Ollie’s Bargain Outlet (OLLI) is poised for continued growth amidst the weak macro backdrop due to its value pricing strategy and expansion opportunities. Its strong track record of execution, positive same-store sales, and healthy balance sheet support the bullish outlook. Analysts recommend a buy rating, citing OLLI’s ability to capture market share from competitors and benefit from store closures among peers.
National discount retailer Ollie’s Bargain Outlet is set to open a new store in Jackson, Michigan, in August 2023. The store will be located in the former Party City building at 1510 N. West Ave. Ollie’s specializes in selling brand-name closeout merchandise at up to 70% off regular prices. The Jackson store will be the 22nd location in Michigan and will employ between 40 and 50 people.
