Ollie's Bargain Outlet Holdings, Inc. (NASDAQ: OLLI) has taken a significant step forward in its nationwide expansion with the grand opening of its fourth distribution center in Princeton, IL. The new 615,000-square-foot distribution hub is not just a milestone in Ollie's growth strategy, but a crucial hub that will drive the company's expansion in the Midwest and support its push westward.
Strategically designed to improve efficiency, the Princeton distribution center will initially serve around 60 stores across nine states. As Ollie's continues to grow, this center's reach will extend, ultimately supporting more than 150 stores. The distribution facility, built with an investment of more than $75 million, will not only streamline operations but also bring substantial economic benefits to the local community.
This new distribution center is anticipated to create more than 200 full-time jobs, greatly benefiting the local economy.
As Ollie's currently operates 525 stores across 31 states with a dedicated team of over 12,000 employees, the company has set its sights on an ambitious goal to open more than 1,300 stores ...
