cette nouvelle installation améliorant sa capacité à fournir Real Brands et Real Bargains à un plus grand nombre de consommateurs sur le marché du Midwest.

Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) feierte die Eröffnung seines neuen Vertriebszentrums in Princeton, Illinois. Die 615.000 Quadratfuß große Einrichtung repräsentiert eine 75 Millionen Dollar Investition und schafft über 200 neue Vollzeitstellen in der Region. Diese Expansion ist wichtig für den Wachstumsplan von Ollie's und unterstützt das Ziel, mehr als 1.300 Filialen landesweit zu eröffnen.

Das neue Zentrum wird zunächst 60 Filialen in neun Bundesstaaten bedienen und schließlich über 150 Filialen im Mittleren Westen und darüber hinaus unterstützen. Ollie's erhielt für dieses Projekt einen Steuervergünstigung für wirtschaftliche Entwicklung. Das Unternehmen betreibt derzeit 525 Filialen in 31 Bundesstaaten und wächst weiter, wobei diese neue Einrichtung die Fähigkeit verbessert, Real Brands und Real Bargains mehr Käufern im Markt des Mittleren Westens anzubieten.

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New Facility Brings More Jobs and Economic Growth to Princeton

HARRISBURG, Pa., Aug. 21, 2024 /PRNewswire/ -- Ollie's Bargain Outlet Holdings, Inc. (Nasdaq: OLLI) gathered today with officials from the Illinois Department of Commerce and Economic Opportunity and the city of Princeton to celebrate the grand opening and ribbon cutting of the new Ollie's distribution center in Princeton, Illinois. The more than 615,000 square foot facility is now open and is a crucial part of Ollie's growth plan in support of the company's nationwide expansion efforts to open more than 1,300 stores. Ollie's new facility, representing a capital investment of over $75 million, brings more than 200 new full-time jobs to Princeton, generating economic benefits for the region.

"This is a monumental day for Ollie's as we further expand into the Midwest market," said Eric van der Valk, President at Ollie's. "We are excited to bring more Real Brands and Real Bargains to shoppers, providing them with the products they need and love at prices they can afford. The opening of our first Midwest distribution center enhances our ability to service 150 plus stores, fueling the next phase of our growth. Along with delivering more bargains, this new facility has created valuable jobs for the hardworking people in America's heartland. We are grateful for the tremendous support from state and city officials, as well as the warm welcome from Illinois residents. We are proud to be part of this community."

The new facility will serve 60 stores in nine states and will eventually service more than 150 stores across the Midwest and beyond. Ollie's currently has 525 stores across 31 states and growing.

"This is a significant achievement for Princeton and a testament to our community's ability to support and welcome new businesses," said Princeton Mayor Ray Mabry. "Ollie's decision to open its first Midwest distribution center here highlights our city's strategic importance and potential for growth. We are excited about the economic opportunities this brings and look forward to our continued partnership with Ollie's."

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. 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.

FAQ

How many new jobs will Ollie's new distribution center in Princeton, Illinois create?

Ollie's new distribution center in Princeton, Illinois will create more than 200 new full-time jobs in the area.

What is the size of Ollie's new distribution center in Princeton, Illinois?

Ollie's new distribution center in Princeton, Illinois is more than 615,000 square feet in size.

How much did Ollie's (OLLI) invest in the new Princeton, Illinois distribution center?

Ollie's (OLLI) invested over $75 million in the new distribution center in Princeton, Illinois.

How many stores will Ollie's new distribution center in Illinois initially serve?

Ollie's new distribution center in Illinois will initially serve 60 stores across nine states.

What is Ollie's (OLLI) nationwide store expansion goal?

Ollie's (OLLI) has a nationwide expansion goal to open more than 1,300 stores.

Ollie's Bargain Outlet Holdings, Inc.

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