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Ollie's Bargain Outlet Holdings, Inc., commonly referred to as Ollie's Bargain Outlet is an American chain of discount closeout retailers.It was founded in Mechanicsburg, Pennsylvania, in 1982 by Morton Bernstein and Mark L. Butler with backing from Harry Coverman and Oliver E. "Ollie" Rosenberg; the latter of whom is the namesake of the company.
Just for Feet – bankrupt in 1999, acquired by Footstar, final stores closed in 2004. MC Sports – filed for bankruptcy and closed in 2017. Modell's Sporting Goods – first store opened in 1889. On March 11, 2020, the company filed for bankruptcy, and announced it would close all 115 stores.
Inventory comes primarily from overstocks and closeouts of name-brand groceries, as well as private-label groceries. [2][3][4][5][6] Grocery Outlet buys mostly closeout or seasonal merchandise, so particular brand names change often. [2] The company's stores also carry food staples such as fresh meat, dairy and bread. [2]
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