Company description

Olli's Bargain Outlet (ticker: OLLI) is an American discount retail company headquartered in Pennsylvania. The company was founded in 1982 by Mort Bernstein and is known for their "Good Stuff Cheap" slogan. Olli's offers a variety of brand name merchandise at discounted prices, including housewares, clothing, furniture, and food products. The company has over 400 locations in 25 states, with plans for continued expansion. Olli's has experienced significant growth since its initial public offering in 2015 and has become a popular destination for bargain hunters. The company has a unique business model that includes opportunistic buying and a constantly changing selection of merchandise, which creates a sense of urgency for customers to buy. Olli's has also been recognized for its strong customer service and employee satisfaction. With a successful track record and a focus on providing affordable and quality products, Olli's Bargain Outlet continues to thrive in the competitive retail market.