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.