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Stock impact report

Ollie’s Bargain Outlet Acquires Additional Former Big Lots Stores

Ollie's Bargain Outlet Holdings, Inc. (OLLI) 
Last ollie's bargain outlet holdings, inc. earnings: 3/19 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.ollies.us
Company Research Source: GlobeNewswire
HARRISBURG, Pa., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Ollie’s Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) (the “Company”) today announced that it was the winning bidder in the latest bankruptcy sale process to acquire eight additional former Big Lots store leases. The eight stores were part of a bankruptcy auction for the second wave of Big Lots store closures, which included 170 stores. The acquisition of the eight additional store leases are subject to final bankruptcy court approval and customary closing conditions. Including these eight additional Big Lots locations, the Company has acquired a total of 15 former Big Lots store leases to date. Eric van der Valk, President of Ollie’s stated, “We are, once again, very pleased to be the winning bidder on an additional eight store locations in another round of the Big Lots store closures. These stores line up very well with Ollie’s in terms of size of the stores, lease terms, customer demographics, and are located in communities in ou Show less Read more
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